Coeur Mining Inc (CDE) Shares Bought by Deutsche Bank AG
Deutsche Bank AG grew its position in shares of Coeur Mining Inc (NYSE:CDE) by 107.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,953,092 shares of the basic materials company’s stock after purchasing an additional 1,013,536 shares during the period. Deutsche Bank AG’s holdings in Coeur Mining were worth $8,729,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of CDE. Baldwin Brothers Inc. MA purchased a new position in shares of Coeur Mining during the 4th quarter worth approximately $27,000. Gotham Asset Management LLC bought a new stake in shares of Coeur Mining in the 4th quarter worth approximately $52,000. Quantamental Technologies LLC bought a new stake in shares of Coeur Mining in the 4th quarter worth approximately $54,000. CoreCommodity Management LLC boosted its position in shares of Coeur Mining by 126.5% in the 4th quarter. CoreCommodity Management LLC now owns 13,938 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 7,783 shares in the last quarter. Finally, Perritt Capital Management Inc. bought a new stake in shares of Coeur Mining in the 4th quarter worth approximately $67,000. Hedge funds and other institutional investors own 67.22% of the company’s stock.
CDE has been the topic of a number of analyst reports. Zacks Investment Research raised Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 21st. BMO Capital Markets cut Coeur Mining from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $6.50 to $6.00 in a research report on Friday, February 22nd. Noble Financial set a $7.00 price target on Coeur Mining and gave the stock a “buy” rating in a research report on Friday, February 22nd. Raymond James reissued an “outperform” rating and issued a $6.50 price target on shares of Coeur Mining in a research report on Friday, February 22nd. Finally, B. Riley initiated coverage on Coeur Mining in a research report on Friday, March 1st. They issued a “buy” rating and a $6.25 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. Coeur Mining currently has a consensus rating of “Buy” and an average target price of $7.58.
Shares of CDE opened at $3.68 on Friday. The company has a current ratio of 1.85, a quick ratio of 0.97 and a debt-to-equity ratio of 0.51. Coeur Mining Inc has a 52 week low of $3.65 and a 52 week high of $8.89. The company has a market capitalization of $755.16 million, a PE ratio of -368.00 and a beta of 0.42.
Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, February 20th. The basic materials company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.20. The firm had revenue of $143.80 million for the quarter, compared to analysts’ expectations of $152.25 million. Coeur Mining had a negative return on equity of 0.22% and a negative net margin of 7.74%. The business’s revenue for the quarter was down 33.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 EPS. As a group, analysts forecast that Coeur Mining Inc will post 0.1 earnings per share for the current fiscal year.
Coeur Mining Profile
Coeur Mining, Inc explores for, develops, and produces gold, silver, zinc, and lead properties. It holds interests in the Palmarejo gold and silver complex located in Mexico; the Rochester silver and gold mine situated in Nevada; the Kensington gold mine located in Alaska; the Wharf gold mine situated in South Dakota; and the Silvertip silver-zinc-lead mine located in Canada.
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