Rhumbline Advisers Sells 24,798 Shares of Coeur Mining, Inc. $CDE

Rhumbline Advisers lowered its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 2.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 947,503 shares of the basic materials company’s stock after selling 24,798 shares during the period. Rhumbline Advisers owned about 0.15% of Coeur Mining worth $17,775,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Tidal Investments LLC increased its position in Coeur Mining by 55.3% during the 2nd quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock valued at $183,709,000 after purchasing an additional 7,382,955 shares during the period. Geode Capital Management LLC boosted its stake in shares of Coeur Mining by 2.0% during the second quarter. Geode Capital Management LLC now owns 14,979,134 shares of the basic materials company’s stock valued at $132,732,000 after purchasing an additional 288,626 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Coeur Mining by 212.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 10,321,169 shares of the basic materials company’s stock valued at $91,446,000 after purchasing an additional 7,013,222 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Coeur Mining by 18.1% during the first quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock valued at $49,449,000 after buying an additional 1,278,110 shares during the period. Finally, Schroder Investment Management Group raised its stake in Coeur Mining by 12.3% in the second quarter. Schroder Investment Management Group now owns 6,592,203 shares of the basic materials company’s stock worth $58,407,000 after buying an additional 723,064 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on CDE shares. Zacks Research raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. TD Cowen upgraded Coeur Mining to a “strong-buy” rating in a research note on Monday, December 1st. Roth Mkm lifted their target price on Coeur Mining from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Wall Street Zen upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating in a report on Sunday, December 21st. Finally, Raymond James Financial set a $21.00 price target on shares of Coeur Mining in a research report on Thursday, October 30th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $19.29.

Coeur Mining Stock Down 2.6%

Coeur Mining stock opened at $21.83 on Wednesday. Coeur Mining, Inc. has a 1-year low of $4.58 and a 1-year high of $27.77. The business has a fifty day moving average price of $20.55 and a 200-day moving average price of $17.43. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.00 and a quick ratio of 1.10. The stock has a market capitalization of $14.02 billion, a price-to-earnings ratio of 33.08 and a beta of 1.21.

Coeur Mining Company Profile

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.