UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in Coeur Mining, Inc. (NYSE:CDE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Coeur Mining, Inc. (NYSE:CDE) by 6.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 853,418 shares of the basic materials company’s stock after purchasing an additional 50,535 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.21% of Coeur Mining worth $5,872,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CDE. Jennison Associates LLC acquired a new position in Coeur Mining in the third quarter valued at $579,000. Van ECK Associates Corp raised its position in Coeur Mining by 1.1% during the third quarter. Van ECK Associates Corp now owns 34,469,783 shares of the basic materials company’s stock worth $251,629,000 after acquiring an additional 365,115 shares during the last quarter. U S Global Investors Inc. raised its position in Coeur Mining by 160.4% during the third quarter. U S Global Investors Inc. now owns 586,000 shares of the basic materials company’s stock worth $4,032,000 after acquiring an additional 361,000 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Coeur Mining by 84.6% in the second quarter. AQR Capital Management LLC now owns 487,609 shares of the basic materials company’s stock valued at $2,740,000 after buying an additional 223,529 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Coeur Mining in the third quarter valued at approximately $642,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CDE has been the subject of several research analyst reports. Canaccord Genuity Group upped their price target on shares of Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Raymond James increased their target price on shares of Coeur Mining from $6.25 to $7.00 and gave the stock a “market perform” rating in a report on Friday, September 20th. Cantor Fitzgerald raised shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. StockNews.com raised shares of Coeur Mining from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Roth Mkm restated a “buy” rating and set a $8.50 price objective (down previously from $9.00) on shares of Coeur Mining in a research report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Coeur Mining currently has an average rating of “Moderate Buy” and an average price target of $7.81.

Coeur Mining Price Performance

NYSE CDE opened at $7.00 on Wednesday. The company has a 50 day simple moving average of $6.57 and a 200-day simple moving average of $6.23. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.09 and a quick ratio of 0.39. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of -233.26 and a beta of 1.60. Coeur Mining, Inc. has a 52-week low of $2.42 and a 52-week high of $7.72.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The business had revenue of $313.50 million during the quarter, compared to analyst estimates of $289.19 million. Coeur Mining had a negative net margin of 0.44% and a positive return on equity of 1.78%. The firm’s revenue was up 61.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.05) earnings per share. Equities research analysts predict that Coeur Mining, Inc. will post 0.15 earnings per share for the current fiscal year.

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.