Advisor Group Inc. lessened its stake in Coeur Mining Inc (NYSE:CDE) by 10.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 70,086 shares of the basic materials company’s stock after selling 8,371 shares during the quarter. Advisor Group Inc.’s holdings in Coeur Mining were worth $313,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of CDE. Vanguard Group Inc. grew its position in Coeur Mining by 2.5% in the third quarter. Vanguard Group Inc. now owns 16,704,201 shares of the basic materials company’s stock worth $89,033,000 after acquiring an additional 404,798 shares in the last quarter. Vanguard Group Inc lifted its stake in Coeur Mining by 2.5% in the third quarter. Vanguard Group Inc now owns 16,704,201 shares of the basic materials company’s stock worth $89,033,000 after purchasing an additional 404,798 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Coeur Mining by 18.1% in the third quarter. Dimensional Fund Advisors LP now owns 14,160,028 shares of the basic materials company’s stock worth $75,472,000 after purchasing an additional 2,166,396 shares during the last quarter. BlackRock Inc. lifted its stake in Coeur Mining by 7.1% in the fourth quarter. BlackRock Inc. now owns 13,712,933 shares of the basic materials company’s stock worth $61,297,000 after purchasing an additional 914,807 shares during the last quarter. Finally, Macquarie Group Ltd. bought a new stake in Coeur Mining in the third quarter worth $22,235,000. 67.22% of the stock is currently owned by institutional investors.
Several analysts have weighed in on CDE shares. Zacks Investment Research raised shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 21st. B. Riley initiated coverage on shares of Coeur Mining in a research note on Friday, March 1st. They set a “buy” rating and a $6.25 price objective for the company. Raymond James reaffirmed an “outperform” rating and set a $6.50 price objective on shares of Coeur Mining in a research note on Friday, February 22nd. BMO Capital Markets set a $6.00 price objective on shares of Coeur Mining and gave the company a “hold” rating in a research note on Friday, April 12th. Finally, Noble Financial set a $7.00 price objective on shares of Coeur Mining and gave the company a “buy” rating in a research note on Friday, February 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Coeur Mining has a consensus rating of “Buy” and an average target price of $7.58.
Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, February 20th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.20. Coeur Mining had a negative net margin of 7.74% and a negative return on equity of 0.22%. The company had revenue of $143.80 million for the quarter, compared to analysts’ expectations of $152.25 million. During the same quarter in the previous year, the company earned $0.08 earnings per share. Coeur Mining’s quarterly revenue was down 33.0% on a year-over-year basis. Research analysts anticipate that Coeur Mining Inc will post -0.02 earnings per share for the current year.
In related news, SVP Hans John Rasmussen sold 7,500 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $4.78, for a total transaction of $35,850.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.88% of the stock is owned by insiders.
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About Coeur Mining
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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