RFG Advisory LLC Lowers Stock Position in Coeur Mining, Inc. $CDE

RFG Advisory LLC trimmed its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 85.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,342 shares of the basic materials company’s stock after selling 93,505 shares during the quarter. RFG Advisory LLC’s holdings in Coeur Mining were worth $274,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Truist Financial Corp purchased a new stake in Coeur Mining during the fourth quarter worth about $269,000. PKO Investment Management Joint Stock Co increased its holdings in Coeur Mining by 5.6% during the fourth quarter. PKO Investment Management Joint Stock Co now owns 227,419 shares of the basic materials company’s stock worth $4,055,000 after buying an additional 12,000 shares during the last quarter. Benjamin Edwards Inc. increased its position in Coeur Mining by 115.2% in the fourth quarter. Benjamin Edwards Inc. now owns 61,503 shares of the basic materials company’s stock worth $1,097,000 after buying an additional 32,919 shares during the last quarter. Jennison Associates LLC increased its position in Coeur Mining by 79.0% in the fourth quarter. Jennison Associates LLC now owns 83,155 shares of the basic materials company’s stock worth $1,483,000 after buying an additional 36,690 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in Coeur Mining by 1.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 241,033 shares of the basic materials company’s stock worth $4,298,000 after buying an additional 2,304 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on CDE. Canadian Imperial Bank of Commerce began coverage on Coeur Mining in a research report on Tuesday, March 10th. They issued an “outperform” rating and a $40.00 target price for the company. Cantor Fitzgerald downgraded Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price for the company. in a research report on Thursday. Canaccord Genuity Group raised Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Wednesday, April 29th. Roth Mkm reiterated a “buy” rating and issued a $25.00 target price on shares of Coeur Mining in a research note on Friday. Finally, Zacks Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $24.56.

Coeur Mining Price Performance

Shares of NYSE CDE opened at $19.79 on Tuesday. The stock has a market cap of $12.70 billion, a PE ratio of 17.06 and a beta of 1.24. Coeur Mining, Inc. has a fifty-two week low of $7.15 and a fifty-two week high of $27.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.14 and a current ratio of 3.73. The stock has a fifty day moving average of $19.85 and a 200-day moving average of $19.36.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $856.19 million during the quarter, compared to analysts’ expectations of $815.59 million. Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. Coeur Mining’s revenue for the quarter was up 137.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.11 earnings per share. Equities research analysts anticipate that Coeur Mining, Inc. will post 1.42 earnings per share for the current year.

Coeur Mining Profile

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.