Xact Kapitalforvaltning AB purchased a new stake in shares of Coeur Mining Inc (NYSE:CDE) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 22,129 shares of the basic materials company’s stock, valued at approximately $166,000.
Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Coeur Mining by 29.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,029,110 shares of the basic materials company’s stock valued at $55,408,000 after buying an additional 1,374,250 shares during the last quarter. Donald Smith & CO. Inc. lifted its holdings in shares of Coeur Mining by 26.7% during the 4th quarter. Donald Smith & CO. Inc. now owns 6,250,212 shares of the basic materials company’s stock valued at $46,877,000 after buying an additional 1,316,002 shares during the last quarter. Investec Asset Management LTD lifted its holdings in shares of Coeur Mining by 8.4% during the 4th quarter. Investec Asset Management LTD now owns 3,659,068 shares of the basic materials company’s stock valued at $27,443,000 after buying an additional 284,031 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Coeur Mining by 17.3% during the 3rd quarter. New York State Common Retirement Fund now owns 220,347 shares of the basic materials company’s stock valued at $2,025,000 after buying an additional 32,447 shares during the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of Coeur Mining by 45.9% during the 4th quarter. Royce & Associates LP now owns 985,000 shares of the basic materials company’s stock valued at $7,388,000 after buying an additional 310,000 shares during the last quarter. Institutional investors and hedge funds own 75.10% of the company’s stock.
CDE opened at $8.75 on Friday. Coeur Mining Inc has a twelve month low of $6.71 and a twelve month high of $9.98. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.97 and a quick ratio of 1.39. The company has a market capitalization of $1,633.75, a P/E ratio of 125.86 and a beta of 0.54.
Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, February 7th. The basic materials company reported $0.08 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. Coeur Mining had a positive return on equity of 1.51% and a negative net margin of 0.17%. The firm had revenue of $214.60 million during the quarter, compared to analyst estimates of $228.64 million. During the same period in the previous year, the company earned $0.34 EPS. The company’s revenue for the quarter was up 54.2% on a year-over-year basis. equities analysts expect that Coeur Mining Inc will post 0.07 earnings per share for the current year.
Several brokerages have recently issued reports on CDE. Canaccord Genuity upgraded Coeur Mining from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a report on Wednesday, April 4th. Raymond James reiterated an “outperform” rating and set a $9.50 price target on shares of Coeur Mining in a report on Friday, March 23rd. BMO Capital Markets set a $10.00 price target on Coeur Mining and gave the company a “buy” rating in a report on Tuesday, February 27th. ValuEngine lowered Coeur Mining from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, Noble Financial restated a “hold” rating on shares of Coeur Mining in a report on Thursday, January 11th. Three analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. Coeur Mining currently has a consensus rating of “Hold” and an average target price of $9.80.
In related news, COO Frank L. Jr. Hanagarne sold 5,267 shares of the business’s stock in a transaction that occurred on Wednesday, April 11th. The stock was 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Peter C. Mitchell sold 10,000 shares of the business’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 value of $79,700.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,267 shares of company stock valued at $205,970. Corporate insiders own 1.32% of the company’s stock.
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Coeur Mining Company 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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