Sigma Planning Corp Takes Position in Coeur Mining, Inc. (CDE)
Sigma Planning Corp purchased a new stake in Coeur Mining, Inc. (NYSE:CDE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,650 shares of the basic materials company’s stock, valued at approximately $143,000.
A number of other hedge funds and other institutional investors have also modified their holdings of CDE. BlackRock Inc. increased its position in shares of Coeur Mining by 56,698.4% in the first quarter. BlackRock Inc. now owns 11,538,591 shares of the basic materials company’s stock valued at $93,231,000 after buying an additional 11,518,276 shares in the last quarter. GMT Capital Corp boosted its stake in Coeur Mining by 47.7% in the first quarter. GMT Capital Corp now owns 11,747,789 shares of the basic materials company’s stock worth $94,922,000 after buying an additional 3,792,700 shares in the last quarter. State Street Corp boosted its stake in Coeur Mining by 25.5% in the first quarter. State Street Corp now owns 8,767,696 shares of the basic materials company’s stock worth $70,842,000 after buying an additional 1,780,872 shares in the last quarter. Van ECK Associates Corp boosted its stake in Coeur Mining by 13.1% in the first quarter. Van ECK Associates Corp now owns 12,678,302 shares of the basic materials company’s stock worth $102,441,000 after buying an additional 1,464,214 shares in the last quarter. Finally, OppenheimerFunds Inc. boosted its stake in Coeur Mining by 109.5% in the first quarter. OppenheimerFunds Inc. now owns 2,314,575 shares of the basic materials company’s stock worth $18,702,000 after buying an additional 1,209,575 shares in the last quarter. 68.28% of the stock is currently owned by institutional investors.
Shares of Coeur Mining, Inc. (CDE) opened at 7.72 on Monday. The company has a 50-day moving average price of $8.13 and a 200 day moving average price of $8.78. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 20.05 and a beta of 0.57. Coeur Mining, Inc. has a 52 week low of $7.30 and a 52 week high of $15.35.
Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, July 26th. The basic materials company reported ($0.01) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.01). The company had revenue of $173.40 million for the quarter, compared to analyst estimates of $174.70 million. Coeur Mining had a return on equity of 10.44% and a net margin of 9.65%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 earnings per share. Analysts expect that Coeur Mining, Inc. will post $0.13 EPS for the current fiscal year.
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A number of analysts have recently issued reports on the company. Roth Capital set a $13.00 price objective on Coeur Mining and gave the company a “buy” rating in a research report on Wednesday, June 14th. BMO Capital Markets restated a “buy” rating and set a $11.00 price objective on shares of Coeur Mining in a research report on Friday, June 30th. BidaskClub upgraded Coeur Mining from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. Royal Bank Of Canada restated a “buy” rating and set a $14.00 price objective on shares of Coeur Mining in a research report on Wednesday, May 24th. Finally, Zacks Investment Research upgraded Coeur Mining from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $11.29.
In other news, CFO Peter C. Mitchell sold 10,000 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $8.19, for a total transaction of $81,900.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.30% of the stock is currently owned by company 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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