Universal Beteiligungs und Servicegesellschaft mbH Lowers Stock Position in Coeur Mining, Inc. $CDE

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH cut its stake in Coeur Mining by 7.7% in Q4, selling 130,675 shares and leaving it with 1,555,993 shares worth about $28.1 million (≈0.24% of the company).
• Coeur Mining missed EPS expectations (Q: $0.35 vs. $0.43 estimate) while reporting revenue of $674.85M (+120.9% YoY); the stock trades near $18.86 and carries a consensus "Moderate Buy" with a $24.67 price target.

Universal Beteiligungs und Servicegesellschaft mbH decreased its holdings in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,555,993 shares of the basic materials company's stock after selling 130,675 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.24% of Coeur Mining worth $28,106,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CDE. EverSource Wealth Advisors LLC grew its position in Coeur Mining by 74.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company's stock worth $30,000 after purchasing an additional 1,435 shares during the last quarter. Covestor Ltd raised its holdings in shares of Coeur Mining by 7,011.5% in the third quarter. Covestor Ltd now owns 1,849 shares of the basic materials company's stock valued at $35,000 after buying an additional 1,823 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in shares of Coeur Mining during the third quarter worth about $35,000. Lodestone Wealth Management LLC purchased a new position in shares of Coeur Mining during the fourth quarter worth about $36,000. Finally, Sound Income Strategies LLC grew its holdings in shares of Coeur Mining by 99.2% during the fourth quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company's stock worth $36,000 after buying an additional 996 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.

Coeur Mining Trading Down 2.5%

Shares of Coeur Mining stock opened at $18.86 on Friday. The company has a 50-day moving average of $20.95 and a two-hundred day moving average of $19.54. Coeur Mining, Inc. has a 12-month low of $5.21 and a 12-month high of $27.77. The company has a current ratio of 2.47, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. The stock has a market cap of $12.10 billion, a PE ratio of 21.67 and a beta of 1.33.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.08). Coeur Mining had a return on equity of 18.75% and a net margin of 28.31%.The firm had revenue of $674.85 million for the quarter, compared to analysts' expectations of $668.70 million. During the same period last year, the firm earned $0.11 EPS. Coeur Mining's revenue was up 120.9% compared to the same quarter last year. On average, research analysts anticipate that Coeur Mining, Inc. will post 1.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Canadian Imperial Bank of Commerce initiated coverage on Coeur Mining in a research note on Tuesday, March 10th. They set an "outperform" rating and a $40.00 price objective for the company. Roth Mkm reissued a "buy" rating and issued a $29.00 target price on shares of Coeur Mining in a report on Thursday, February 19th. Zacks Research cut Coeur Mining from a "hold" rating to a "strong sell" rating in a research note on Wednesday, April 1st. BMO Capital Markets assumed coverage on Coeur Mining in a report on Wednesday, March 25th. They set an "outperform" rating and a $27.00 price target for the company. Finally, Canaccord Genuity Group lowered shares of Coeur Mining from a "buy" rating to a "hold" rating in a research report on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target 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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