American Century Companies Inc. Acquires 42,319 Shares of Coeur Mining, Inc. $CDE

American Century Companies Inc. raised its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 1.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,801,926 shares of the basic materials company’s stock after acquiring an additional 42,319 shares during the quarter. American Century Companies Inc.’s holdings in Coeur Mining were worth $52,564,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in CDE. EverSource Wealth Advisors LLC increased its holdings in Coeur Mining by 74.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 1,435 shares during the period. Covestor Ltd boosted its stake in Coeur Mining by 7,011.5% in the 3rd quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 1,823 shares in the last quarter. Luminist Capital LLC bought a new position in shares of Coeur Mining in the second quarter worth approximately $40,000. Focus Partners Wealth purchased a new stake in Coeur Mining during the 1st quarter valued at $60,000. Finally, Bogart Wealth LLC purchased a new stake in shares of Coeur Mining during the third quarter valued at $62,000. Institutional investors own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

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

Coeur Mining Stock Performance

Shares of Coeur Mining stock opened at $22.61 on Friday. Coeur Mining, Inc. has a 52 week low of $4.58 and a 52 week high of $27.77. The company has a 50 day moving average price of $22.23 and a 200 day moving average price of $18.48. The company has a quick ratio of 1.66, a current ratio of 2.47 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $14.52 billion, a P/E ratio of 25.99 and a beta of 1.16.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.08). The business had revenue of $674.85 million during the quarter, compared to analysts’ expectations of $668.70 million. Coeur Mining had a net margin of 28.31% and a return on equity of 18.75%. Coeur Mining’s revenue for the quarter was up 120.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 earnings per share. Sell-side analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current year.

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.