Coeur Mining, Inc. (CDE) Position Held by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can held its position in shares of Coeur Mining, Inc. (NYSE:CDE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,041 shares of the basic materials company’s stock at the close of the second quarter. Great West Life Assurance Co. Can’s holdings in Coeur Mining were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CDE. UBS Group AG lifted its position in Coeur Mining by 9.8% during the first quarter. UBS Group AG now owns 14,178 shares of the basic materials company’s stock worth $115,000 after buying an additional 1,267 shares during the period. Teacher Retirement System of Texas lifted its position in Coeur Mining by 8.5% during 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 during the period. Russell Investments Group Ltd. purchased a new position in Coeur Mining during the second quarter worth about $141,000. Virtu Financial LLC purchased a new position in Coeur Mining during the second quarter worth about $237,000. Finally, Royal Bank of Scotland Group PLC purchased a new position in Coeur Mining during the first quarter worth about $251,000. Hedge funds and other institutional investors own 68.90% of the company’s stock.
CDE has been the topic of several recent analyst reports. Royal Bank Of Canada reiterated a “buy” rating on shares of Coeur Mining in a research report on Friday, July 14th. BidaskClub upgraded Coeur Mining from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. Canaccord Genuity reiterated a “buy” rating and set a $11.75 target price on shares of Coeur Mining in a research report on Thursday, September 7th. ValuEngine downgraded Coeur Mining from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, BMO Capital Markets reiterated a “buy” rating and set a $11.00 target price on shares of Coeur Mining in a research report on Friday, June 30th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $10.86.
Shares of Coeur Mining, Inc. (CDE) opened at 9.20 on Friday. Coeur Mining, Inc. has a 52 week low of $7.30 and a 52 week high of $14.47. The firm’s 50-day moving average price is $8.35 and its 200 day moving average price is $8.61. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 23.90 and a beta of 0.47.
Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, July 26th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The firm had revenue of $173.40 million during the quarter, compared to analysts’ expectations of $174.70 million. Coeur Mining had a return on equity of 10.44% and a net margin of 9.65%. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 earnings per share. On average, analysts anticipate that Coeur Mining, Inc. will post $0.12 EPS for the current year.
In related news, COO Frank L. Jr. Hanagarne sold 28,800 shares of Coeur Mining stock in a transaction on Monday, August 28th. The stock was sold at an average price of $8.50, for a total transaction of $244,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Peter C. Mitchell sold 10,000 shares of Coeur Mining stock in a transaction on Monday, July 31st. The shares were sold at an average price of $8.19, for a total value of $81,900.00. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.
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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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