84,089 Shares in Coeur Mining, Inc. (NYSE:CDE) Acquired by Jennison Associates LLC

Jennison Associates LLC purchased a new position in shares of Coeur Mining, Inc. (NYSE:CDE) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 84,089 shares of the basic materials company’s stock, valued at approximately $579,000.

Other large investors have also made changes to their positions in the company. Russell Investments Group Ltd. lifted its stake in Coeur Mining by 32.4% in the 1st quarter. Russell Investments Group Ltd. now owns 24,337 shares of the basic materials company’s stock valued at $92,000 after purchasing an additional 5,956 shares during the last quarter. ProShare Advisors LLC lifted its stake in Coeur Mining by 17.6% in the 1st quarter. ProShare Advisors LLC now owns 64,488 shares of the basic materials company’s stock valued at $243,000 after purchasing an additional 9,648 shares during the last quarter. American International Group Inc. lifted its stake in Coeur Mining by 7.4% in the 1st quarter. American International Group Inc. now owns 176,892 shares of the basic materials company’s stock valued at $667,000 after purchasing an additional 12,211 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Coeur Mining by 6.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 333,840 shares of the basic materials company’s stock valued at $1,259,000 after purchasing an additional 19,222 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Coeur Mining by 18.5% in the 1st quarter. Janus Henderson Group PLC now owns 2,723,185 shares of the basic materials company’s stock valued at $10,254,000 after purchasing an additional 424,835 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Trading Down 0.9 %

Shares of CDE opened at $6.57 on Monday. The stock has a market capitalization of $2.62 billion, a P/E ratio of -218.93 and a beta of 1.65. The company has a quick ratio of 0.39, a current ratio of 1.09 and a debt-to-equity ratio of 0.53. The firm has a fifty day simple moving average of $6.68 and a two-hundred day simple moving average of $6.15. Coeur Mining, Inc. has a twelve month low of $2.42 and a twelve month high of $7.72.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. Coeur Mining had a negative net margin of 0.44% and a positive return on equity of 1.78%. The company had revenue of $313.50 million during the quarter, compared to analysts’ expectations of $289.19 million. During the same period last year, the company posted ($0.05) EPS. Coeur Mining’s revenue was up 61.1% on a year-over-year basis. On average, research analysts anticipate that Coeur Mining, Inc. will post 0.15 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Roth Mkm reaffirmed a “buy” rating and set a $8.50 price target (down previously from $9.00) on shares of Coeur Mining in a research note on Friday, November 8th. Canaccord Genuity Group boosted their target price on shares of Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. StockNews.com raised shares of Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Raymond James upped their price objective on shares of Coeur Mining from $6.25 to $7.00 and gave the stock a “market perform” rating in a research report on Friday, September 20th. Finally, BMO Capital Markets boosted their target price on shares of Coeur Mining from $7.50 to $8.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $7.81.

Coeur Mining Profile

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.