Coeur Mining, Inc. (CDE) Position Reduced by OxFORD Asset Management LLP
OxFORD Asset Management LLP reduced its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 17.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 221,958 shares of the basic materials company’s stock after selling 46,451 shares during the quarter. OxFORD Asset Management LLP owned approximately 0.12% of Coeur Mining worth $2,041,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the stock. Aperio Group LLC raised its holdings in Coeur Mining by 5.9% in the 2nd quarter. Aperio Group LLC now owns 44,435 shares of the basic materials company’s stock worth $381,000 after purchasing an additional 2,482 shares in the last quarter. Van ECK Associates Corp raised its holdings in Coeur Mining by 46.8% in the 2nd quarter. Van ECK Associates Corp now owns 18,611,685 shares of the basic materials company’s stock worth $159,688,000 after purchasing an additional 5,933,383 shares in the last quarter. Marshall Wace North America L.P. bought a new position in Coeur Mining in the 2nd quarter worth $689,000. Investec Asset Management LTD bought a new position in Coeur Mining in the 2nd quarter worth $28,801,000. Finally, ETF Managers Group LLC bought a new position in Coeur Mining in the 2nd quarter worth $5,207,000. Institutional investors own 69.75% of the company’s stock.
Several brokerages have commented on CDE. Royal Bank of Canada set a $10.00 price objective on shares of Coeur Mining and gave the stock a “buy” rating in a report on Tuesday, December 5th. Raymond James Financial upgraded shares of Coeur Mining from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $10.25 to $10.50 in a report on Tuesday, November 21st. BMO Capital Markets began coverage on shares of Coeur Mining in a report on Friday, November 17th. They issued an “outperform” rating and a $10.50 price objective for the company. Noble Financial restated a “hold” rating on shares of Coeur Mining in a report on Tuesday, October 31st. Finally, Roth Capital decreased their price objective on shares of Coeur Mining from $12.50 to $10.00 and set a “buy” rating for the company in a report on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $10.29.
Shares of Coeur Mining, Inc. (CDE) opened at $7.34 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.51 and a current ratio of 3.68. Coeur Mining, Inc. has a 1 year low of $6.71 and a 1 year high of $12.30.
Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, October 25th. The basic materials company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.17). The business had revenue of $176.00 million during the quarter, compared to analysts’ expectations of $185.09 million. Coeur Mining had a negative return on equity of 1.37% and a negative net margin of 2.41%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 earnings per share. equities research analysts forecast that Coeur Mining, Inc. will post -0.05 EPS for the current year.
In other news, VP Mark Spurbeck sold 15,000 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $7.42, for a total value of $111,300.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Frank L. Jr. Hanagarne sold 10,310 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $9.29, for a total transaction of $95,779.90. The disclosure for this sale can be found here. Insiders sold a total of 35,310 shares of company stock worth $283,780 over the last ninety days. Insiders own 1.30% of the company’s stock.
Coeur Mining 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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