Van ECK Associates Corp Has $181.57 Million Holdings in Coeur Mining, Inc. (NYSE:CDE)

Van ECK Associates Corp trimmed its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 7.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,743,580 shares of the basic materials company’s stock after selling 2,726,203 shares during the period. Van ECK Associates Corp owned 0.08% of Coeur Mining worth $181,574,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CDE. Geode Capital Management LLC grew its holdings in shares of Coeur Mining by 1.0% during the third quarter. Geode Capital Management LLC now owns 9,146,107 shares of the basic materials company’s stock worth $62,937,000 after purchasing an additional 89,863 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Coeur Mining by 88.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company’s stock worth $9,761,000 after buying an additional 665,452 shares in the last quarter. Barclays PLC lifted its stake in shares of Coeur Mining by 59.2% during the third quarter. Barclays PLC now owns 962,652 shares of the basic materials company’s stock valued at $6,624,000 after acquiring an additional 358,097 shares during the period. Wellington Management Group LLP boosted its stake in shares of Coeur Mining by 14.1% in the 3rd quarter. Wellington Management Group LLP now owns 932,074 shares of the basic materials company’s stock valued at $6,413,000 after purchasing an additional 114,870 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Coeur Mining by 6.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 853,418 shares of the basic materials company’s stock valued at $5,872,000 after acquiring an additional 50,535 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Performance

CDE stock opened at $7.29 on Thursday. Coeur Mining, Inc. has a 1-year low of $2.42 and a 1-year high of $7.72. The company has a current ratio of 1.09, a quick ratio of 0.39 and a debt-to-equity ratio of 0.53. The firm has a market cap of $2.91 billion, a PE ratio of -242.92 and a beta of 1.59. The business’s 50-day moving average price is $6.37 and its two-hundred day moving average price is $6.37.

Analysts Set New Price Targets

CDE has been the subject of a number of recent analyst reports. Roth Mkm reiterated a “buy” rating and issued a $8.50 price objective (down previously from $9.00) on shares of Coeur Mining in a report on Friday, November 8th. Cantor Fitzgerald upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. Finally, StockNews.com upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Coeur Mining currently has an average rating of “Moderate Buy” and a consensus price target of $7.81.

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.