Nationwide Fund Advisors Has $1,999,000 Position in Coeur Mining Inc. (CDE)
Nationwide Fund Advisors boosted its position in shares of Coeur Mining Inc. (NYSE:CDE) by 74.1% during the second quarter, Holdings Channel reports. The institutional investor owned 187,555 shares of the company’s stock after buying an additional 79,821 shares during the period. Nationwide Fund Advisors owned about 0.12% of Coeur Mining worth $1,999,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System raised its stake in Coeur Mining by 5.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 97,831 shares of the company’s stock worth $1,043,000 after buying an additional 5,100 shares in the last quarter. Sloane Robinson LLP raised its stake in Coeur Mining by 7.3% in the second quarter. Sloane Robinson LLP now owns 97,600 shares of the company’s stock worth $1,224,000 after buying an additional 6,600 shares in the last quarter. Societe Generale purchased a new stake in Coeur Mining during the second quarter worth approximately $106,000. SG Americas Securities LLC purchased a new stake in Coeur Mining during the second quarter worth approximately $106,000. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Coeur Mining by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,519,905 shares of the company’s stock worth $19,782,000 after buying an additional 17,614 shares in the last quarter. 69.47% of the stock is currently owned by institutional investors.
Coeur Mining Inc. (NYSE:CDE) traded down 0.18% during mid-day trading on Friday, hitting $11.06. 537,777 shares of the stock traded hands. The firm’s 50-day moving average is $12.45 and its 200 day moving average is $10.64. The firm’s market cap is $1.80 billion. Coeur Mining Inc. has a 52-week low of $1.62 and a 52-week high of $16.41.
Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.07. The business had revenue of $182 million for the quarter, compared to analysts’ expectations of $173.92 million. Coeur Mining had a negative net margin of 49.17% and a negative return on equity of 8.38%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.11) earnings per share. Equities analysts predict that Coeur Mining Inc. will post $0.35 EPS for the current fiscal year.
A number of research firms recently issued reports on CDE. Vetr downgraded shares of Coeur Mining from a “strong-buy” rating to a “hold” rating and set a $11.10 target price on the stock. in a research report on Thursday, October 6th. Royal Bank Of Canada began coverage on shares of Coeur Mining in a research report on Tuesday, June 21st. They set a “sector perform” rating and a $9.00 target price on the stock. Deutsche Bank AG upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating and boosted their target price for the company from $7.50 to $11.00 in a research report on Monday, October 3rd. Raymond James Financial Inc. upgraded shares of Coeur Mining from a “market perform” rating to an “outperform” rating in a research report on Monday, June 27th. Finally, Roth Capital set a $16.00 target price on shares of Coeur Mining and gave the company a “buy” rating in a research report on Monday. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $9.01.
In other Coeur Mining news, CFO Peter C. Mitchell sold 16,157 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $15.88, for a total transaction of $256,573.16. Following the completion of the transaction, the chief financial officer now owns 270,260 shares of the company’s stock, valued at $4,291,728.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Peter C. Mitchell sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $12.55, for a total value of $125,500.00. The disclosure for this sale can be found here. 1.53% of the stock is currently owned by corporate insiders.
Coeur Mining Company Profile
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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