Vanguard Group Inc. Trims Holdings in Coeur Mining, Inc. $CDE

Key Points

• Vanguard Group trimmed its stake in Coeur Mining by 5.7% in Q4, selling 3,509,328 shares and leaving it with 58,216,676 shares (about 9.07% of the company) valued at roughly $1.038 billion.
• Several other large funds — including VanEck, Tidal, Mirae, Arrowstreet and UBS — significantly increased their holdings, leaving institutional investors with about 63.01% ownership of CDE.
• Analysts are generally positive with a consensus rating of "Moderate Buy" and a $24.67 target; Coeur recently missed Q EPS estimates ($0.35 vs. $0.43) but reported revenue up 120.9% year‑over‑year and the stock trades near $17.60 (12‑month range $5.21–$27.77).

Vanguard Group Inc. decreased its holdings in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,216,676 shares of the basic materials company's stock after selling 3,509,328 shares during the quarter. Vanguard Group Inc. owned about 9.07% of Coeur Mining worth $1,038,003,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CDE. Van ECK Associates Corp increased its stake in Coeur Mining by 55.8% during 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 acquiring an additional 23,646,265 shares during the last quarter. Tidal Investments LLC increased its stake 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 worth $183,709,000 after acquiring an additional 7,382,955 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 worth $447,567,000 after acquiring an additional 6,352,828 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Coeur Mining by 38.6% during the third 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 during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Coeur Mining by 122.6% during the first 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 last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.

Analyst Ratings Changes

CDE has been the subject of several recent analyst reports. 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 target price for the company. Royal Bank Of Canada raised their target price on Coeur Mining from $22.00 to $26.00 and gave the stock an "outperform" rating in a research note on Thursday, February 12th. BMO Capital Markets initiated coverage on Coeur Mining in a research note on Wednesday, March 25th. They set an "outperform" rating and a $27.00 target price for the company. Zacks Research raised Coeur Mining from a "strong sell" rating to a "hold" rating in a research note on Thursday. Finally, Roth Mkm reaffirmed a "buy" rating and issued a $29.00 price objective on shares of Coeur Mining in a research note on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.67.

Coeur Mining Trading Down 2.0%

Shares of NYSE CDE opened at $17.60 on Friday. Coeur Mining, Inc. has a twelve month low of $5.21 and a twelve 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 fifty day simple moving average of $20.50 and a 200-day simple moving average of $19.48. The stock has a market capitalization of $11.30 billion, a PE ratio of 20.23 and a beta of 1.24.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.08). Coeur Mining had a net margin of 28.31% and a return on equity of 18.75%. The firm had revenue of $674.85 million during the quarter, compared to analyst estimates of $668.70 million. During the same period in the previous year, the firm posted $0.11 earnings per share. The company's quarterly revenue was up 120.9% compared to the same quarter last year. On average, equities analysts forecast that Coeur Mining, Inc. will post 1.42 earnings per share for the current 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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