Alps Advisors Inc. Has $12.60 Million Position in Coeur Mining, Inc. (CDE)
Alps Advisors Inc. raised its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 146.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,468,084 shares of the basic materials company’s stock after buying an additional 871,597 shares during the period. Alps Advisors Inc. owned 0.81% of Coeur Mining worth $12,596,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the stock. Sigma Planning Corp acquired a new stake in Coeur Mining during the second quarter valued at approximately $143,000. Teacher Retirement System of Texas boosted its stake in Coeur Mining by 1.3% in the second quarter. Teacher Retirement System of Texas now owns 14,587 shares of the basic materials company’s stock valued at $125,000 after buying an additional 182 shares in the last quarter. Foundry Partners LLC boosted its stake in Coeur Mining by 8.2% in the second quarter. Foundry Partners LLC now owns 664,347 shares of the basic materials company’s stock valued at $5,700,000 after buying an additional 50,294 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Coeur Mining by 128.4% in the second quarter. Canada Pension Plan Investment Board now owns 328,900 shares of the basic materials company’s stock valued at $2,822,000 after buying an additional 184,900 shares in the last quarter. Finally, Global X Management Co. LLC boosted its stake in Coeur Mining by 32.5% in the second quarter. Global X Management Co. LLC now owns 2,172,714 shares of the basic materials company’s stock valued at $18,642,000 after buying an additional 532,908 shares in the last quarter. Hedge funds and other institutional investors own 68.28% of the company’s stock.
Coeur Mining, Inc. (NYSE:CDE) opened at 7.83 on Thursday. Coeur Mining, Inc. has a 12 month low of $7.30 and a 12 month high of $15.63. The stock’s 50 day moving average price is $8.19 and its 200 day moving average price is $8.81. The firm has a market capitalization of $1.42 billion, a PE ratio of 20.34 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 Zacks’ consensus estimate of ($0.01). Coeur Mining had a net margin of 9.65% and a return on equity of 10.44%. The business had revenue of $173.40 million during the quarter, compared to analysts’ expectations of $174.70 million. During the same quarter in the prior year, the company earned $0.09 EPS. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. Equities research analysts expect that Coeur Mining, Inc. will post $0.15 earnings per share for the current fiscal year.
Several research firms recently commented on CDE. Zacks Investment Research cut Coeur Mining from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. BidaskClub cut Coeur Mining from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Noble Financial restated a “hold” rating on shares of Coeur Mining in a research report on Friday, July 28th. Royal Bank Of Canada reiterated a “buy” rating on shares of Coeur Mining in a research report on Friday, July 14th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $11.00 price target on shares of Coeur Mining in a research report on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $11.29.
In related news, CFO Peter C. Mitchell sold 10,000 shares of the company’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is owned by corporate insiders.
About Coeur Mining
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.
Receive News & Stock Ratings for Coeur Mining Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coeur Mining Inc. and related stocks with our FREE daily email newsletter.