Rothschild Investment Corp IL bought a new position in Coeur Mining, Inc. (NYSE:CDE) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 81,875 shares of the basic materials company’s stock, valued at approximately $752,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Teacher Retirement System of Texas raised its position in shares of Coeur Mining by 1.3% during the second quarter. Teacher Retirement System of Texas now owns 14,587 shares of the basic materials company’s stock valued at $125,000 after buying an additional 182 shares during the last quarter. Virtu KCG Holdings LLC increased its holdings in shares of Coeur Mining by 1.7% during the second quarter. Virtu KCG Holdings LLC now owns 34,538 shares of the basic materials company’s stock worth $293,000 after buying an additional 569 shares in the last quarter. Suntrust Banks Inc. increased its holdings in shares of Coeur Mining by 2.8% during the second quarter. Suntrust Banks Inc. now owns 22,566 shares of the basic materials company’s stock worth $193,000 after buying an additional 619 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Coeur Mining by 0.7% during the second quarter. Principal Financial Group Inc. now owns 99,301 shares of the basic materials company’s stock worth $852,000 after buying an additional 663 shares in the last quarter. Finally, Nationwide Fund Advisors increased its holdings in shares of Coeur Mining by 0.8% during the second quarter. Nationwide Fund Advisors now owns 106,748 shares of the basic materials company’s stock worth $916,000 after buying an additional 840 shares in the last quarter. Hedge funds and other institutional investors own 67.93% of the company’s stock.
Several analysts have recently commented on CDE shares. Royal Bank Of Canada reissued a “buy” rating on shares of Coeur Mining in a research note on Wednesday, September 27th. Raymond James Financial, Inc. increased their target price on shares of Coeur Mining from $9.50 to $12.50 and gave the stock a “market perform” rating in a report on Friday, September 15th. Noble Financial reiterated a “hold” rating on shares of Coeur Mining in a report on Tuesday, October 31st. BidaskClub lowered shares of Coeur Mining from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, Zacks Investment Research upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $10.91.
In related news, COO Frank L. Jr. Hanagarne sold 28,800 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $8.50, for a total transaction of $244,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Mark Spurbeck sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $7.42, for a total transaction of $111,300.00. The disclosure for this sale can be found here. Insiders sold a total of 83,610 shares of company stock valued at $708,955 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.
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Shares of Coeur Mining, Inc. (NYSE:CDE) traded up $0.01 during mid-day trading on Tuesday, hitting $7.18. 1,798,300 shares of the company traded hands, compared to its average volume of 3,206,728. The company has a quick ratio of 2.51, a current ratio of 3.68 and a debt-to-equity ratio of 0.36. Coeur Mining, Inc. has a 1-year low of $7.09 and a 1-year high of $12.30.
Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, October 25th. The basic materials company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.17). The business had revenue of $176.00 million during the quarter, compared to the consensus estimate of $185.09 million. Coeur Mining had a negative net margin of 2.41% and a negative return on equity of 1.37%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 EPS. research analysts forecast that Coeur Mining, Inc. will post -0.05 EPS for the current year.
Coeur Mining Profile
Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.
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