Coeur Mining, Inc. (CDE) Shares Bought by Investec Asset Management LTD
Investec Asset Management LTD raised its holdings in Coeur Mining, Inc. (NYSE:CDE) by 0.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,375,037 shares of the basic materials company’s stock after buying an additional 18,285 shares during the period. Investec Asset Management LTD owned about 1.82% of Coeur Mining worth $31,017,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in CDE. BlackRock Inc. raised its stake in Coeur Mining by 56,698.4% in the first quarter. BlackRock Inc. now owns 11,538,591 shares of the basic materials company’s stock valued at $93,231,000 after buying an additional 11,518,276 shares during the period. Van ECK Associates Corp increased its stake in shares of Coeur Mining by 46.8% during the second quarter. Van ECK Associates Corp now owns 18,611,685 shares of the basic materials company’s stock worth $159,688,000 after purchasing an additional 5,933,383 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Coeur Mining by 65.4% during the second quarter. Dimensional Fund Advisors LP now owns 4,654,860 shares of the basic materials company’s stock worth $39,939,000 after purchasing an additional 1,840,601 shares during the period. Alps Advisors Inc. increased its stake in shares of Coeur Mining by 146.1% during the second quarter. Alps Advisors Inc. now owns 1,468,084 shares of the basic materials company’s stock worth $12,596,000 after purchasing an additional 871,597 shares during the period. Finally, Teachers Advisors LLC increased its stake in shares of Coeur Mining by 259.5% during the second quarter. Teachers Advisors LLC now owns 1,157,842 shares of the basic materials company’s stock worth $9,934,000 after purchasing an additional 835,734 shares during the period. Hedge funds and other institutional investors own 69.76% of the company’s stock.
A number of equities analysts have recently weighed in on CDE shares. Royal Bank Of Canada reiterated a “buy” rating on shares of Coeur Mining in a research note on Wednesday, September 27th. Raymond James Financial increased their target price on Coeur Mining from $9.50 to $12.50 and gave the stock a “market perform” rating in a research note on Friday, September 15th. Noble Financial reiterated a “hold” rating on shares of Coeur Mining in a research note on Tuesday, October 31st. BidaskClub downgraded Coeur Mining from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Finally, Zacks Investment Research raised Coeur Mining from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $10.55.
Shares of Coeur Mining, Inc. (NYSE:CDE) opened at $7.63 on Thursday. Coeur Mining, Inc. has a 12-month low of $6.98 and a 12-month 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) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.17). The company had revenue of $176.00 million for the quarter, compared to analyst estimates of $185.09 million. Coeur Mining had a negative return on equity of 1.37% and a negative net margin of 2.41%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 EPS. analysts anticipate that Coeur Mining, Inc. will post -0.05 earnings per share for the current year.
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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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