U S Global Investors Inc. Has $6.33 Million Stock Holdings in Coeur Mining, Inc. $CDE

Key Points

• U S Global Investors trimmed its Coeur Mining position by 25.9% in Q4, selling 124,000 shares and ending the quarter with 355,000 shares valued at about $6.33 million (roughly 0.06% of the company).
• Coeur reported Q4 EPS of $0.35, missing the $0.43 consensus despite revenue rising 120.9% year-over-year; the stock trades with a $12.1 billion market cap and P/E of 21.67, has ~63% institutional ownership, and carries a consensus analyst rating of "Moderate Buy" with an average target of $24.67.

U S Global Investors Inc. cut its position in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 25.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 355,000 shares of the basic materials company's stock after selling 124,000 shares during the period. U S Global Investors Inc. owned 0.06% of Coeur Mining worth $6,330,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Moody Aldrich Partners LLC acquired a new position in shares of Coeur Mining during the 3rd quarter worth about $5,768,000. Precision Wealth Strategies LLC acquired a new position in shares of Coeur Mining during the 3rd quarter worth about $1,169,000. Allspring Global Investments Holdings LLC increased its stake in shares of Coeur Mining by 29.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,368,071 shares of the basic materials company's stock worth $44,709,000 after purchasing an additional 539,615 shares during the last quarter. Sprott Inc. increased its stake in shares of Coeur Mining by 2.0% during the 3rd quarter. Sprott Inc. now owns 9,208,046 shares of the basic materials company's stock worth $172,743,000 after purchasing an additional 176,388 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in Coeur Mining by 55.8% in the 3rd quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company's stock valued at $1,238,201,000 after buying an additional 23,646,265 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Coeur Mining Stock Performance

NYSE CDE opened at $18.86 on Friday. The company has a quick ratio of 1.66, a current ratio of 2.47 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $12.10 billion, a P/E ratio of 21.67 and a beta of 1.33. Coeur Mining, Inc. has a 12-month low of $5.21 and a 12-month high of $27.77. The firm has a 50-day moving average price of $20.95 and a two-hundred day moving average price of $19.54.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $674.85 million during the quarter, compared to the consensus estimate of $668.70 million. Coeur Mining had a net margin of 28.31% and a return on equity of 18.75%. The business's revenue for the quarter was up 120.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 EPS. Analysts anticipate that Coeur Mining, Inc. will post 1.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CDE shares. Zacks Research lowered shares of Coeur Mining from a "hold" rating to a "strong sell" rating in a research note on Wednesday, April 1st. ATB Cormark Capital Markets upgraded shares of Coeur Mining from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, March 24th. Roth Mkm reiterated a "buy" rating and issued a $29.00 price target on shares of Coeur Mining in a research note on Thursday, February 19th. Royal Bank Of Canada upped their price target on shares of Coeur Mining from $22.00 to $26.00 and gave the company an "outperform" rating in a research note on Thursday, February 12th. 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, seven have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Coeur Mining presently has a consensus rating of "Moderate Buy" and an average 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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