Fox Run Management L.L.C. purchased a new position in shares of Coeur Mining, Inc. (NYSE:CDE) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 27,600 shares of the basic materials company’s stock, valued at approximately $254,000.
Other institutional investors have also recently modified their holdings of the company. UBS Group AG lifted its holdings in shares of Coeur Mining by 9.8% during the 1st quarter. UBS Group AG now owns 14,178 shares of the basic materials company’s stock worth $115,000 after acquiring an additional 1,267 shares during the period. Stevens Capital Management LP bought a new stake in shares of Coeur Mining during the 2nd quarter worth approximately $123,000. Teacher Retirement System of Texas lifted its holdings in shares of Coeur Mining by 1.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 14,587 shares of the basic materials company’s stock worth $125,000 after acquiring an additional 182 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Coeur Mining during the 2nd quarter worth approximately $141,000. Finally, Sigma Planning Corp bought a new stake in shares of Coeur Mining during the 2nd quarter worth approximately $143,000. 69.13% of the stock is owned by institutional investors.
In other Coeur Mining 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 value of $244,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mark Spurbeck sold 9,500 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $9.25, for a total transaction of $87,875.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 83,610 shares of company stock valued at $708,955. Corporate insiders own 1.30% of the company’s stock.
A number of brokerages have recently weighed in on CDE. BMO Capital Markets reaffirmed a “buy” rating on shares of Coeur Mining in a report on Wednesday, September 13th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Coeur Mining in a report on Friday, July 14th. Noble Financial reaffirmed a “hold” rating on shares of Coeur Mining in a report on Friday, July 28th. Roth Capital cut their price target on shares of Coeur Mining from $12.50 to $10.00 and set a “buy” rating for the company in a report on Friday, October 27th. Finally, Zacks Investment Research downgraded shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $10.91.
Coeur Mining, Inc. (NYSE:CDE) opened at $7.40 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.68 and a quick ratio of 2.51. Coeur Mining, Inc. has a 52 week low of $7.30 and a 52 week high of $12.30.
Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, October 25th. The basic materials company reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.17). The company 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%. Coeur Mining’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.23 EPS. equities research analysts forecast that Coeur Mining, Inc. will post -0.05 EPS for the current fiscal year.
About Coeur Mining
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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