Parametrica Management Ltd Acquires Shares of 17,405 Coeur Mining, Inc. (CDE)

Parametrica Management Ltd acquired a new stake in Coeur Mining, Inc. (NYSE:CDE) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 17,405 shares of the basic materials company’s stock, valued at approximately $160,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. UBS Asset Management Americas Inc. grew its position in shares of Coeur Mining by 68.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 116,890 shares of the basic materials company’s stock worth $944,000 after buying an additional 47,441 shares during the period. Wellington Management Group LLP grew its position in shares of Coeur Mining by 214.6% during the 1st quarter. Wellington Management Group LLP now owns 491,768 shares of the basic materials company’s stock worth $3,973,000 after buying an additional 335,458 shares during the period. Legal & General Group Plc grew its position in shares of Coeur Mining by 30.5% during the 1st quarter. Legal & General Group Plc now owns 76,038 shares of the basic materials company’s stock worth $610,000 after buying an additional 17,755 shares during the period. Geode Capital Management LLC grew its position in shares of Coeur Mining by 7.6% during the 1st quarter. Geode Capital Management LLC now owns 1,392,469 shares of the basic materials company’s stock worth $11,251,000 after buying an additional 98,293 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Coeur Mining by 19.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,814,259 shares of the basic materials company’s stock worth $22,738,000 after buying an additional 453,663 shares during the period. Hedge funds and other institutional investors own 67.64% of the company’s stock.

In other news, VP Mark Spurbeck sold 9,500 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $9.25, for a total value of $87,875.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Frank L. Jr. Hanagarne sold 28,800 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $8.50, for a total transaction of $244,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,610 shares of company stock worth $708,955. Insiders own 1.30% of the company’s stock.

Coeur Mining, Inc. (NYSE CDE) opened at $7.40 on Monday. 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 one year low of $7.30 and a one year high of $12.30.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, October 25th. The basic materials company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.17). Coeur Mining had a negative net margin of 2.41% and a negative return on equity of 1.37%. The company had revenue of $176.00 million during the quarter, compared to the consensus estimate of $185.09 million. During the same period in the previous year, the firm posted $0.23 EPS. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. equities analysts forecast that Coeur Mining, Inc. will post -0.05 EPS for the current year.

Several equities research analysts have recently commented on the stock. Noble Financial reiterated a “hold” rating on shares of Coeur Mining in a research report on Wednesday, September 13th. BMO Capital Markets reiterated a “buy” rating on shares of Coeur Mining in a research report on Wednesday, September 13th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Coeur Mining in a research report on Thursday, September 7th. Raymond James Financial, Inc. reiterated a “market perform” rating and set a $9.50 price target on shares of Coeur Mining in a research report on Thursday, September 7th. Finally, Roth Capital set a $13.00 price target on shares of Coeur Mining and gave the stock a “buy” rating in a research report on Thursday, October 5th. Three equities research 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’s stock. Coeur Mining currently has an average rating of “Hold” and a consensus target price of $10.91.

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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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Institutional Ownership by Quarter for Coeur Mining (NYSE:CDE)

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