BlackRock Inc. boosted its holdings in shares of Coeur Mining Inc (NYSE:CDE) by 0.2% during the 1st quarter, Holdings Channel reports. The firm owned 11,992,540 shares of the basic materials company’s stock after purchasing an additional 28,972 shares during the quarter. BlackRock Inc. owned approximately 0.06% of Coeur Mining worth $95,938,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Teachers Advisors LLC increased its holdings in Coeur Mining by 0.6% during the 4th quarter. Teachers Advisors LLC now owns 1,161,397 shares of the basic materials company’s stock worth $8,710,000 after purchasing an additional 6,563 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Coeur Mining by 4.1% in the 4th quarter. California Public Employees Retirement System now owns 207,700 shares of the basic materials company’s stock worth $1,558,000 after acquiring an additional 8,100 shares in the last quarter. Northern Trust Corp grew its position in shares of Coeur Mining by 0.4% in the 1st quarter. Northern Trust Corp now owns 2,466,725 shares of the basic materials company’s stock worth $19,734,000 after acquiring an additional 10,658 shares in the last quarter. AGF Investments Inc. grew its position in shares of Coeur Mining by 3.7% in the 1st quarter. AGF Investments Inc. now owns 304,400 shares of the basic materials company’s stock worth $2,435,000 after acquiring an additional 11,000 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Coeur Mining by 25.6% in the 1st quarter. SG Americas Securities LLC now owns 54,453 shares of the basic materials company’s stock worth $436,000 after acquiring an additional 11,082 shares in the last quarter. Institutional investors own 71.27% of the company’s stock.
In related news, CAO Kenneth J. Watkinson sold 7,274 shares of the business’s stock in a transaction that occurred on Wednesday, May 9th. The stock was sold at an average price of $8.17, for a total transaction of $59,428.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Frank L. Jr. Hanagarne sold 5,267 shares of the business’s stock in a transaction that occurred on Wednesday, April 11th. The shares were sold at an average price of $8.50, for a total value of $44,769.50. The disclosure for this sale can be found here. Insiders have sold a total of 22,541 shares of company stock valued at $182,998 in the last 90 days. Insiders own 1.32% of the company’s stock.
Several research analysts have recently commented on CDE shares. Canaccord Genuity lowered Coeur Mining from a “buy” rating to a “hold” rating and lifted their target price for the stock from $7.86 to $8.50 in a research report on Tuesday, March 6th. Raymond James reiterated an “outperform” rating and issued a $9.50 target price on shares of Coeur Mining in a research report on Friday, March 23rd. Zacks Investment Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 26th. Finally, Roth Capital reiterated a “neutral” rating and issued a $9.00 target price (down previously from $11.00) on shares of Coeur Mining in a research report on Friday, April 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.70.
Shares of Coeur Mining opened at $7.60 on Friday, according to Marketbeat.com. The company has a market capitalization of $1.39 billion, a PE ratio of 380.00 and a beta of 0.62. The company has a quick ratio of 1.25, a current ratio of 2.05 and a debt-to-equity ratio of 0.49. Coeur Mining Inc has a 52 week low of $6.71 and a 52 week high of $9.87.
Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, April 25th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.02. Coeur Mining had a negative return on equity of 0.77% and a negative net margin of 2.58%. The business had revenue of $163.30 million during the quarter, compared to analyst estimates of $167.12 million. During the same quarter in the previous year, the firm posted $0.04 EPS. The business’s revenue for the quarter was down 12.0% compared to the same quarter last year. equities analysts expect that Coeur Mining Inc will post -0.04 earnings per share for the current year.
Coeur Mining Profile
Coeur Mining, Inc owns, operates, explores for, and develops silver and gold properties. It holds interests in the Palmarejo silver-gold complex located in Mexico; the Silvertip silver-zinc-lead mine located in British Columbia; the Rochester silver-gold mine located in Nevada; the Kensington gold mine located in Alaska; and the Wharf gold mine located in South Dakota.
Want to see what other hedge funds are holding CDE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coeur Mining Inc (NYSE:CDE).
Receive News & Ratings for Coeur Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coeur Mining and related companies with MarketBeat.com's FREE daily email newsletter.