61,692 Shares in Coeur Mining, Inc. (NYSE:CDE) Acquired by Freedom Investment Management Inc.

Freedom Investment Management Inc. purchased a new stake in Coeur Mining, Inc. (NYSE:CDE) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 61,692 shares of the basic materials company’s stock, valued at approximately $424,000.

Several other large investors have also recently modified their holdings of the business. Jennison Associates LLC acquired a new stake in Coeur Mining in the third quarter valued at $579,000. Van ECK Associates Corp increased its stake in shares of Coeur Mining by 1.1% in the third quarter. Van ECK Associates Corp now owns 34,469,783 shares of the basic materials company’s stock valued at $251,629,000 after buying an additional 365,115 shares during the period. U S Global Investors Inc. raised its position in shares of Coeur Mining by 160.4% during the third quarter. U S Global Investors Inc. now owns 586,000 shares of the basic materials company’s stock worth $4,032,000 after acquiring an additional 361,000 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Coeur Mining by 84.6% in the second quarter. AQR Capital Management LLC now owns 487,609 shares of the basic materials company’s stock worth $2,740,000 after acquiring an additional 223,529 shares during the period. Finally, Bank of Montreal Can boosted its holdings in Coeur Mining by 19.1% in the second quarter. Bank of Montreal Can now owns 804,183 shares of the basic materials company’s stock valued at $4,520,000 after acquiring an additional 129,117 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Raymond James raised their price target on shares of Coeur Mining from $6.25 to $7.00 and gave the stock a “market perform” rating in a report on Friday, September 20th. Roth Mkm reaffirmed a “buy” rating and set a $8.50 price target (down previously from $9.00) on shares of Coeur Mining in a research report on Friday, November 8th. BMO Capital Markets lifted their price objective on Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. StockNews.com upgraded Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Cantor Fitzgerald upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Coeur Mining currently has an average rating of “Moderate Buy” and an average price target of $7.81.

Coeur Mining Stock Down 0.5 %

CDE stock opened at $6.46 on Friday. The stock’s 50 day simple moving average is $6.63 and its 200 day simple moving average is $6.18. The company has a market cap of $2.58 billion, a P/E ratio of -215.33 and a beta of 1.65. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.39 and a current ratio of 1.09. Coeur Mining, Inc. has a fifty-two week low of $2.42 and a fifty-two week high of $7.72.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. The company had revenue of $313.50 million for the quarter, compared to analyst estimates of $289.19 million. During the same period in the prior year, the firm earned ($0.05) earnings per share. Coeur Mining’s revenue for the quarter was up 61.1% on a year-over-year basis. On average, research analysts expect that Coeur Mining, Inc. will post 0.15 earnings per share for the current fiscal year.

Coeur Mining Company 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.