Campbell & CO Investment Adviser LLC lowered its stake in Coeur Mining Inc (NYSE:CDE) by 28.0% during the third quarter, Holdings Channel reports. The fund owned 13,803 shares of the company’s stock after selling 5,358 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Coeur Mining were worth $163,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Van ECK Associates Corp raised its position in shares of Coeur Mining by 149.6% in the second quarter. Van ECK Associates Corp now owns 21,020,524 shares of the company’s stock valued at $224,079,000 after buying an additional 12,598,170 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Coeur Mining by 2.8% in the second quarter. Vanguard Group Inc. now owns 10,965,958 shares of the company’s stock valued at $116,897,000 after buying an additional 293,836 shares in the last quarter. GMT Capital Corp raised its stake in shares of Coeur Mining by 23.8% in the second quarter. GMT Capital Corp now owns 6,536,489 shares of the company’s stock valued at $69,679,000 after buying an additional 1,258,405 shares in the last quarter. State Street Corp raised its stake in shares of Coeur Mining by 10.3% in the first quarter. State Street Corp now owns 6,231,980 shares of the company’s stock valued at $35,027,000 after buying an additional 582,163 shares in the last quarter. Finally, BlackRock Fund Advisors raised its stake in shares of Coeur Mining by 16.5% in the second quarter. BlackRock Fund Advisors now owns 3,875,730 shares of the company’s stock valued at $41,315,000 after buying an additional 549,240 shares in the last quarter. 64.46% of the stock is owned by institutional investors.
Shares of Coeur Mining Inc (NYSE:CDE) traded up 0.84% during trading on Friday, hitting $9.55. The company had a trading volume of 2,056,915 shares. The company’s market capitalization is $1.63 billion. Coeur Mining Inc has a 52 week low of $1.62 and a 52 week high of $16.41. The stock’s 50-day moving average price is $10.68 and its 200 day moving average price is $11.48.
Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, October 26th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.13. The company had revenue of $176.25 million for the quarter, compared to the consensus estimate of $183.60 million. Coeur Mining had a positive return on equity of 1.35% and a negative net margin of 35.68%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.16) EPS. On average, equities research analysts forecast that Coeur Mining Inc will post $0.40 earnings per share for the current year.
Several analysts have issued reports on CDE shares. CIBC raised Coeur Mining from a “sector underperform” rating to a “sector perform” rating in a research note on Tuesday, August 30th. Vetr lowered Coeur Mining from a “strong-buy” rating to a “hold” rating and set a $11.10 target price for the company. in a research note on Thursday, October 6th. Canaccord Genuity started coverage on Coeur Mining in a research note on Tuesday, October 25th. They issued a “buy” rating and a $13.00 target price for the company. RBC Capital Markets reaffirmed an “outperform” rating and issued a $18.00 target price (down previously from $19.00) on shares of Coeur Mining in a research note on Friday, November 18th. Finally, Zacks Investment Research raised Coeur Mining from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Tuesday, October 18th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Coeur Mining presently has an average rating of “Buy” and an average price target of $11.19.
In other Coeur Mining news, CFO Peter C. Mitchell sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $11.04, for a total transaction of $110,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.53% of the company’s stock.
About Coeur Mining
Coeur Mining, Inc is a gold and silver producer. The Company’s segments include Palmarejo complex, Rochester, Kensington, Wharf and San Bartolome mines, and Coeur Capital. The Company also a non-operating interest in the Endeavor mine in Australia in addition to royalties on the El Gallo complex in Mexico, the Zaruma mine in Ecuador, and the Correnso mine in New Zealand.
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