Coeur Mining, Inc. (NYSE:CDE) Shares Purchased by Sigma Planning Corp

Posted by on Feb 25th, 2023

Sigma Planning Corp increased its holdings in shares of Coeur Mining, Inc. (NYSE:CDE – Get Rating) by 56.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,876 shares of the basic materials company’s stock after purchasing an additional 12,526 shares during the period. Sigma Planning Corp’s holdings in Coeur Mining were worth $119,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. CWM LLC lifted its stake in shares of Coeur Mining by 17.8% in the 3rd quarter. CWM LLC now owns 17,089 shares of the basic materials company’s stock worth $58,000 after acquiring an additional 2,577 shares during the period. Profund Advisors LLC lifted its stake in shares of Coeur Mining by 12.3% in the 3rd quarter. Profund Advisors LLC now owns 27,217 shares of the basic materials company’s stock worth $93,000 after acquiring an additional 2,978 shares during the period. Raymond James & Associates lifted its stake in shares of Coeur Mining by 6.4% in the 1st quarter. Raymond James & Associates now owns 50,555 shares of the basic materials company’s stock worth $225,000 after acquiring an additional 3,050 shares during the period. American International Group Inc. lifted its stake in shares of Coeur Mining by 2.6% in the 2nd quarter. American International Group Inc. now owns 130,408 shares of the basic materials company’s stock worth $396,000 after acquiring an additional 3,343 shares during the period. Finally, Mackenzie Financial Corp lifted its stake in shares of Coeur Mining by 23.6% in the 2nd quarter. Mackenzie Financial Corp now owns 17,877 shares of the basic materials company’s stock worth $54,000 after acquiring an additional 3,415 shares during the period. Institutional investors and hedge funds own 64.76% of the company’s stock.

Coeur Mining Stock Performance

Shares of NYSE CDE opened at $2.94 on Friday. The company has a market cap of $825.96 million, a PE ratio of -10.14 and a beta of 1.49. Coeur Mining, Inc. has a 12 month low of $2.54 and a 12 month high of $5.39. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.73 and a quick ratio of 1.18. The company has a 50-day simple moving average of $3.60 and a 200-day simple moving average of $3.42.

Coeur Mining (NYSE:CDE – Get Rating) last issued its quarterly earnings results on Wednesday, February 22nd. The basic materials company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. Coeur Mining had a negative net margin of 9.95% and a negative return on equity of 10.37%. The business had revenue of $210.12 million during the quarter, compared to the consensus estimate of $204.82 million. During the same period in the previous year, the firm posted ($0.05) earnings per share. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities analysts anticipate that Coeur Mining, Inc. will post -0.13 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on CDE shares. Cormark reduced their target price on shares of Coeur Mining to $3.00 in a research note on Wednesday, November 16th. Canaccord Genuity Group upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating and raised their target price for the company from $3.00 to $4.00 in a report on Thursday, January 19th. Raymond James raised their target price on shares of Coeur Mining from $4.00 to $4.25 and gave the company a “market perform” rating in a report on Tuesday, January 31st. Finally, BMO Capital Markets dropped their target price on shares of Coeur Mining from $3.75 to $3.50 and set a “market perform” rating for the company in a report on Friday, December 16th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, Coeur Mining presently has an average rating of “Hold” and a consensus price target of $3.65.

About Coeur Mining

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Coeur Mining, Inc engages in the exploration and development of silver and gold mining properties and mines located in United States, Canada and Mexico. The company operates through the following segments: Palmarejo, Rochester, Kensington, Wharf, and Silvertip. Coeur Mining was founded in 1928 and is headquartered in Chicago, IL.

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Institutional Ownership by Quarter for Coeur Mining (NYSE:CDE)

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