Donald Smith & CO. Inc. lessened its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 4.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,934,210 shares of the basic materials company’s stock after selling 239,155 shares during the quarter. Coeur Mining accounts for 1.1% of Donald Smith & CO. Inc.’s portfolio, making the stock its 25th biggest holding. Donald Smith & CO. Inc. owned 2.66% of Coeur Mining worth $45,345,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of CDE. Legal & General Group Plc increased its position in Coeur Mining by 30.5% in the first 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 in the last quarter. Geode Capital Management LLC grew its position in shares of Coeur Mining by 7.6% during the first quarter. Geode Capital Management LLC now owns 1,392,469 shares of the basic materials company’s stock worth $11,251,000 after purchasing an additional 98,293 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Coeur Mining by 19.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,814,259 shares of the basic materials company’s stock worth $22,738,000 after purchasing an additional 453,663 shares in the last quarter. UBS Group AG grew its position in shares of Coeur Mining by 9.8% during the first quarter. UBS Group AG now owns 14,178 shares of the basic materials company’s stock worth $115,000 after purchasing an additional 1,267 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of Coeur Mining by 56,698.4% during the first quarter. BlackRock Inc. now owns 11,538,591 shares of the basic materials company’s stock worth $93,231,000 after purchasing an additional 11,518,276 shares in the last quarter. Institutional investors own 69.75% of the company’s stock.
Several research firms recently issued reports on CDE. 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 upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $10.25 to $10.50 in a research report on Tuesday, November 21st. Roth Capital dropped their price target on Coeur Mining from $12.50 to $10.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Finally, Zacks Investment Research lowered Coeur Mining from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Coeur Mining presently has an average rating of “Hold” and an average target price of $10.29.
In related news, CFO Peter C. Mitchell sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $7.67, for a total transaction of $76,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Frank L. Jr. Hanagarne sold 10,310 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $9.29, for a total value of $95,779.90. The disclosure for this sale can be found here. Insiders have sold a total of 54,810 shares of company stock valued at $464,155 over the last three months. 1.30% of the stock is owned by corporate insiders.
Shares of Coeur Mining, Inc. (NYSE CDE) opened at $6.78 on Friday. Coeur Mining, Inc. has a one year low of $6.71 and a one year high of $12.30. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.51 and a current ratio of 3.68.
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 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 business earned $0.23 earnings per share. equities analysts anticipate that Coeur Mining, Inc. will post -0.05 EPS for the current fiscal year.
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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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