GAM Holding AG Has $6.39 Million Stake in Coeur Mining, Inc. (CDE)
GAM Holding AG boosted its stake in Coeur Mining, Inc. (NYSE:CDE) by 14.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 745,000 shares of the basic materials company’s stock after buying an additional 95,000 shares during the period. GAM Holding AG owned 0.41% of Coeur Mining worth $6,392,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the company. UBS Group AG increased its stake 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 in the last quarter. Teacher Retirement System of Texas increased 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 during the period. Russell Investments Group Ltd. acquired a new position in Coeur Mining during the second quarter worth $141,000. Sigma Planning Corp purchased a new position in shares of Coeur Mining during the second quarter worth approximately $143,000. Finally, Great West Life Assurance Co. Can increased its position in shares of 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 during the period. Institutional investors own 68.28% of the company’s stock.
Shares of Coeur Mining, Inc. (CDE) opened at 8.25 on Friday. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 21.43 and a beta of 0.57. Coeur Mining, Inc. has a 1-year low of $7.30 and a 1-year high of $15.35. The stock has a 50 day moving average of $8.11 and a 200 day moving average of $8.68.
Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, July 26th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). Coeur Mining had a return on equity of 10.44% and a net margin of 9.65%. The firm had revenue of $173.40 million during the quarter, compared to analysts’ expectations of $174.70 million. During the same period last year, the business posted $0.09 earnings per share. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities analysts forecast that Coeur Mining, Inc. will post $0.13 EPS for the current year.
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A number of research analysts have recently commented on CDE shares. Zacks Investment Research raised shares of Coeur Mining from a “sell” rating to a “hold” rating in a research report on Thursday, April 27th. Royal Bank Of Canada restated a “buy” rating and set a $14.00 target price on shares of Coeur Mining in a research note on Wednesday, May 24th. BidaskClub upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Roth Capital set a $13.00 price objective on shares of Coeur Mining and gave the stock a “buy” rating in a research note on Wednesday, June 14th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $11.00 price objective on shares of Coeur Mining in a research note on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Coeur Mining has an average rating of “Hold” and an average target price of $11.29.
In other Coeur Mining news, CFO Peter C. Mitchell sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $8.19, for a total value of $81,900.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is 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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