Coeur Mining, Inc. $CDE Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S trimmed its position in Coeur Mining, Inc. (NYSE:CDE) by 13.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 376,494 shares of the basic materials company’s stock after selling 60,972 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned about 0.06% of Coeur Mining worth $7,063,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CDE. JPMorgan Chase & Co. lifted its holdings in Coeur Mining by 84.0% during the second quarter. JPMorgan Chase & Co. now owns 2,881,784 shares of the basic materials company’s stock worth $25,533,000 after acquiring an additional 1,315,348 shares in the last quarter. Voya Investment Management LLC raised its position in shares of Coeur Mining by 246.5% during the third quarter. Voya Investment Management LLC now owns 608,227 shares of the basic materials company’s stock worth $11,410,000 after purchasing an additional 432,683 shares during the period. Moody Aldrich Partners LLC bought a new position in shares of Coeur Mining during the 3rd quarter valued at about $5,768,000. Allspring Global Investments Holdings LLC grew its position in shares of Coeur Mining by 29.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,368,071 shares of the basic materials company’s stock valued at $44,709,000 after purchasing an additional 539,615 shares during the period. Finally, Precision Wealth Strategies LLC bought a new stake in Coeur Mining during the 3rd quarter worth approximately $1,169,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Weiss Ratings downgraded Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 29th. Raymond James Financial set a $21.00 price objective on Coeur Mining in a report on Thursday, October 30th. Cantor Fitzgerald cut Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 target price on the stock. in a research note on Thursday, October 30th. Cormark cut shares of Coeur Mining from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Finally, Zacks Research upgraded shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Coeur Mining presently has a consensus rating of “Buy” and an average target price of $18.17.

Coeur Mining Stock Up 12.2%

CDE opened at $21.45 on Friday. Coeur Mining, Inc. has a fifty-two week low of $4.58 and a fifty-two week high of $27.77. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.10 and a current ratio of 2.00. The company has a market capitalization of $13.77 billion, a P/E ratio of 32.50 and a beta of 1.21. The stock has a fifty day moving average of $19.67 and a 200-day moving average of $16.67.

Coeur Mining Company 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.