Cipher Capital LP Has $4.88 Million Position in Coeur Mining, Inc. (CDE)
Cipher Capital LP boosted its stake in Coeur Mining, Inc. (NYSE:CDE) by 19.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 531,059 shares of the basic materials company’s stock after purchasing an additional 86,563 shares during the quarter. Cipher Capital LP owned about 0.29% of Coeur Mining worth $4,880,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. UBS Group AG raised its stake in Coeur Mining by 9.8% during the first quarter. UBS Group AG now owns 14,178 shares of the basic materials company’s stock worth $115,000 after acquiring an additional 1,267 shares in the last quarter. Stevens Capital Management LP acquired a new position in Coeur Mining during the second quarter worth about $123,000. Teacher Retirement System of Texas raised its stake in Coeur Mining by 1.3% during the second quarter. Teacher Retirement System of Texas now owns 14,587 shares of the basic materials company’s stock worth $125,000 after acquiring an additional 182 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in Coeur Mining during the second quarter worth about $141,000. Finally, Sigma Planning Corp acquired a new position in Coeur Mining during the second quarter worth about $143,000. 67.93% of the stock is owned by institutional investors and hedge funds.
Coeur Mining, Inc. (NYSE:CDE) traded up $0.28 during trading on Friday, hitting $7.37. The stock had a trading volume of 2,632,712 shares, compared to its average volume of 3,188,769. Coeur Mining, Inc. has a one year low of $6.98 and a one year 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 released its quarterly earnings data on Wednesday, October 25th. The basic materials company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.17). Coeur Mining had a negative net margin of 9.46% and a negative return on equity of 8.66%. The firm had revenue of $176.00 million during the quarter, compared to analyst estimates of $185.09 million. During the same period in the prior year, the company earned $0.23 EPS. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. sell-side analysts predict that Coeur Mining, Inc. will post -0.05 EPS for the current fiscal year.
Several research analysts have commented on CDE shares. Royal Bank Of Canada reissued a “buy” rating and set a $13.00 target price on shares of Coeur Mining in a research note on Thursday, August 24th. Raymond James Financial, Inc. reissued a “market perform” rating and set a $9.50 target price on shares of Coeur Mining in a research note on Thursday, September 7th. Zacks Investment Research downgraded Coeur Mining from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. ValuEngine downgraded Coeur Mining from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Finally, BidaskClub raised Coeur Mining from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 24th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.84.
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In related news, COO Frank L. Jr. Hanagarne sold 28,800 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $8.50, for a total value of $244,800.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Mark Spurbeck sold 9,500 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $9.25, for a total value of $87,875.00. The disclosure for this sale can be found here. Insiders sold 83,610 shares of company stock valued at $708,955 in the last ninety days. 1.30% of the stock is currently owned by insiders.
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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