WINTON GROUP Ltd Makes New $7.79 Million Investment in Coeur Mining, Inc. $CDE

Key Points

• WINTON GROUP Ltd initiated a new stake in Coeur Mining (NYSE:CDE) in Q3, buying 415,257 shares valued at about $7.79 million, equal to roughly 0.06% of the company.
• Analyst sentiment is mixed-but-leaning-positive: Coeur has a consensus rating of Moderate Buy with an average price target of $20.88, and several firms have recently raised price targets (e.g., TD Securities $25, RBC $26, Roth $29).
• Recent results and market snapshot: CDE reported $0.35 EPS (miss) while revenue rose 120.9% YoY to $674.9M; the stock trades around $22.70 with a market cap near $14.6 billion and a 52‑week range of $4.58–$27.77.

WINTON GROUP Ltd bought a new stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 415,257 shares of the basic materials company's stock, valued at approximately $7,790,000. WINTON GROUP Ltd owned about 0.06% of Coeur Mining at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. EverSource Wealth Advisors LLC increased its stake in 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 buying an additional 1,435 shares during the period. Covestor Ltd increased its stake in shares of Coeur Mining by 7,011.5% during the third quarter. Covestor Ltd now owns 1,849 shares of the basic materials company's stock worth $35,000 after acquiring an additional 1,823 shares during the period. Luminist Capital LLC purchased a new position in Coeur Mining during the second quarter worth about $40,000. Focus Partners Wealth acquired a new stake in Coeur Mining in the first quarter valued at about $60,000. Finally, Bogart Wealth LLC purchased a new stake in Coeur Mining in the 3rd quarter valued at approximately $62,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Wall Street Analysts Forecast Growth

CDE has been the topic of several recent analyst reports. Weiss Ratings cut Coeur Mining from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, February 27th. TD Securities lifted their price target on Coeur Mining from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Tuesday, November 11th. Roth Mkm reaffirmed a "buy" rating and set a $29.00 price objective on shares of Coeur Mining in a report on Thursday, February 19th. Royal Bank Of Canada increased their price objective on Coeur Mining from $22.00 to $26.00 and gave the stock an "outperform" rating in a research report on Thursday, February 12th. Finally, TD Cowen raised Coeur Mining to a "strong-buy" rating in a report on Monday, December 1st. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Coeur Mining presently has a consensus rating of "Moderate Buy" and an average price target of $20.88.

Coeur Mining Stock Up 0.3%

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

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings results 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 analysts' expectations of $668.70 million. During the same quarter in the prior year, the business earned $0.11 EPS. The company's quarterly revenue was up 120.9% compared to the same quarter last year. Analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS 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.

Want to see what other hedge funds are holding CDE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coeur Mining, Inc. (NYSE:CDE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.