Guggenheim Capital LLC lowered its stake in Coeur Mining Inc (NYSE:CDE) by 26.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 357,296 shares of the basic materials company’s stock after selling 131,206 shares during the period. Guggenheim Capital LLC owned about 0.20% of Coeur Mining worth $3,247,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. BlackRock Advisors LLC increased its stake in Coeur Mining by 34.9% in the third quarter. BlackRock Advisors LLC now owns 225,433 shares of the basic materials company’s stock worth $2,667,000 after buying an additional 58,331 shares during the period. Quantbot Technologies LP increased its stake in Coeur Mining by 163.7% in the third quarter. Quantbot Technologies LP now owns 102,872 shares of the basic materials company’s stock worth $1,216,000 after buying an additional 63,865 shares during the period. Sloane Robinson LLP increased its stake in Coeur Mining by 36.9% in the third quarter. Sloane Robinson LLP now owns 133,600 shares of the basic materials company’s stock worth $1,913,000 after buying an additional 36,000 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in Coeur Mining by 6.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 122,192 shares of the basic materials company’s stock worth $1,111,000 after buying an additional 7,369 shares during the period. Finally, New York State Common Retirement Fund increased its stake in Coeur Mining by 30.5% in the third quarter. New York State Common Retirement Fund now owns 166,200 shares of the basic materials company’s stock worth $1,966,000 after buying an additional 38,800 shares during the period. Institutional investors and hedge funds own 61.10% of the company’s stock.
Shares of Coeur Mining Inc (NYSE:CDE) traded up 0.11% during mid-day trading on Friday, reaching $9.36. 3,156,608 shares of the company’s stock traded hands. Coeur Mining Inc has a 52 week low of $6.70 and a 52 week high of $16.41. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 27.53 and a beta of 0.93. The company’s 50 day moving average is $8.32 and its 200-day moving average is $9.84.
Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, February 8th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by $0.10. Coeur Mining had a return on equity of 8.59% and a net margin of 8.31%. The company had revenue of $159.20 million for the quarter, compared to analysts’ expectations of $189.85 million. During the same quarter last year, the business posted ($0.27) EPS. The business’s quarterly revenue was down 3.0% on a year-over-year basis. Equities analysts expect that Coeur Mining Inc will post $0.34 earnings per share for the current fiscal year.
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A number of brokerages have recently commented on CDE. Roth Capital set a $14.00 price objective on Coeur Mining and gave the company a “buy” rating in a research report on Wednesday, January 18th. Raymond James Financial, Inc. reiterated an “outperform” rating and set a $11.75 price objective on shares of Coeur Mining in a research report on Thursday, February 9th. Zacks Investment Research downgraded Coeur Mining from a “hold” rating to a “sell” rating in a research report on Thursday, February 9th. TheStreet upgraded Coeur Mining from a “d” rating to a “c” rating in a research report on Thursday, February 9th. Finally, Deutsche Bank AG cut their price objective on Coeur Mining from $10.50 to $9.00 and set a “hold” rating for the company in a research report on Tuesday, March 21st. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $12.19.
In other news, CFO Peter C. Mitchell sold 10,000 shares of Coeur Mining stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $8.72, for a total value of $87,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.53% of the stock is owned by company insiders.
Coeur Mining Company 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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