Legal & General Group Plc cut its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 13.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,836 shares of the basic materials company’s stock after selling 10,202 shares during the quarter. Legal & General Group Plc’s holdings in Coeur Mining were worth $565,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. UBS Group AG grew its holdings in shares of Coeur Mining by 9.8% during the first quarter. UBS Group AG now owns 14,178 shares of the basic materials company’s stock valued at $115,000 after purchasing an additional 1,267 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Coeur Mining by 8.5% during the first quarter. Teacher Retirement System of Texas now owns 14,405 shares of the basic materials company’s stock valued at $116,000 after purchasing an additional 1,133 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Coeur Mining during the second quarter valued at approximately $141,000. Sigma Planning Corp bought a new position in shares of Coeur Mining during the second quarter valued at approximately $143,000. Finally, Great West Life Assurance Co. Can grew its holdings in shares of Coeur Mining by 90.2% during the first quarter. Great West Life Assurance Co. Can now owns 24,041 shares of the basic materials company’s stock valued at $194,000 after purchasing an additional 11,400 shares during the last quarter. 68.90% of the stock is owned by institutional investors.

CDE has been the subject of several recent research reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $13.00 target price on shares of Coeur Mining in a report on Thursday, August 24th. Raymond James Financial, Inc. reaffirmed a “market perform” rating and set a $9.50 target price on shares of Coeur Mining in a report on Thursday, September 7th. Zacks Investment Research lowered Coeur Mining from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. ValuEngine lowered Coeur Mining from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Finally, BidaskClub raised Coeur Mining from a “strong sell” rating to a “sell” rating in a report on Thursday, August 24th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $11.62.

Coeur Mining, Inc. (NYSE:CDE) opened at 9.38 on Friday. Coeur Mining, Inc. has a one year low of $7.30 and a one year high of $13.18. The company has a 50-day moving average price of $8.94 and a 200-day moving average price of $8.75. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 24.36 and a beta of 0.40.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, July 26th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, meeting 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 analysts’ expectations of $174.70 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. Coeur Mining’s quarterly revenue was down 4.7% compared to the same quarter last year. Equities research analysts anticipate that Coeur Mining, Inc. will post $0.13 EPS for the current year.

In other news, COO Frank L. Jr. Hanagarne sold 10,310 shares of Coeur Mining stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $9.29, for a total value of $95,779.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Peter C. Mitchell sold 10,000 shares of Coeur Mining stock in a transaction that occurred on Monday, July 31st. The shares were 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. Insiders sold 68,610 shares of company stock valued at $602,855 in the last quarter. 1.30% of the stock is currently owned by corporate insiders.

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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.

Institutional Ownership by Quarter for Coeur Mining (NYSE:CDE)

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