Inspire Investing LLC Makes New Investment in Coeur Mining, Inc. (NYSE:CDE)


Inspire Investing LLC bought a new position in Coeur Mining, Inc. (NYSE:CDE – Get Rating ) in the first quarter, HoldingsChannel reports. The institutional investor bought 53,031 shares of the basic materials company’s stock, valued at approximately $236,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Coeur Mining by 6.6% in the 4th quarter. State Street Corp now owns 17,758,657 shares of the basic materials company’s stock valued at $89,504,000 after buying an additional 1,094,285 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Coeur Mining by 8.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,224,414 shares of the basic materials company’s stock valued at $26,331,000 after purchasing an additional 419,114 shares during the last quarter. DE Shaw & Co. Inc. raised its stake in shares of Coeur Mining by 49.3% in the 4th quarter. DE Shaw & Co. Inc. now owns 2,249,733 shares of the basic materials company’s stock valued at $11,339,000 after purchasing an additional 742,939 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Coeur Mining in the 4th quarter valued at about $9,838,000. Finally, American Century Companies Inc. raised its stake in shares of Coeur Mining by 40.2% during the 4th quarter. American Century Companies Inc. now owns 662,912 shares of the basic materials company’s stock valued at $3,341,000 after buying an additional 189,969 shares in the last quarter. 58.12% of the shares are currently owned by institutional investors and hedge funds.

Shares of CDE stock opened at $2.92 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 0.51. Coeur Mining, Inc. has a 52-week low of $2.67 and a 52-week high of $8.66. The stock’s 50-day moving average is $3.57, and its two-hundred-day moving average is $4.35. The company has a market cap of $819.95 million, a PE ratio of -32.44 and a beta of 1.80.

Coeur Mining (NYSE:CDE – Get Rating ) last posted its quarterly earnings data on Wednesday, May 4th. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). Coeur Mining had a negative return on equity of 3.41% and a negative net margin of 3.13%. The business had revenue of $188.20 million for the quarter, compared to analysts’ expectations of $193.63 million. In the same quarter last year, the firm earned $0.06 earnings per share. Coeur Mining’s revenue for the quarter was down 6.9% compared to the same quarter last year.

Several research firms recently weighed in on CDE. Canaccord Genuity Group raised Coeur Mining from a “hold” rating to a “buy” rating and set a $5.50 target price on the stock in a research note on Friday, May 6th. Raymond James set a $6.00 target price on Coeur Mining and gave the stock a “market perform” rating in a research report on Friday, May 6th. Finally, StockNews.com assumed coverage on Coeur Mining in a research report on Thursday, March 31st. They assign a sell rating to the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $6.30.

Coeur mining profile (Get Rating)

Coeur Mining, Inc explores for precious metals in the United States, Canada and Mexico. The company primarily explores for gold, silver, zinc and lead. It owns 100% interests in the Palmarejo gold and silver mine covering an area of ​​approximately 67,296 net acres located in the state of Chihuahua in northern Mexico; the Rochester Silver and Gold Mine, which covers an area of ​​approximately 43,441 net acres located in northwestern Nevada; the 3,972 net acre Kensington Gold Mine located north of Juneau, Alaska; the Wharf gold mine, covering an area of ​​approximately 3,243 net acres, located in the northern Black Hills of western South Dakota; and the Silvertip silver-zinc lead mine comprising 97,298 net acres located in northern British Columbia, Canada.

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Institutional Ownership by Quarter for Coeur Mining (NYSE:CDE)



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