Kestra Private Wealth Services LLC acquired a new position in shares of Coeur Mining, Inc. (NYSE:CDE) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 16,611 shares of the basic materials company’s stock, valued at approximately $123,000.
A number of other institutional investors also recently bought and sold shares of CDE. PNC Financial Services Group Inc. boosted its stake in Coeur Mining by 37.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,914 shares of the basic materials company’s stock worth $55,000 after buying an additional 3,000 shares during the last quarter. Aigen Investment Management LP acquired a new stake in Coeur Mining in the 3rd quarter worth about $84,000. Commonwealth Equity Services LLC acquired a new stake in Coeur Mining in the 2nd quarter worth about $88,000. State of Wisconsin Investment Board acquired a new stake in Coeur Mining in the 2nd quarter worth about $89,000. Finally, Point72 Hong Kong Ltd acquired a new stake in Coeur Mining in the 2nd quarter worth about $98,000. Hedge funds and other institutional investors own 56.41% of the company’s stock.
Coeur Mining stock opened at $7.61 on Friday. The stock’s 50 day moving average price is $7.83 and its 200 day moving average price is $6.82. The firm has a market capitalization of $1.85 billion, a PE ratio of -7.05 and a beta of 2.12. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.58 and a current ratio of 1.16. Coeur Mining, Inc. has a one year low of $1.98 and a one year high of $9.25.
Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, October 28th. The basic materials company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.09 by $0.07. Coeur Mining had a positive return on equity of 5.56% and a negative net margin of 34.20%. On average, analysts forecast that Coeur Mining, Inc. will post 0.32 earnings per share for the current fiscal year.
In other Coeur Mining news, SVP Terrence F. Smith sold 51,219 shares of Coeur Mining stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $8.24, for a total transaction of $422,044.56. Following the sale, the senior vice president now directly owns 199,349 shares in the company, valued at approximately $1,642,635.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Hans John Rasmussen sold 15,000 shares of Coeur Mining stock in a transaction that occurred on Wednesday, November 18th. The stock was sold at an average price of $7.83, for a total value of $117,450.00. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.
A number of brokerages have issued reports on CDE. Cantor Fitzgerald began coverage on Coeur Mining in a research note on Friday, July 31st. They issued a “buy” rating and a $8.50 price target on the stock. Noble Financial raised Coeur Mining from a “market perform” rating to an “outperform” rating and set a $9.00 price objective on the stock in a research note on Monday, September 14th. Zacks Investment Research raised Coeur Mining from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a research note on Monday, September 28th. TheStreet raised Coeur Mining from a “d” rating to a “c-” rating in a research note on Wednesday, July 29th. Finally, Raymond James set a $9.50 price objective on Coeur Mining and gave the company a “market perform” rating in a research note on Friday, October 30th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $8.00.
Coeur Mining Profile
Coeur Mining, Inc explores for, develops, and produces gold, silver, zinc, and lead properties. The company holds 100% interests in the Palmarejo gold and silver mine covering an area of approximately 112,520 net acres located in Mexico; the Rochester silver and gold mine covers an area of approximately 16,494 net acres situated in Nevada; the Kensington gold mine comprising 12,336 net acres located in Alaska; the Wharf gold mine covering an area of approximately 7,852 net acres situated in South Dakota; and the Silvertip silver-zinc-lead mine comprising 90,156 net acres located in British Columbia, Canada.
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