Coeur Mining, Inc. $CDE Stock Position Decreased by Neo Ivy Capital Management

Key Points

• Neo Ivy Capital cut its stake in Coeur Mining by 86.5% in Q3, selling 137,472 shares and leaving 21,534 shares valued at about $404,000.
• Coeur's latest quarter showed earnings of $0.35 EPS (missing estimates of $0.43) while revenue of $674.85M beat expectations and was up 120.9% year‑over‑year.
• Analysts are mixed—two Strong Buy, five Buy and five Hold—with a consensus rating of "Moderate Buy" and a consensus price target of $20.88, versus a recent share price around $22.70.

Neo Ivy Capital Management trimmed its stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 86.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,534 shares of the basic materials company's stock after selling 137,472 shares during the quarter. Neo Ivy Capital Management's holdings in Coeur Mining were worth $404,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its position in shares of Coeur Mining by 74.2% in 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 raised its holdings in Coeur Mining by 7,011.5% during the 3rd quarter. Covestor Ltd now owns 1,849 shares of the basic materials company's stock worth $35,000 after buying an additional 1,823 shares during the period. Luminist Capital LLC purchased a new stake in Coeur Mining during the second quarter valued at about $40,000. Focus Partners Wealth purchased a new stake in Coeur Mining during the first quarter valued at about $60,000. Finally, Bogart Wealth LLC acquired a new position in shares of Coeur Mining in the third quarter worth about $62,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CDE shares. Canaccord Genuity Group downgraded shares of Coeur Mining from a "buy" rating to a "hold" rating in a research report on Friday, February 20th. Royal Bank Of Canada raised their price objective on shares of Coeur Mining from $22.00 to $26.00 and gave the stock an "outperform" rating in a research note on Thursday, February 12th. Zacks Research cut shares of Coeur Mining from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 20th. TD Securities boosted their target price on shares of Coeur Mining from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Tuesday, November 11th. Finally, Wall Street Zen upgraded Coeur Mining from a "hold" rating to a "buy" rating in a report on Sunday, December 21st. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Coeur Mining presently has an average rating of "Moderate Buy" and a consensus price target of $20.88.

Coeur Mining Trading Up 0.3%

NYSE:CDE opened at $22.70 on Monday. The stock has a market cap of $14.58 billion, a PE ratio of 26.09 and a beta of 1.16. Coeur Mining, Inc. has a fifty-two week low of $4.58 and a fifty-two week high of $27.77. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.47 and a quick ratio of 1.66. The stock's 50-day moving average is $22.30 and its two-hundred day moving average is $18.66.

Coeur Mining (NYSE:CDE - Get Free Report) last posted 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 company had revenue of $674.85 million during the quarter, compared to analysts' expectations of $668.70 million. Coeur Mining had a return on equity of 18.75% and a net margin of 28.31%.Coeur Mining's revenue for the quarter was up 120.9% compared to the same quarter last year. During the same period last year, the company earned $0.11 earnings per share. As a group, equities research analysts forecast that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Coeur Mining Company 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.

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