International Assets Investment Management LLC Takes Position in Coeur Mining, Inc. (NYSE:CDE)

International Assets Investment Management LLC bought a new position in Coeur Mining, Inc. (NYSE:CDE) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 20,640 shares of the basic materials company’s stock, valued at approximately $142,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC raised its stake in shares of Coeur Mining by 831.5% in the 2nd quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock valued at $28,000 after buying an additional 4,490 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Coeur Mining in the second quarter worth about $49,000. Hohimer Wealth Management LLC bought a new position in Coeur Mining during the second quarter worth about $57,000. WINTON GROUP Ltd acquired a new stake in Coeur Mining during the second quarter valued at approximately $57,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Coeur Mining in the 2nd quarter valued at approximately $59,000. 63.01% of the stock is owned by institutional investors.

Coeur Mining Stock Performance

Shares of NYSE:CDE opened at $6.59 on Friday. The business has a fifty day moving average of $6.54 and a 200-day moving average of $6.00. 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, Inc. has a twelve month low of $2.00 and a twelve month high of $7.72. The firm has a market cap of $2.63 billion, a PE ratio of -31.38 and a beta of 1.65.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.05. Coeur Mining had a negative net margin of 8.33% and a negative return on equity of 4.59%. The firm had revenue of $313.50 million during the quarter, compared to analysts’ expectations of $289.19 million. During the same quarter last year, the company posted ($0.05) EPS. The company’s quarterly revenue was up 61.1% compared to the same quarter last year. On average, equities research analysts predict that Coeur Mining, Inc. will post 0.14 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on CDE. Raymond James raised their target price on Coeur Mining from $6.25 to $7.00 and gave the stock a “market perform” rating in a research report on Friday, September 20th. BMO Capital Markets lifted their price objective on Coeur Mining from $7.50 to $8.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Canaccord Genuity Group upped their target price on shares of Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Roth Mkm lifted their price target on shares of Coeur Mining from $8.00 to $8.50 and gave the company a “buy” rating in a report on Wednesday, September 25th. Finally, Cantor Fitzgerald lowered shares of Coeur Mining from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 8th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $7.81.

About Coeur Mining

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.