Coeur Mining, Inc. (NYSE:CDE) Position Trimmed by Van ECK Associates Corp

Van ECK Associates Corp lowered its stake in Coeur Mining, Inc. (NYSE:CDE) by 7.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,743,580 shares of the basic materials company’s stock after selling 2,726,203 shares during the period. Van ECK Associates Corp owned approximately 7.95% of Coeur Mining worth $181,574,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of CDE. Geode Capital Management LLC grew its holdings in shares of Coeur Mining by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 9,146,107 shares of the basic materials company’s stock worth $62,937,000 after acquiring an additional 89,863 shares during the last quarter. JPMorgan Chase & Co. grew its position in Coeur Mining by 88.3% in the third quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company’s stock worth $9,761,000 after acquiring an additional 665,452 shares in the last quarter. Barclays PLC raised its holdings in Coeur Mining by 59.2% during the third quarter. Barclays PLC now owns 962,652 shares of the basic materials company’s stock valued at $6,624,000 after buying an additional 358,097 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Coeur Mining by 14.1% in the 3rd quarter. Wellington Management Group LLP now owns 932,074 shares of the basic materials company’s stock valued at $6,413,000 after acquiring an additional 114,870 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Coeur Mining by 6.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 853,418 shares of the basic materials company’s stock worth $5,872,000 after buying an additional 50,535 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Trading Up 4.4 %

Shares of CDE stock opened at $7.29 on Thursday. The firm has a fifty day moving average of $6.37 and a 200-day moving average of $6.37. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of -242.92 and a beta of 1.59. Coeur Mining, Inc. has a 52-week low of $2.42 and a 52-week high of $7.72. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.39 and a current ratio of 1.09.

Analyst Ratings Changes

Several brokerages recently weighed in on CDE. Cantor Fitzgerald upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. Roth Mkm reaffirmed a “buy” rating and set a $8.50 price objective (down previously from $9.00) on shares of Coeur Mining in a research report on Friday, November 8th. Finally, StockNews.com raised Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.