American Century Companies Inc. Boosts Stock Position in Coeur Mining, Inc. (NYSE:CDE)

American Century Companies Inc. raised its holdings in Coeur Mining, Inc. (NYSE:CDE) by 248.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,463,587 shares of the basic materials company’s stock after acquiring an additional 4,606,711 shares during the period. American Century Companies Inc. owned 1.62% of Coeur Mining worth $36,325,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CDE. State of New Jersey Common Pension Fund D acquired a new stake in shares of Coeur Mining in the second quarter worth approximately $1,843,000. Headlands Technologies LLC acquired a new position in shares of Coeur Mining in the 2nd quarter valued at $626,000. Ballentine Partners LLC grew its stake in shares of Coeur Mining by 18.3% during the 2nd quarter. Ballentine Partners LLC now owns 14,435 shares of the basic materials company’s stock valued at $81,000 after buying an additional 2,232 shares during the period. Arizona State Retirement System increased its holdings in shares of Coeur Mining by 6.1% during the 2nd quarter. Arizona State Retirement System now owns 111,585 shares of the basic materials company’s stock worth $627,000 after buying an additional 6,435 shares during the last quarter. Finally, Hohimer Wealth Management LLC purchased a new position in shares of Coeur Mining in the 2nd quarter worth $57,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Coeur Mining Stock Performance

Shares of CDE stock opened at $6.97 on Wednesday. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of -22.48 and a beta of 1.64. Coeur Mining, Inc. has a one year low of $2.00 and a one year high of $7.31. The company’s 50-day simple moving average is $6.11 and its 200-day simple moving average is $5.27. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.45 and a current ratio of 1.20.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. The company had revenue of $222.03 million during the quarter, compared to analyst estimates of $242.18 million. Coeur Mining had a negative return on equity of 4.59% and a negative net margin of 8.33%. The business’s revenue was up 25.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.06) EPS. Equities analysts anticipate that Coeur Mining, Inc. will post 0.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CDE shares. Raymond James increased their target price on shares of Coeur Mining from $5.75 to $6.25 and gave the stock a “market perform” rating in a research report on Friday, August 9th. Cantor Fitzgerald lowered shares of Coeur Mining from an “overweight” rating to a “neutral” rating in a report on Thursday, August 8th. Roth Mkm restated a “buy” rating and set a $8.00 target price (up from $7.25) on shares of Coeur Mining in a research note on Friday, August 9th. Finally, BMO Capital Markets boosted their price target on Coeur Mining from $6.75 to $7.50 and gave the stock an “outperform” rating in a research note on Friday, July 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $6.44.

Coeur Mining Profile

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.