Allspring Global Investments Holdings LLC Invests $183,000 in Coeur Mining, Inc. (NYSE:CDE)

Allspring Global Investments Holdings LLC acquired a new stake in shares of Coeur Mining, Inc. (NYSE:CDE) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 32,022 shares of the basic materials company’s stock, valued at approximately $183,000.

Several other large investors have also recently bought and sold shares of the business. Van ECK Associates Corp increased its holdings in Coeur Mining by 1.1% in 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 buying an additional 365,115 shares during the last quarter. Geode Capital Management LLC increased its holdings in Coeur Mining by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 9,146,107 shares of the basic materials company’s stock valued at $62,937,000 after purchasing an additional 89,863 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Coeur Mining by 88.3% during the third quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company’s stock valued at $9,761,000 after purchasing an additional 665,452 shares during the last quarter. Barclays PLC raised its stake in shares of Coeur Mining by 59.2% during the third quarter. Barclays PLC now owns 962,652 shares of the basic materials company’s stock worth $6,624,000 after buying an additional 358,097 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Coeur Mining by 14.1% during the 3rd quarter. Wellington Management Group LLP now owns 932,074 shares of the basic materials company’s stock worth $6,413,000 after buying an additional 114,870 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Price Performance

Shares of Coeur Mining stock opened at $5.09 on Wednesday. Coeur Mining, Inc. has a 12-month low of $2.42 and a 12-month high of $7.72. The firm has a market cap of $2.03 billion, a PE ratio of 42.38 and a beta of 1.59. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The company’s fifty day simple moving average is $6.26 and its two-hundred day simple moving average is $6.41.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. The firm had revenue of $305.40 million during the quarter, compared to analyst estimates of $314.32 million. As a group, equities analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on CDE shares. Cormark raised shares of Coeur Mining to a “moderate buy” rating in a research report on Thursday, February 20th. Roth Mkm decreased their price target on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating on the stock in a report on Friday, February 21st. Cantor Fitzgerald upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. BMO Capital Markets began coverage on shares of Coeur Mining in a research report on Tuesday, February 18th. They set an “outperform” rating and a $9.00 target price on the stock. Finally, StockNews.com raised shares of Coeur Mining from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Coeur Mining presently has a consensus rating of “Buy” and an average target price of $8.31.

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.