232,195 Shares in Coeur Mining, Inc. (NYSE:CDE) Purchased by Plancorp LLC

Plancorp LLC bought a new position in Coeur Mining, Inc. (NYSE:CDE) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 232,195 shares of the basic materials company’s stock, valued at approximately $1,305,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CDE. Old West Investment Management LLC bought a new stake in shares of Coeur Mining during the second quarter valued at approximately $1,405,000. Renaissance Technologies LLC purchased a new position in Coeur Mining during the 2nd quarter valued at about $4,822,000. WINTON GROUP Ltd bought a new position in shares of Coeur Mining during the second quarter valued at approximately $57,000. Mainsail Asset Management LLC purchased a new stake in shares of Coeur Mining in the 2nd quarter worth approximately $379,000. Finally, American Century Companies Inc. increased its position in Coeur Mining by 248.1% during 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 in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Raymond James raised their price target on Coeur Mining from $5.75 to $6.25 and gave the company a “market perform” rating in a report on Friday, August 9th. Cantor Fitzgerald cut shares of Coeur Mining from an “overweight” rating to a “neutral” rating in a report on Thursday, August 8th. BMO Capital Markets boosted their price objective on shares of Coeur Mining from $6.75 to $7.50 and gave the stock an “outperform” rating in a report on Friday, July 12th. Finally, Roth Mkm reiterated a “buy” rating and set a $8.00 target price (up from $7.25) on shares of Coeur Mining in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Coeur Mining has a consensus rating of “Moderate Buy” and a consensus price target of $6.44.

Coeur Mining Stock Down 3.5 %

CDE stock opened at $7.03 on Tuesday. The company has a market cap of $2.81 billion, a price-to-earnings ratio of -22.66 and a beta of 1.64. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.45 and a current ratio of 1.20. The business’s 50-day moving average is $6.09 and its two-hundred day moving average is $5.24. Coeur Mining, Inc. has a fifty-two week low of $2.00 and a fifty-two week high of $7.31.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. The firm had revenue of $222.03 million for the quarter, compared to analysts’ expectations of $242.18 million. Coeur Mining had a negative net margin of 8.33% and a negative return on equity of 4.59%. The business’s quarterly revenue was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.06) EPS. As a group, analysts forecast that Coeur Mining, Inc. will post 0.08 earnings per share for the current year.

Coeur Mining 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.