MetLife Investment Advisors LLC bought a new position in shares of Coeur Mining Inc (NYSE:CDE) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 85,970 shares of the basic materials company’s stock, valued at approximately $645,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. TIAA CREF Investment Management LLC boosted its position in shares of Coeur Mining by 4.5% during the 4th quarter. TIAA CREF Investment Management LLC now owns 849,116 shares of the basic materials company’s stock worth $6,368,000 after purchasing an additional 36,408 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Coeur Mining by 0.6% in the 4th quarter. Teachers Advisors LLC now owns 1,161,397 shares of the basic materials company’s stock worth $8,710,000 after buying an additional 6,563 shares in the last quarter. Raymond James & Associates purchased a new stake in shares of Coeur Mining in the 4th quarter worth about $133,000. Two Sigma Advisers LP boosted its position in shares of Coeur Mining by 7.9% in the 4th quarter. Two Sigma Advisers LP now owns 279,227 shares of the basic materials company’s stock worth $2,094,000 after buying an additional 20,400 shares in the last quarter. Finally, Stone Ridge Asset Management LLC purchased a new stake in shares of Coeur Mining in the 4th quarter worth about $180,000. Institutional investors own 75.10% of the company’s stock.
Several equities research analysts recently commented on CDE shares. Raymond James Financial reiterated an “outperform” rating and issued a $9.50 price objective on shares of Coeur Mining in a research report on Friday, March 23rd. Noble Financial reiterated a “hold” rating on shares of Coeur Mining in a research report on Thursday, January 11th. Canaccord Genuity lowered shares of Coeur Mining from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $7.86 to $8.50 in a research report on Tuesday, March 6th. BMO Capital Markets set a $10.00 price objective on shares of Coeur Mining and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Finally, Zacks Investment Research lowered shares of Coeur Mining from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $9.80.
Coeur Mining stock opened at $8.40 on Tuesday. Coeur Mining Inc has a 52 week low of $6.71 and a 52 week high of $9.98. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.39 and a current ratio of 1.97. The stock has a market capitalization of $1,602.22, a P/E ratio of 420.00 and a beta of 0.54.
Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, February 7th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.08. The company had revenue of $214.60 million for the quarter, compared to analyst estimates of $228.64 million. Coeur Mining had a negative net margin of 0.17% and a positive return on equity of 1.51%. The firm’s quarterly revenue was up 54.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. analysts forecast that Coeur Mining Inc will post 0.07 EPS for the current fiscal year.
In other Coeur Mining news, COO Frank L. Jr. Hanagarne sold 5,267 shares of the company’s stock in a transaction dated Wednesday, April 11th. The shares were sold at an average price of $8.50, for a total value of $44,769.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Hans John Rasmussen sold 10,000 shares of the company’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $8.15, for a total transaction of $81,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,267 shares of company stock worth $205,970. 1.32% of the stock is owned by insiders.
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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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