UBS Asset Management Americas Inc. boosted its position in Coeur Mining Inc. (NYSE:CDE) by 24.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 98,029 shares of the company’s stock after buying an additional 19,500 shares during the period. UBS Asset Management Americas Inc. owned about 0.06% of Coeur Mining worth $1,045,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Societe Generale acquired a new stake in Coeur Mining during the second quarter worth approximately $106,000. SG Americas Securities LLC acquired a new stake in Coeur Mining during the second quarter worth approximately $106,000. Princeton Alpha Management LP acquired a new stake in Coeur Mining during the second quarter worth approximately $202,000. Feltz Wealth PLAN Inc. acquired a new stake in Coeur Mining during the second quarter worth approximately $168,000. Finally, DekaBank Deutsche Girozentrale boosted its stake in Coeur Mining by 151.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 37,704 shares of the company’s stock worth $395,000 after buying an additional 22,692 shares during the last quarter. 69.43% of the stock is currently owned by hedge funds and other institutional investors.
Coeur Mining Inc. (NYSE:CDE) opened at 10.84 on Tuesday. Coeur Mining Inc. has a 12-month low of $1.62 and a 12-month high of $16.41. The firm’s 50-day moving average price is $12.29 and its 200-day moving average price is $10.78. The stock’s market cap is $1.76 billion.
Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.02 by $0.07. Coeur Mining had a negative return on equity of 8.38% and a negative net margin of 49.17%. The company had revenue of $182 million for the quarter, compared to analysts’ expectations of $173.92 million. During the same period last year, the firm posted ($0.11) earnings per share. Coeur Mining’s revenue was up 9.4% compared to the same quarter last year. On average, equities analysts predict that Coeur Mining Inc. will post $0.35 EPS for the current fiscal year.
A number of equities research analysts have recently commented on CDE shares. Royal Bank Of Canada upgraded Coeur Mining from a “sector perform” rating to an “outperform” rating in a research note on Thursday, July 14th. Deutsche Bank AG reiterated a “sell” rating on shares of Coeur Mining in a research note on Thursday, July 7th. Raymond James Financial Inc. upgraded Coeur Mining from a “market perform” rating to an “outperform” rating in a research note on Monday, June 27th. CIBC upgraded Coeur Mining from a “sector underperform” rating to a “sector perform” rating in a research note on Tuesday, August 30th. Finally, Vetr cut Coeur Mining from a “strong-buy” rating to a “hold” rating and set a $11.10 target price on the stock. in a research note on Thursday, October 6th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Coeur Mining presently has a consensus rating of “Buy” and an average target price of $8.83.
In related news, CFO Peter C. Mitchell sold 16,157 shares of the stock in a transaction on Monday, August 8th. The stock was sold at an average price of $15.88, for a total transaction of $256,573.16. Following the sale, the chief financial officer now directly owns 270,260 shares of the company’s stock, valued at $4,291,728.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Hans John Rasmussen sold 3,477 shares of the stock in a transaction on Friday, July 29th. The shares were sold at an average price of $15.00, for a total value of $52,155.00. The disclosure for this sale can be found here. Corporate insiders own 1.53% of the company’s stock.
About Coeur Mining
Coeur Mining, Inc is a gold and silver producer. The Company’s segments include Palmarejo complex, Rochester, Kensington, Wharf and San Bartolome mines, and Coeur Capital. The Company also a non-operating interest in the Endeavor mine in Australia in addition to royalties on the El Gallo complex in Mexico, the Zaruma mine in Ecuador, and the Correnso mine in New Zealand.
Want to see what other hedge funds are holding CDE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coeur Mining Inc. (NYSE:CDE).
Receive News & Ratings for Coeur Mining Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coeur Mining Inc. and related companies with MarketBeat.com's FREE daily email newsletter.