JPMorgan Chase & Co. Has $9.76 Million Stake in Coeur Mining, Inc. (NYSE:CDE)

JPMorgan Chase & Co. boosted its position in Coeur Mining, Inc. (NYSE:CDE) by 88.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,418,716 shares of the basic materials company’s stock after purchasing an additional 665,452 shares during the period. JPMorgan Chase & Co. owned 0.36% of Coeur Mining worth $9,761,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Rhumbline Advisers raised its stake in shares of Coeur Mining by 17.8% during the second quarter. Rhumbline Advisers now owns 638,343 shares of the basic materials company’s stock valued at $3,587,000 after acquiring an additional 96,536 shares during the last quarter. Arizona State Retirement System raised its position in Coeur Mining by 6.1% during the 2nd quarter. Arizona State Retirement System now owns 111,585 shares of the basic materials company’s stock worth $627,000 after purchasing an additional 6,435 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in Coeur Mining during the 2nd quarter worth about $1,843,000. American Century Companies Inc. grew its position in shares of Coeur Mining by 248.1% in the 2nd quarter. American Century Companies Inc. now owns 6,463,587 shares of the basic materials company’s stock valued at $36,325,000 after buying an additional 4,606,711 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of Coeur Mining in the second quarter valued at about $57,000. 63.01% of the stock is currently owned by institutional investors.

Coeur Mining Trading Down 4.6 %

CDE opened at $5.96 on Tuesday. The company has a fifty day moving average price of $6.31 and a two-hundred day moving average price of $6.33. Coeur Mining, Inc. has a 1-year low of $2.42 and a 1-year high of $7.72. The company has a market cap of $2.38 billion, a P/E ratio of -198.60 and a beta of 1.60. The company has a current ratio of 1.09, a quick ratio of 0.39 and a debt-to-equity ratio of 0.53.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, November 6th. The basic materials company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The business had revenue of $313.50 million during the quarter, compared to analyst estimates of $289.19 million. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. The firm’s revenue was up 61.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.05) EPS. Analysts predict that Coeur Mining, Inc. will post 0.15 EPS for the current fiscal year.

Analyst Ratings Changes

CDE has been the topic of a number of recent analyst reports. Raymond James lifted their price objective on Coeur Mining from $6.25 to $7.00 and gave the stock a “market perform” rating in a research note on Friday, September 20th. Cantor Fitzgerald upgraded shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. BMO Capital Markets increased their price objective on shares of Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Roth Mkm restated a “buy” rating and issued a $8.50 target price (down previously from $9.00) on shares of Coeur Mining in a report on Friday, November 8th. Finally, Canaccord Genuity Group increased their price target on Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Two 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $7.81.

Coeur Mining Company 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.