The Manufacturers Life Insurance Company grew its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 0.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 138,812 shares of the company’s stock after acquiring an additional 1,038 shares during the period. The Manufacturers Life Insurance Company owned about 0.08% of Coeur Mining worth $1,191,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the business. Van ECK Associates Corp grew its holdings in shares of Coeur Mining by 46.8% during the 2nd quarter. Van ECK Associates Corp now owns 18,611,685 shares of the company’s stock worth $159,688,000 after acquiring an additional 5,933,383 shares during the period. GMT Capital Corp grew its holdings in shares of Coeur Mining by 5.1% during the 2nd quarter. GMT Capital Corp now owns 12,348,689 shares of the company’s stock worth $96,690,000 after acquiring an additional 600,900 shares during the period. BlackRock Inc. grew its holdings in shares of Coeur Mining by 1.3% during the 2nd quarter. BlackRock Inc. now owns 11,688,139 shares of the company’s stock worth $100,285,000 after acquiring an additional 149,548 shares during the period. State Street Corp grew its holdings in shares of Coeur Mining by 25.5% during the 1st quarter. State Street Corp now owns 8,767,696 shares of the company’s stock worth $70,842,000 after acquiring an additional 1,780,872 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Coeur Mining by 65.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,654,860 shares of the company’s stock worth $39,939,000 after acquiring an additional 1,840,601 shares during the period. Hedge funds and other institutional investors own 67.64% of the company’s stock.
Shares of Coeur Mining, Inc. (CDE) opened at C$7.17 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.68 and a quick ratio of 2.51. Coeur Mining, Inc. has a 52 week low of C$7.17 and a 52 week high of C$12.30.
Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, October 25th. The company reported C($0.10) EPS for the quarter, missing the consensus estimate of C$0.07 by C($0.17). Coeur Mining had a negative net margin of 2.41% and a negative return on equity of 1.37%. The business had revenue of C$176.00 million for the quarter, compared to analysts’ expectations of C$185.09 million. During the same quarter in the prior year, the business posted $0.23 earnings per share. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. equities research analysts anticipate that Coeur Mining, Inc. will post -0.05 earnings per share for the current year.
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In other news, COO Frank L. Jr. Hanagarne sold 28,800 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of C$8.50, for a total transaction of C$244,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Mark Spurbeck sold 15,000 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of C$7.42, for a total value of C$111,300.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,610 shares of company stock worth $708,955. Company insiders own 1.30% of the company’s stock.
Several analysts recently weighed in on CDE shares. Zacks Investment Research downgraded Coeur Mining from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Canaccord Genuity restated a “buy” rating and issued a $11.75 price target on shares of Coeur Mining in a research note on Thursday, September 7th. Royal Bank Of Canada restated an “outperform” rating on shares of Coeur Mining in a research note on Thursday, September 7th. Roth Capital set a $13.00 price target on Coeur Mining and gave the stock a “buy” rating in a research note on Thursday, October 5th. Finally, ValuEngine downgraded Coeur Mining from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Coeur Mining has an average rating of “Hold” and an average target price of C$10.91.
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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