Van ECK Associates Corp Has $118.27 Million Stock Position in Coeur Mining, Inc. (NYSE:CDE)

Van ECK Associates Corp lifted its holdings in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 10.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,279,058 shares of the basic materials company's stock after buying an additional 3,556,959 shares during the quarter. Van ECK Associates Corp owned about 9.48% of Coeur Mining worth $118,269,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Atria Wealth Solutions Inc. acquired a new stake in shares of Coeur Mining during the fourth quarter worth $33,000. Rathbones Group PLC bought a new position in shares of Coeur Mining during the third quarter worth $35,000. Exchange Traded Concepts LLC acquired a new position in shares of Coeur Mining in the 3rd quarter valued at $63,000. Sigma Planning Corp increased its position in shares of Coeur Mining by 35.3% in the 3rd quarter. Sigma Planning Corp now owns 31,670 shares of the basic materials company's stock valued at $70,000 after buying an additional 8,260 shares in the last quarter. Finally, Dubuque Bank & Trust Co bought a new stake in shares of Coeur Mining in the 3rd quarter valued at $95,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on CDE shares. BMO Capital Markets boosted their target price on Coeur Mining from $3.50 to $4.25 and gave the company a "market perform" rating in a research note on Wednesday, April 10th. Roth Mkm initiated coverage on shares of Coeur Mining in a report on Tuesday, April 9th. They set a "buy" rating and a $5.40 target price on the stock. National Bank Financial reaffirmed an "outperform spec market weight" rating on shares of Coeur Mining in a research note on Monday, April 8th. Roth Capital reissued a "buy" rating on shares of Coeur Mining in a research report on Tuesday, April 9th. Finally, Raymond James boosted their price objective on shares of Coeur Mining from $3.75 to $4.00 and gave the company a "market perform" rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Coeur Mining currently has an average rating of "Moderate Buy" and an average price target of $4.21.

Coeur Mining Stock Down 7.9 %

Shares of NYSE:CDE traded down $0.39 during midday trading on Tuesday, reaching $4.52. The company had a trading volume of 9,779,805 shares, compared to its average volume of 7,611,452. The stock has a market cap of $1.76 billion, a PE ratio of -14.58 and a beta of 1.82. The company has a quick ratio of 0.38, a current ratio of 0.92 and a debt-to-equity ratio of 0.51. Coeur Mining, Inc. has a 1-year low of $2.00 and a 1-year high of $5.47. The business's 50 day moving average price is $3.74 and its 200 day moving average price is $3.13.

Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $262.10 million during the quarter. Coeur Mining had a negative net margin of 12.62% and a negative return on equity of 7.79%. Research analysts forecast that Coeur Mining, Inc. will post -0.04 EPS for the current fiscal year.

About Coeur Mining

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.