Coeur Mining, Inc. (NYSE:CDE) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP boosted its holdings in Coeur Mining, Inc. (NYSE:CDE) by 14.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 932,074 shares of the basic materials company’s stock after purchasing an additional 114,870 shares during the quarter. Wellington Management Group LLP owned about 0.23% of Coeur Mining worth $6,413,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Ballentine Partners LLC grew its holdings in shares of Coeur Mining by 18.3% during the second quarter. Ballentine Partners LLC now owns 14,435 shares of the basic materials company’s stock worth $81,000 after purchasing an additional 2,232 shares during the last quarter. CWM LLC lifted its stake in Coeur Mining by 831.5% in the second quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock valued at $28,000 after buying an additional 4,490 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Coeur Mining by 59.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,024 shares of the basic materials company’s stock valued at $90,000 after acquiring an additional 5,993 shares during the period. Arizona State Retirement System grew its position in shares of Coeur Mining by 6.1% during the second quarter. Arizona State Retirement System now owns 111,585 shares of the basic materials company’s stock worth $627,000 after acquiring an additional 6,435 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Coeur Mining in the 2nd quarter valued at $49,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Coeur Mining Price Performance

Shares of CDE opened at $6.31 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.39 and a debt-to-equity ratio of 0.53. The stock’s 50 day moving average is $6.58 and its two-hundred day moving average is $6.27. Coeur Mining, Inc. has a twelve month low of $2.42 and a twelve month high of $7.72. The firm has a market capitalization of $2.52 billion, a PE ratio of -210.17 and a beta of 1.60.

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

Analyst Ratings Changes

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

About Coeur Mining

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.