TSP Capital Management Group LLC Has $8.18 Million Stake in Coeur Mining, Inc. $CDE

TSP Capital Management Group LLC lessened its stake in Coeur Mining, Inc. (NYSE:CDE) by 33.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 436,125 shares of the basic materials company’s stock after selling 220,000 shares during the quarter. Coeur Mining makes up about 2.2% of TSP Capital Management Group LLC’s holdings, making the stock its 21st largest position. TSP Capital Management Group LLC owned approximately 0.07% of Coeur Mining worth $8,182,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of CDE. Ameritas Investment Partners Inc. increased its position in shares of Coeur Mining by 1.8% during the second quarter. Ameritas Investment Partners Inc. now owns 65,416 shares of the basic materials company’s stock valued at $580,000 after acquiring an additional 1,183 shares during the last quarter. BFI Infinity Ltd. boosted its holdings in shares of Coeur Mining by 3.2% in the 2nd quarter. BFI Infinity Ltd. now owns 43,560 shares of the basic materials company’s stock worth $386,000 after buying an additional 1,355 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Coeur Mining by 74.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock valued at $30,000 after buying an additional 1,435 shares during the period. Janney Montgomery Scott LLC grew its position in Coeur Mining by 7.2% during the second quarter. Janney Montgomery Scott LLC now owns 23,702 shares of the basic materials company’s stock valued at $210,000 after buying an additional 1,602 shares during the period. Finally, California State Teachers Retirement System increased its holdings in Coeur Mining by 0.3% during the second quarter. California State Teachers Retirement System now owns 590,900 shares of the basic materials company’s stock worth $5,235,000 after buying an additional 1,774 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on CDE. TD Securities upped their price objective on Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Roth Capital upped their price objective on shares of Coeur Mining from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, December 15th. Cantor Fitzgerald downgraded shares of Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 target price for the company. in a research note on Thursday, October 30th. Raymond James Financial set a $21.00 target price on Coeur Mining in a research report on Thursday, October 30th. Finally, TD Cowen upgraded Coeur Mining to a “strong-buy” rating in a research report on Monday, December 1st. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Coeur Mining presently has an average rating of “Buy” and an average price target of $16.75.

Coeur Mining Stock Down 1.6%

Shares of NYSE:CDE opened at $17.54 on Monday. The firm has a fifty day moving average price of $16.44 and a two-hundred day moving average price of $14.51. The company has a market cap of $11.26 billion, a price-to-earnings ratio of 26.57 and a beta of 1.24. 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, Inc. has a one year low of $4.58 and a one year high of $23.61.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Coeur Mining had a return on equity of 15.52% and a net margin of 24.03%.The business had revenue of $554.57 million during the quarter, compared to analysts’ expectations of $511.20 million. During the same quarter last year, the business posted $0.12 EPS. The company’s quarterly revenue was up 76.9% on a year-over-year basis. Analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal 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.