Frontier Capital Management Co. LLC increased its stake in Coeur Mining Inc (NYSE:CDE) by 0.0% during the first quarter, Holdings Channel reports. The institutional investor owned 2,726,333 shares of the basic materials company’s stock after buying an additional 836 shares during the period. Frontier Capital Management Co. LLC’s holdings in Coeur Mining were worth $22,029,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new position in shares of Coeur Mining during the fourth quarter valued at about $124,000. Two Sigma Securities LLC bought a new position in shares of Coeur Mining during the third quarter valued at about $159,000. Alpine Partners VI LLC bought a new position in shares of Coeur Mining during the third quarter valued at about $238,000. Suntrust Banks Inc. bought a new position in shares of Coeur Mining during the third quarter valued at about $244,000. Finally, SG Americas Securities LLC raised its position in shares of Coeur Mining by 108.6% in the third quarter. SG Americas Securities LLC now owns 20,715 shares of the basic materials company’s stock valued at $245,000 after buying an additional 10,785 shares in the last quarter. 61.10% of the stock is owned by institutional investors and hedge funds.
Coeur Mining Inc (NYSE:CDE) traded up 2.49% on Friday, hitting $9.87. The stock had a trading volume of 2,924,570 shares. The company has a market cap of $1.79 billion, a P/E ratio of 17.85 and a beta of 0.93. Coeur Mining Inc has a 52-week low of $7.10 and a 52-week high of $16.41. The stock’s 50-day moving average is $9.18 and its 200-day moving average is $9.48.
Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, April 26th. The basic materials company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. The firm had revenue of $206.10 million during the quarter, compared to the consensus estimate of $208.95 million. Coeur Mining had a net margin of 8.31% and a return on equity of 8.59%. The company’s quarterly revenue was up 38.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.06) earnings per share. Analysts expect that Coeur Mining Inc will post $0.23 earnings per share for the current year.
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Several research analysts recently issued reports on the company. TheStreet raised Coeur Mining from a “d” rating to a “c” rating in a research report on Thursday, February 9th. Royal Bank of Canada reaffirmed a “buy” rating and set a $14.00 target price on shares of Coeur Mining in a research report on Wednesday. Zacks Investment Research raised Coeur Mining from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $11.75 target price on shares of Coeur Mining in a research report on Thursday, February 9th. Finally, Deutsche Bank AG lowered their target price on Coeur Mining from $10.50 to $9.00 and set a “hold” rating for the company in a research report on Tuesday, March 21st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Coeur Mining has a consensus rating of “Buy” and an average target price of $11.62.
In other news, CFO Peter C. Mitchell sold 10,000 shares of the company’s stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $8.89, for a total transaction of $88,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.53% of the company’s stock.
About Coeur Mining
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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