U S Global Investors Inc. Sells 105,000 Shares of Coeur Mining, Inc. (NYSE:CDE)

U S Global Investors Inc. cut its stake in Coeur Mining, Inc. (NYSE:CDE) by 17.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 481,000 shares of the basic materials company’s stock after selling 105,000 shares during the quarter. U S Global Investors Inc. owned approximately 0.12% of Coeur Mining worth $2,751,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new stake in Coeur Mining during the fourth quarter worth approximately $92,000. Bank of New York Mellon Corp grew its position in Coeur Mining by 0.4% in the fourth quarter. Bank of New York Mellon Corp now owns 1,248,706 shares of the basic materials company’s stock valued at $7,143,000 after acquiring an additional 5,541 shares during the last quarter. Olympiad Research LP raised its stake in Coeur Mining by 75.0% during the fourth quarter. Olympiad Research LP now owns 38,561 shares of the basic materials company’s stock worth $221,000 after acquiring an additional 16,523 shares in the last quarter. Handelsbanken Fonder AB bought a new position in shares of Coeur Mining in the fourth quarter worth about $573,000. Finally, Ieq Capital LLC bought a new position in Coeur Mining in the 4th quarter valued at approximately $186,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Coeur Mining Trading Down 4.5 %

Shares of Coeur Mining stock opened at $5.03 on Friday. Coeur Mining, Inc. has a 12-month low of $2.42 and a 12-month high of $7.72. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 41.88 and a beta of 1.59. The company’s 50-day moving average price is $6.24 and its 200-day moving average price is $6.39.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. The business had revenue of $305.40 million for the quarter, compared to analyst estimates of $314.32 million. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. On average, equities analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. BMO Capital Markets initiated coverage on Coeur Mining in a report on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 target price for the company. Roth Mkm decreased their price target on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a research report on Friday, February 21st. Cantor Fitzgerald raised shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. Raymond James upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and reduced their price target for the company from $8.75 to $8.25 in a research report on Friday, February 21st. Finally, StockNews.com upgraded Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Coeur Mining currently has a consensus rating of “Buy” and a consensus price target of $8.31.

Coeur Mining Company Profile

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.