First Eagle Investment Management LLC Purchases 93,500 Shares of Coeur Mining, Inc. (NYSE:CDE)

First Eagle Investment Management LLC increased its position in Coeur Mining, Inc. (NYSE:CDE) by 4.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,453,721 shares of the basic materials company’s stock after buying an additional 93,500 shares during the period. First Eagle Investment Management LLC owned 0.61% of Coeur Mining worth $13,790,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CDE. Janus Henderson Group PLC increased its holdings in shares of Coeur Mining by 18.5% during the 1st quarter. Janus Henderson Group PLC now owns 2,723,185 shares of the basic materials company’s stock valued at $10,254,000 after acquiring an additional 424,835 shares during the last quarter. Vanguard Group Inc. grew its holdings in Coeur Mining by 12.5% during the fourth quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock valued at $116,885,000 after purchasing an additional 3,989,352 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Coeur Mining by 149.1% in the first quarter. BNP Paribas Financial Markets now owns 323,988 shares of the basic materials company’s stock worth $1,221,000 after buying an additional 193,912 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Coeur Mining by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 16,087,106 shares of the basic materials company’s stock worth $52,445,000 after buying an additional 84,920 shares during the period. Finally, SG Americas Securities LLC grew its stake in Coeur Mining by 247.7% in the 1st quarter. SG Americas Securities LLC now owns 113,038 shares of the basic materials company’s stock valued at $426,000 after buying an additional 80,531 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on CDE. Roth Mkm reissued a “buy” rating and set a $8.00 target price (up previously from $7.25) on shares of Coeur Mining in a research report on Friday, August 9th. Cantor Fitzgerald downgraded Coeur Mining from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 8th. BMO Capital Markets lifted their price target on Coeur Mining from $6.75 to $7.50 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Finally, Raymond James increased their price objective on Coeur Mining from $5.75 to $6.25 and gave the company a “market perform” rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $6.44.

Coeur Mining Trading Up 2.3 %

Shares of CDE opened at $6.91 on Friday. The stock’s 50-day moving average price is $6.12 and its 200 day moving average price is $5.30. The company has a quick ratio of 0.45, a current ratio of 1.20 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of -22.27 and a beta of 1.64. Coeur Mining, Inc. has a 12-month low of $2.00 and a 12-month high of $7.39.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $222.03 million for the quarter, compared to analysts’ expectations of $242.18 million. Coeur Mining had a negative return on equity of 4.59% and a negative net margin of 8.33%. Coeur Mining’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.06) earnings per share. As a group, research analysts predict that Coeur Mining, Inc. will post 0.08 earnings per share for the current 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.