Bank of Montreal Can lifted its holdings in shares of Coeur Mining Inc (NYSE:CDE) by 3.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 599,972 shares of the basic materials company’s stock after purchasing an additional 19,217 shares during the quarter. Bank of Montreal Can owned 0.29% of Coeur Mining worth $2,605,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. ETF Managers Group LLC grew its holdings in shares of Coeur Mining by 17.0% during the first quarter. ETF Managers Group LLC now owns 500,107 shares of the basic materials company’s stock worth $2,040,000 after purchasing an additional 72,694 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Coeur Mining by 38.6% during the second quarter. First Trust Advisors LP now owns 236,103 shares of the basic materials company’s stock worth $1,025,000 after purchasing an additional 65,788 shares in the last quarter. Aperio Group LLC boosted its stake in Coeur Mining by 53.9% in the second quarter. Aperio Group LLC now owns 206,862 shares of the basic materials company’s stock worth $898,000 after buying an additional 72,406 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Coeur Mining by 18.3% in the second quarter. BNP Paribas Arbitrage SA now owns 470,357 shares of the basic materials company’s stock worth $2,041,000 after buying an additional 72,652 shares in the last quarter. Finally, Great Lakes Advisors LLC boosted its stake in Coeur Mining by 3.7% in the second quarter. Great Lakes Advisors LLC now owns 963,204 shares of the basic materials company’s stock worth $4,180,000 after buying an additional 34,634 shares in the last quarter. 65.86% of the stock is owned by institutional investors.
Shares of CDE opened at $4.77 on Friday. The firm has a market cap of $1.14 billion, a P/E ratio of -477.00 and a beta of 0.87. The stock has a 50 day simple moving average of $5.11 and a two-hundred day simple moving average of $4.24. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.05 and a quick ratio of 0.42. Coeur Mining Inc has a 1 year low of $2.78 and a 1 year high of $5.92.
Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, August 7th. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.01). The firm had revenue of $162.12 million during the quarter, compared to analysts’ expectations of $161.18 million. Coeur Mining had a negative return on equity of 6.00% and a negative net margin of 17.81%. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.01 EPS. On average, equities analysts anticipate that Coeur Mining Inc will post -0.22 earnings per share for the current year.
In other Coeur Mining news, CAO Kenneth J. Watkinson sold 9,891 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $5.48, for a total value of $54,202.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Casey M. Nault sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $5.01, for a total value of $150,300.00. The disclosure for this sale can be found here. Insiders own 1.88% of the company’s stock.
Several analysts have issued reports on the company. B. Riley upped their target price on Coeur Mining from $6.20 to $7.50 and gave the stock a “buy” rating in a research note on Monday. Noble Financial set a $6.00 target price on Coeur Mining and gave the stock a “buy” rating in a research note on Friday, August 9th. Raymond James upped their target price on Coeur Mining from $5.25 to $5.50 and gave the stock an “outperform” rating in a research note on Friday, August 9th. ValuEngine raised Coeur Mining from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Roth Capital reaffirmed a “neutral” rating and issued a $5.25 target price on shares of Coeur Mining in a research note on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $5.79.
Coeur Mining Profile
Coeur Mining, Inc explores for, develops, and produces gold, silver, zinc, and lead properties. It holds interests in the Palmarejo gold and silver complex located in Mexico; the Rochester silver and gold mine situated in Nevada; the Kensington gold mine located in Alaska; the Wharf gold mine situated in South Dakota; and the Silvertip silver-zinc-lead mine located in Canada.
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