Coeur Mining, Inc. $CDE Stock Position Lowered by Danske Bank A S

Key Points

• Danske Bank cut its stake in Coeur Mining by 95.0% in Q4, selling 122,714 shares and leaving it with 6,504 shares valued at about $116,000.
• Coeur reported $0.36 EPS (missing estimates by $0.01) and $856.19 million revenue, which beat estimates and rose 137.8% year-over-year.
• Analysts are mostly positive with a consensus rating of "Moderate Buy" and a $24.67 target; the stock was up 9.8% and has a market cap of about $12.07 billion.

Danske Bank A S trimmed its position in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 95.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,504 shares of the basic materials company's stock after selling 122,714 shares during the period. Danske Bank A S's holdings in Coeur Mining were worth $116,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CDE. Van ECK Associates Corp boosted its position in shares of Coeur Mining by 55.8% in the third quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company's stock worth $1,238,201,000 after buying an additional 23,646,265 shares during the period. Tidal Investments LLC raised its position in Coeur Mining by 55.3% during the second quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company's stock valued at $183,709,000 after buying an additional 7,382,955 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Coeur Mining by 36.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,857,511 shares of the basic materials company's stock valued at $447,567,000 after buying an additional 6,352,828 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Coeur Mining by 38.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 14,303,254 shares of the basic materials company's stock worth $268,329,000 after acquiring an additional 3,982,085 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Coeur Mining by 122.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company's stock worth $14,393,000 after acquiring an additional 1,339,138 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Stock Up 9.8%

CDE opened at $18.81 on Thursday. The business has a 50 day moving average of $20.24 and a 200-day moving average of $19.39. The stock has a market capitalization of $12.07 billion, a price-to-earnings ratio of 21.62 and a beta of 1.24. The company has a current ratio of 2.47, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. Coeur Mining, Inc. has a 1-year low of $5.55 and a 1-year high of $27.77.

Coeur Mining (NYSE:CDE - Get Free Report) last released its earnings results on Wednesday, May 6th. The basic materials company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Coeur Mining had a net margin of 28.31% and a return on equity of 18.75%. The company had revenue of $856.19 million for the quarter, compared to analyst estimates of $815.59 million. During the same quarter in the previous year, the company earned $0.11 earnings per share. Coeur Mining's revenue for the quarter was up 137.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Coeur Mining, Inc. will post 1.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada upped their target price on Coeur Mining from $22.00 to $26.00 and gave the company an "outperform" rating in a report on Thursday, February 12th. BMO Capital Markets began coverage on shares of Coeur Mining in a research report on Wednesday, March 25th. They set an "outperform" rating and a $27.00 price objective on the stock. Canadian Imperial Bank of Commerce began coverage on shares of Coeur Mining in a research note on Tuesday, March 10th. They issued an "outperform" rating and a $40.00 price objective on the stock. Zacks Research upgraded shares of Coeur Mining from a "strong sell" rating to a "hold" rating in a research report on Thursday, April 30th. Finally, Weiss Ratings lowered shares of Coeur Mining from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, March 27th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.67.

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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