Coeur Mining, Inc. (NYSE:CDE) Position Trimmed by Inspire Investing LLC

Inspire Investing LLC decreased its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 33.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,149 shares of the basic materials company’s stock after selling 31,997 shares during the period. Inspire Investing LLC’s holdings in Coeur Mining were worth $355,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC increased its stake in Coeur Mining by 831.5% during the second quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 4,490 shares during the last quarter. Hohimer Wealth Management LLC bought a new stake in Coeur Mining during the second quarter valued at $57,000. WINTON GROUP Ltd bought a new stake in Coeur Mining during the second quarter valued at $57,000. CIBC Asset Management Inc bought a new stake in Coeur Mining during the second quarter valued at $59,000. Finally, Ballentine Partners LLC bought a new stake in Coeur Mining during the first quarter valued at $46,000. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Price Performance

CDE stock opened at $6.97 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.45 and a debt-to-equity ratio of 0.59. Coeur Mining, Inc. has a one year low of $2.00 and a one year high of $7.39. The firm has a market capitalization of $2.78 billion, a PE ratio of -22.48 and a beta of 1.64. The firm has a 50-day moving average of $6.12 and a two-hundred day moving average of $5.34.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Roth Mkm restated a “buy” rating and set a $8.00 price target (up previously from $7.25) on shares of Coeur Mining in a research report on Friday, August 9th. BMO Capital Markets increased their target price on shares of Coeur Mining from $6.75 to $7.50 and gave the company an “outperform” rating in a research report on Friday, July 12th. Cantor Fitzgerald lowered shares of Coeur Mining from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 8th. Finally, Raymond James upped their price target on shares of Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a report on Friday. One 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 MarketBeat.com, Coeur Mining has a consensus rating of “Moderate Buy” and a consensus target price of $6.63.

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.