Coeur Mining Inc (CDE) Position Lowered by Rhumbline Advisers

Rhumbline Advisers lessened its holdings in shares of Coeur Mining Inc (NYSE:CDE) by 12.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 196,099 shares of the basic materials company’s stock after selling 28,997 shares during the quarter. Rhumbline Advisers’ holdings in Coeur Mining were worth $1,471,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in CDE. First Trust Advisors LP bought a new position in Coeur Mining in the third quarter worth $189,000. SG Americas Securities LLC bought a new position in Coeur Mining in the third quarter worth $266,000. Russell Investments Group Ltd. raised its holdings in Coeur Mining by 160.9% in the third quarter. Russell Investments Group Ltd. now owns 42,868 shares of the basic materials company’s stock worth $395,000 after purchasing an additional 26,437 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in Coeur Mining in the third quarter worth $446,000. Finally, Teacher Retirement System of Texas raised its holdings in Coeur Mining by 317.4% in the fourth quarter. Teacher Retirement System of Texas now owns 62,626 shares of the basic materials company’s stock worth $470,000 after purchasing an additional 47,622 shares in the last quarter. Institutional investors own 75.12% of the company’s stock.

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In other news, COO Frank L. Jr. Hanagarne sold 5,684 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $8.50, for a total value of $48,314.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Hans John Rasmussen sold 10,000 shares of the stock in a transaction on Friday, March 16th. The stock was sold at an average price of $8.15, for a total value of $81,500.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,684 shares of company stock worth $209,514. Insiders own 1.30% of the company’s stock.

A number of research firms have issued reports on CDE. BMO Capital Markets set a $9.50 price objective on Coeur Mining and gave the stock a “buy” rating in a report on Friday, February 9th. Noble Financial reiterated a “hold” rating on shares of Coeur Mining in a report on Thursday, January 11th. Zacks Investment Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 2nd. Royal Bank of Canada set a $10.00 price objective on Coeur Mining and gave the stock a “buy” rating in a report on Tuesday, December 5th. Finally, ValuEngine downgraded Coeur Mining from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $9.60.

Shares of Coeur Mining Inc (NYSE CDE) opened at $8.08 on Monday. Coeur Mining Inc has a 12 month low of $6.71 and a 12 month high of $10.24. The company has a market capitalization of $1,498.38, a price-to-earnings ratio of -808.00 and a beta of 0.58. The company has a quick ratio of 1.39, a current ratio of 1.97 and a debt-to-equity ratio of 0.47.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, February 7th. The basic materials company reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. Coeur Mining had a positive return on equity of 1.51% and a negative net margin of 0.17%. The firm had revenue of $214.60 million for the quarter, compared to analysts’ expectations of $228.64 million. During the same period in the prior year, the firm posted $0.34 earnings per share. The company’s quarterly revenue was up 54.2% on a year-over-year basis. equities research analysts anticipate that Coeur Mining Inc will post 0.12 EPS 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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Institutional Ownership by Quarter for Coeur Mining (NYSE:CDE)

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