Fmr LLC Has $946,000 Stock Position in Coeur Mining, Inc. (NYSE:CDE)

Fmr LLC lifted its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 1,011.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 137,504 shares of the basic materials company’s stock after buying an additional 125,127 shares during the quarter. Fmr LLC’s holdings in Coeur Mining were worth $946,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Ballentine Partners LLC increased its stake in Coeur Mining by 18.3% in the second quarter. Ballentine Partners LLC now owns 14,435 shares of the basic materials company’s stock valued at $81,000 after purchasing an additional 2,232 shares in the last quarter. CWM LLC raised its stake in Coeur Mining by 831.5% during the 2nd quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock worth $28,000 after buying an additional 4,490 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in Coeur Mining by 59.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,024 shares of the basic materials company’s stock worth $90,000 after acquiring an additional 5,993 shares in the last quarter. Arizona State Retirement System grew its stake in Coeur Mining by 6.1% in the second quarter. Arizona State Retirement System now owns 111,585 shares of the basic materials company’s stock valued at $627,000 after acquiring an additional 6,435 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Coeur Mining during the second quarter valued at approximately $49,000. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Performance

Shares of CDE opened at $6.31 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.39 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of -210.17 and a beta of 1.60. The stock has a 50 day moving average of $6.58 and a 200 day moving average of $6.27. Coeur Mining, Inc. has a 12 month low of $2.42 and a 12 month high of $7.72.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The company had revenue of $313.50 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 61.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.05) EPS. As a group, sell-side analysts forecast that Coeur Mining, Inc. will post 0.15 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on CDE shares. Raymond James upped their price objective 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. StockNews.com upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Roth Mkm reiterated a “buy” rating and set a $8.50 price target (down previously from $9.00) on shares of Coeur Mining in a research note on Friday, November 8th. Cantor Fitzgerald raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. Finally, BMO Capital Markets raised their target price on Coeur Mining from $7.50 to $8.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Coeur Mining currently has an average rating of “Moderate Buy” and a consensus price target of $7.81.

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.