Precision Wealth Strategies LLC Buys Shares of 62,309 Coeur Mining, Inc. $CDE

by · The Cerbat Gem

Precision Wealth Strategies LLC purchased a new position in shares of Coeur Mining, Inc. (NYSE:CDE – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 62,309 shares of the basic materials company’s stock, valued at approximately $1,169,000.

Other large investors have also recently added to or reduced their stakes in the company. MAI Capital Management acquired a new stake in Coeur Mining during the first quarter worth $25,000. EverSource Wealth Advisors LLC boosted its position in shares of Coeur Mining by 74.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 1,435 shares during the period. Luminist Capital LLC purchased a new stake in Coeur Mining in the second quarter valued at approximately $40,000. State of Wyoming acquired a new stake in shares of Coeur Mining in the first quarter valued at $52,000. Finally, Focus Partners Wealth acquired a new stake in shares of Coeur Mining during the first quarter worth about $60,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Zacks Research lowered Coeur Mining from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Raymond James Financial set a $21.00 price target on shares of Coeur Mining in a research note on Thursday, October 30th. Roth Capital boosted their target price on Coeur Mining from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, December 15th. Cantor Fitzgerald lowered Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 price target on the stock. in a research report on Thursday, October 30th. Finally, Wall Street Zen raised shares of Coeur Mining from a “hold” rating to a “buy” rating in a report on Sunday, December 21st. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.75.

Read Our Latest Stock Report on CDE

Coeur Mining Stock Down 2.1%

Coeur Mining stock opened at $18.70 on Friday. The stock’s 50 day moving average price is $16.62 and its 200 day moving average price is $14.06. Coeur Mining, Inc. has a 1-year low of $4.58 and a 1-year high of $23.61. The company has a market cap of $12.00 billion, a PE ratio of 28.33 and a beta of 1.33. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.00 and a quick ratio of 1.10.

Coeur Mining (NYSE:CDE – Get Free Report) last issued its earnings results on Wednesday, October 29th. The basic materials company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $554.57 million for the quarter, compared to analysts’ expectations of $511.20 million. Coeur Mining had a return on equity of 15.52% and a net margin of 24.03%.Coeur Mining’s revenue for the quarter was up 76.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 earnings per share. On average, sell-side analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Coeur Mining Company Profile

(Free Report)

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.

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