Universal Beteiligungs und Servicegesellschaft mbH Has $31.64 Million Stock Holdings in Coeur Mining, Inc. $CDE

Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in Coeur Mining, Inc. (NYSE:CDE) by 6.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,686,668 shares of the basic materials company’s stock after selling 120,122 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Coeur Mining were worth $31,642,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CDE. Huntleigh Advisors Inc. lifted its stake in shares of Coeur Mining by 18.2% in the 3rd quarter. Huntleigh Advisors Inc. now owns 13,000 shares of the basic materials company’s stock valued at $244,000 after purchasing an additional 2,000 shares during the last quarter. Forvis Mazars Wealth Advisors LLC raised its holdings in Coeur Mining by 17.2% during the third quarter. Forvis Mazars Wealth Advisors LLC now owns 20,664 shares of the basic materials company’s stock valued at $388,000 after buying an additional 3,040 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Coeur Mining by 4.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 92,350 shares of the basic materials company’s stock worth $1,738,000 after buying an additional 4,327 shares during the last quarter. Ritholtz Wealth Management acquired a new stake in shares of Coeur Mining in the third quarter worth about $341,000. Finally, Bogart Wealth LLC bought a new stake in shares of Coeur Mining during the 3rd quarter worth about $62,000. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Up 12.5%

CDE opened at $25.77 on Friday. The business has a 50 day moving average of $17.97 and a 200-day moving average of $15.63. The stock has a market capitalization of $16.55 billion, a price-to-earnings ratio of 39.05 and a beta of 1.24. The company has a current ratio of 2.00, a quick ratio of 1.10 and a debt-to-equity ratio of 0.11. Coeur Mining, Inc. has a 1-year low of $4.58 and a 1-year high of $25.84.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, October 29th. The basic materials company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). Coeur Mining had a net margin of 24.03% and a return on equity of 15.52%. The company had revenue of $554.57 million for the quarter, compared to analyst estimates of $511.20 million. During the same quarter in the previous year, the company earned $0.12 earnings per share. Coeur Mining’s revenue for the quarter was up 76.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

CDE has been the topic of a number of recent analyst reports. TD Securities raised their price objective on Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Zacks Research upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a research note on Monday, December 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Coeur Mining in a report on Monday, December 29th. Finally, Raymond James Financial set a $21.00 target price on shares of Coeur Mining in a research note on Thursday, October 30th. Three investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $18.17.

Coeur Mining 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.