Coeur Mining, Inc. $CDE Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in Coeur Mining, Inc. (NYSE:CDE) by 7.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,555,993 shares of the basic materials company’s stock after selling 130,675 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Coeur Mining were worth $28,106,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. JPL Wealth Management LLC purchased a new position in Coeur Mining during the 3rd quarter valued at about $35,000. Covestor Ltd lifted its holdings in shares of Coeur Mining by 7,011.5% in the third quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 1,823 shares in the last quarter. Lodestone Wealth Management LLC acquired a new stake in shares of Coeur Mining in the fourth quarter valued at approximately $36,000. Sound Income Strategies LLC increased its stake in shares of Coeur Mining by 99.2% during the 4th quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 996 shares in the last quarter. Finally, Bogart Wealth LLC purchased a new position in shares of Coeur Mining during the 3rd quarter worth approximately $62,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. ATB Cormark Capital Markets raised Coeur Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, March 24th. Royal Bank Of Canada raised their price target on Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Zacks Research cut Coeur Mining from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 1st. Roth Mkm restated a “buy” rating and issued a $29.00 price objective on shares of Coeur Mining in a research report on Thursday, February 19th. Finally, Canadian Imperial Bank of Commerce began coverage on Coeur Mining in a research note on Tuesday, March 10th. They set an “outperform” rating and a $40.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.67.

Coeur Mining Stock Down 2.5%

Shares of CDE opened at $18.86 on Friday. The firm has a market cap of $12.10 billion, a PE ratio of 21.67 and a beta of 1.33. The company’s fifty day moving average is $20.95 and its two-hundred day moving average is $19.54. Coeur Mining, Inc. has a fifty-two week low of $5.21 and a fifty-two week high of $27.77. The company has a quick ratio of 1.66, a current ratio of 2.47 and a debt-to-equity ratio of 0.10.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). The firm had revenue of $674.85 million for the quarter, compared to analyst estimates of $668.70 million. Coeur Mining had a return on equity of 18.75% and a net margin of 28.31%.The company’s quarterly revenue was up 120.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.11 earnings per share. Analysts forecast that Coeur Mining, Inc. will post 1.42 earnings per share for the current year.

About Coeur Mining

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.