Coeur Mining, Inc. (CDE) Shares Bought by Stoneridge Investment Partners LLC
Stoneridge Investment Partners LLC boosted its stake in Coeur Mining, Inc. (NYSE:CDE) by 172.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,978 shares of the basic materials company’s stock after purchasing an additional 28,474 shares during the quarter. Stoneridge Investment Partners LLC’s holdings in Coeur Mining were worth $413,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. Old Mutual Global Investors UK Ltd. lifted its stake in Coeur Mining by 14.0% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 1,109,860 shares of the basic materials company’s stock worth $10,199,000 after purchasing an additional 136,617 shares in the last quarter. Foundry Partners LLC lifted its stake in Coeur Mining by 7.5% in the 3rd quarter. Foundry Partners LLC now owns 714,457 shares of the basic materials company’s stock worth $6,566,000 after purchasing an additional 50,110 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in Coeur Mining by 18.2% in the 3rd quarter. Canada Pension Plan Investment Board now owns 388,800 shares of the basic materials company’s stock worth $3,573,000 after purchasing an additional 59,900 shares in the last quarter. Parametrica Management Ltd purchased a new stake in Coeur Mining in the 3rd quarter worth $160,000. Finally, Rothschild Investment Corp IL purchased a new stake in Coeur Mining in the 3rd quarter worth $752,000. Institutional investors and hedge funds own 67.64% of the company’s stock.
In related news, COO Frank L. Jr. Hanagarne sold 28,800 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $8.50, for a total transaction of $244,800.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Mark Spurbeck sold 15,000 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $7.42, for a total transaction of $111,300.00. The disclosure for this sale can be found here. Insiders have sold a total of 83,610 shares of company stock worth $708,955 over the last quarter. 1.30% of the stock is currently owned by insiders.
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Coeur Mining, Inc. (NYSE CDE) opened at $7.53 on Thursday. Coeur Mining, Inc. has a fifty-two week low of $7.30 and a fifty-two week high of $12.30. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.68 and a quick ratio of 2.51.
Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, October 25th. The basic materials company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.17). The firm had revenue of $176.00 million for the quarter, compared to the consensus estimate of $185.09 million. Coeur Mining had a negative net margin of 2.41% and a negative return on equity of 1.37%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.23 earnings per share. sell-side analysts forecast that Coeur Mining, Inc. will post -0.05 earnings per share for the current year.
CDE has been the topic of several research analyst reports. Royal Bank Of Canada reiterated a “buy” rating on shares of Coeur Mining in a research note on Friday, July 14th. Noble Financial restated a “hold” rating on shares of Coeur Mining in a report on Friday, July 28th. BidaskClub downgraded shares of Coeur Mining from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Zacks Investment Research downgraded shares of Coeur Mining from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Finally, ValuEngine downgraded shares of Coeur Mining from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Three analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Coeur Mining has a consensus rating of “Hold” and an average price target of $10.91.
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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