Coeur Mining, Inc. $CDE Position Boosted by Alps Advisors Inc.

Alps Advisors Inc. raised its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 40.5% during the 3rd quarter, Holdings Channel reports. The fund owned 788,494 shares of the basic materials company’s stock after purchasing an additional 227,395 shares during the period. Alps Advisors Inc.’s holdings in Coeur Mining were worth $14,792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its stake in shares of Coeur Mining by 60.2% in the first quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock worth $4,434,000 after purchasing an additional 281,489 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Coeur Mining by 18.1% in the first quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock worth $49,449,000 after purchasing an additional 1,278,110 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Coeur Mining by 122.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company’s stock valued at $14,393,000 after buying an additional 1,339,138 shares in the last quarter. Focus Partners Wealth acquired a new position in Coeur Mining during the 1st quarter valued at about $60,000. Finally, Intech Investment Management LLC raised its position in shares of Coeur Mining by 58.4% during the 1st quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock worth $1,594,000 after buying an additional 99,256 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a research note on Monday, December 1st. 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 report on Thursday, October 30th. Raymond James Financial set a $21.00 price target on Coeur Mining in a research note on Thursday, October 30th. Zacks Research upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. Finally, TD Securities upped their price objective on Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Three equities research 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. According to data from MarketBeat, Coeur Mining has an average rating of “Buy” and an average target price of $18.17.

Coeur Mining Trading Up 12.2%

Coeur Mining stock opened at $21.45 on Monday. The firm has a market cap of $13.77 billion, a price-to-earnings ratio of 32.50 and a beta of 1.21. Coeur Mining, Inc. has a 1 year low of $4.58 and a 1 year high of $27.77. The firm’s 50 day moving average price is $19.67 and its two-hundred day moving average price is $16.77. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.10 and a current ratio of 2.00.

About Coeur Mining

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.