Landscape Capital Management L.L.C. bought a new stake in Coeur Mining Inc (NYSE:CDE) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 70,300 shares of the basic materials company’s stock, valued at approximately $527,000.
A number of other institutional investors also recently modified their holdings of CDE. The Manufacturers Life Insurance Company increased its holdings in Coeur Mining by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 138,812 shares of the basic materials company’s stock valued at $1,191,000 after buying an additional 1,038 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Coeur Mining by 83.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 20,380 shares of the basic materials company’s stock valued at $175,000 after buying an additional 9,300 shares in the last quarter. First Trust Advisors LP purchased a new position in Coeur Mining in the third quarter valued at about $189,000. Canada Pension Plan Investment Board increased its holdings in Coeur Mining by 18.2% in the third quarter. Canada Pension Plan Investment Board now owns 388,800 shares of the basic materials company’s stock valued at $3,573,000 after buying an additional 59,900 shares in the last quarter. Finally, Alps Advisors Inc. increased its holdings in Coeur Mining by 8.3% in the third quarter. Alps Advisors Inc. now owns 1,590,488 shares of the basic materials company’s stock valued at $14,617,000 after buying an additional 122,404 shares in the last quarter. 74.31% of the stock is owned by institutional investors.
In other news, COO Frank L. Jr. Hanagarne sold 5,684 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $8.50, for a total transaction of $48,314.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Peter C. Mitchell sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $7.97, for a total transaction of $79,700.00. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
A number of research analysts have issued reports on CDE shares. BMO Capital Markets set a $10.00 target price on shares of Coeur Mining and gave the company a “buy” rating in a report on Tuesday, February 27th. Royal Bank of Canada set a $10.00 target price on shares of Coeur Mining and gave the company a “buy” rating in a report on Tuesday, December 5th. Canaccord Genuity cut shares of Coeur Mining from a “buy” rating to a “hold” rating and increased their target price for the company from $7.86 to $8.50 in a report on Tuesday. Noble Financial reaffirmed a “hold” rating on shares of Coeur Mining in a report on Thursday, January 11th. Finally, Zacks Investment Research raised shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 2nd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $9.67.
Coeur Mining Inc (NYSE CDE) opened at $8.18 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.39 and a current ratio of 1.97. Coeur Mining Inc has a 12 month low of $6.71 and a 12 month high of $10.24. The firm has a market cap of $1,489.10, a P/E ratio of -818.00 and a beta of 0.58.
Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $0.08 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.08. Coeur Mining had a negative net margin of 0.17% and a positive return on equity of 1.51%. The business had revenue of $214.60 million during the quarter, compared to analysts’ expectations of $228.64 million. During the same period last year, the company posted $0.34 EPS. The company’s revenue was up 54.2% on a year-over-year basis. research analysts predict that Coeur Mining Inc will post 0.19 earnings per share for the current year.
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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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