AGF Investments Inc. Holds Holdings in Coeur Mining, Inc. (CDE)
AGF Investments Inc. maintained its position in shares of Coeur Mining, Inc. (NYSE:CDE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 293,400 shares of the basic materials company’s stock at the end of the second quarter. AGF Investments Inc. owned 0.16% of Coeur Mining worth $2,518,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Credit Agricole S A purchased a new position in shares of Coeur Mining during the first quarter valued at approximately $5,077,000. Aperio Group LLC raised its holdings in shares of Coeur Mining by 5.9% during the second quarter. Aperio Group LLC now owns 44,435 shares of the basic materials company’s stock valued at $381,000 after purchasing an additional 2,482 shares during the last quarter. U S Global Investors Inc purchased a new position in shares of Coeur Mining during the first quarter valued at approximately $808,000. Karp Capital Management Corp purchased a new position in shares of Coeur Mining during the first quarter valued at approximately $339,000. Finally, BlackRock Inc. raised its holdings in shares of Coeur Mining by 56,698.4% during the first quarter. BlackRock Inc. now owns 11,538,591 shares of the basic materials company’s stock valued at $93,231,000 after purchasing an additional 11,518,276 shares during the last quarter. 68.90% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on CDE. BidaskClub raised shares of Coeur Mining from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Royal Bank Of Canada reissued a “buy” rating and set a $14.00 price objective on shares of Coeur Mining in a report on Wednesday, May 24th. Roth Capital set a $13.00 price objective on shares of Coeur Mining and gave the company a “buy” rating in a report on Wednesday, June 14th. BMO Capital Markets reissued a “buy” rating and set a $11.00 price objective on shares of Coeur Mining in a report on Friday, June 30th. Finally, UBS AG cut shares of Coeur Mining from an “outperform” rating to a “market perform” rating in a report on Thursday. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Coeur Mining presently has a consensus rating of “Hold” and a consensus price target of $10.86.
In other Coeur Mining news, COO Frank L. Jr. Hanagarne sold 28,800 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $8.50, for a total transaction of $244,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $81,900.00. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
Shares of Coeur Mining, Inc. (CDE) opened at 9.26 on Friday. Coeur Mining, Inc. has a 12 month low of $7.30 and a 12 month high of $13.65. The company’s 50-day moving average is $8.29 and its 200 day moving average is $8.60. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 24.05 and a beta of 0.47.
Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, July 26th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). Coeur Mining had a net margin of 9.65% and a return on equity of 10.44%. The company had revenue of $173.40 million during the quarter, compared to analyst estimates of $174.70 million. During the same period last year, the firm posted $0.09 EPS. Coeur Mining’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that Coeur Mining, Inc. will post $0.12 earnings per share for the current year.
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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