Citigroup Inc. Has $4.10 Million Stake in Coeur Mining, Inc. $CDE

Citigroup Inc. trimmed its stake in Coeur Mining, Inc. (NYSE:CDE) by 61.5% in the third quarter, Holdings Channel.com reports. The firm owned 218,629 shares of the basic materials company’s stock after selling 349,924 shares during the quarter. Citigroup Inc.’s holdings in Coeur Mining were worth $4,101,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CDE. Tidal Investments LLC lifted its position in Coeur Mining by 55.3% in the 2nd quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock worth $183,709,000 after buying an additional 7,382,955 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Coeur Mining by 2.0% during the second quarter. Geode Capital Management LLC now owns 14,979,134 shares of the basic materials company’s stock worth $132,732,000 after acquiring an additional 288,626 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Coeur Mining by 212.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 10,321,169 shares of the basic materials company’s stock valued at $91,446,000 after purchasing an additional 7,013,222 shares during the last quarter. Goldman Sachs Group Inc. grew its stake 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 valued at $49,449,000 after purchasing an additional 1,278,110 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in Coeur Mining by 12.3% in the 2nd quarter. Schroder Investment Management Group now owns 6,592,203 shares of the basic materials company’s stock worth $58,407,000 after purchasing an additional 723,064 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CDE. Royal Bank Of Canada lifted their price target on Coeur Mining from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a research note on Monday, December 1st. Roth Mkm restated a “buy” rating and set a $29.00 price target on shares of Coeur Mining in a research note on Thursday, February 19th. Wall Street Zen raised shares of Coeur Mining from a “hold” rating to a “buy” rating in a research note on Sunday, December 21st. Finally, Canaccord Genuity Group downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a research report on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.88.

Coeur Mining Stock Performance

NYSE:CDE opened at $23.77 on Thursday. The firm has a market capitalization of $15.26 billion, a PE ratio of 27.32 and a beta of 1.16. Coeur Mining, Inc. has a 1 year low of $4.58 and a 1 year high of $27.77. The company has a current ratio of 2.47, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. The firm’s fifty day simple moving average is $22.15 and its 200 day simple moving average is $18.45.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). The firm had revenue of $674.85 million for the quarter, compared to the consensus estimate of $668.70 million. Coeur Mining had a net margin of 28.31% and a return on equity of 18.75%. The firm’s revenue was up 120.9% on a year-over-year basis. During the same quarter last year, the company earned $0.11 earnings per share. On average, sell-side analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current 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.