Shufro Rose & Co. LLC Sells 2,000 Shares of Coeur Mining, Inc. (CDE)
Shufro Rose & Co. LLC lowered its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 4.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,400 shares of the basic materials company’s stock after selling 2,000 shares during the period. Shufro Rose & Co. LLC’s holdings in Coeur Mining were worth $407,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. UBS Group AG raised its position in shares of Coeur Mining by 9.8% in the first quarter. UBS Group AG now owns 14,178 shares of the basic materials company’s stock valued at $115,000 after buying an additional 1,267 shares during the last quarter. Teacher Retirement System of Texas raised its position in Coeur Mining by 8.5% in the first quarter. Teacher Retirement System of Texas now owns 14,405 shares of the basic materials company’s stock worth $116,000 after buying an additional 1,133 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Coeur Mining during the fourth quarter worth approximately $124,000. Sigma Planning Corp purchased a new position in Coeur Mining during the second quarter worth approximately $143,000. Finally, Great West Life Assurance Co. Can raised its position in Coeur Mining by 90.2% in the first quarter. Great West Life Assurance Co. Can now owns 24,041 shares of the basic materials company’s stock worth $194,000 after buying an additional 11,400 shares in the last quarter. 68.28% of the stock is currently owned by hedge funds and other institutional investors.
Coeur Mining, Inc. (NYSE:CDE) opened at 7.61 on Wednesday. The company’s 50-day moving average is $8.21 and its 200-day moving average is $8.82. Coeur Mining, Inc. has a 12 month low of $7.30 and a 12 month high of $15.63. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 19.77 and a beta of 0.57.
Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, July 26th. The basic materials company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). Coeur Mining had a return on equity of 10.44% and a net margin of 9.65%. The company had revenue of $173.40 million during the quarter, compared to the consensus estimate of $174.70 million. During the same quarter in the prior year, the firm posted $0.09 EPS. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that Coeur Mining, Inc. will post $0.15 earnings per share for the current year.
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CDE has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Coeur Mining from a “hold” rating to a “sell” rating in a research report on Thursday, May 4th. Royal Bank Of Canada reissued a “buy” rating on shares of Coeur Mining in a research report on Friday, July 14th. BidaskClub raised shares of Coeur Mining from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. BMO Capital Markets reissued a “buy” rating and issued a $11.00 price target on shares of Coeur Mining in a research report on Friday, June 30th. Finally, Noble Financial reissued a “hold” rating on shares of Coeur Mining in a research report on Friday, July 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $11.29.
In related news, CFO Peter C. Mitchell sold 10,000 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $8.19, for a total value of $81,900.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.30% of the stock is currently owned by corporate insiders.
Coeur Mining Company Profile
Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.
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