Bank of America Corp DE lowered its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 2.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 303,815 shares of the basic materials company’s stock after selling 6,506 shares during the period. Bank of America Corp DE’s holdings in Coeur Mining were worth $2,455,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new stake in shares of Coeur Mining during the fourth quarter worth $124,000. Norges Bank purchased a new stake in shares of Coeur Mining during the fourth quarter worth $12,831,000. Bank of Montreal Can raised its stake in shares of Coeur Mining by 230.9% in the first quarter. Bank of Montreal Can now owns 565,139 shares of the basic materials company’s stock worth $4,566,000 after buying an additional 394,331 shares during the period. Profund Advisors LLC raised its stake in shares of Coeur Mining by 2.3% in the first quarter. Profund Advisors LLC now owns 36,986 shares of the basic materials company’s stock worth $299,000 after buying an additional 817 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Coeur Mining by 20.9% in the first quarter. Wells Fargo & Company MN now owns 599,372 shares of the basic materials company’s stock worth $4,843,000 after buying an additional 103,765 shares during the period. 68.07% of the stock is owned by institutional investors and hedge funds.

Shares of Coeur Mining, Inc. (NYSE CDE) traded up 0.13% on Friday, hitting $7.74. The stock had a trading volume of 615,382 shares. The stock has a 50 day moving average of $8.29 and a 200 day moving average of $8.94. Coeur Mining, Inc. has a 12-month low of $7.30 and a 12-month high of $16.23. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 20.10 and a beta of 0.57.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, July 26th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $173.40 million for the quarter, compared to analysts’ expectations of $174.70 million. Coeur Mining had a return on equity of 10.44% and a net margin of 9.65%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period last year, the firm earned $0.09 earnings per share. Equities analysts predict that Coeur Mining, Inc. will post $0.15 earnings per share for the current fiscal year.

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A number of equities research analysts have weighed in on CDE shares. Zacks Investment Research raised Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, April 14th. 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, May 24th. BidaskClub raised Coeur Mining from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. Roth Capital set a $13.00 target price on Coeur Mining and gave the company a “buy” rating in a research report on Wednesday, June 14th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $11.00 target price on shares of Coeur Mining in a research report on Friday, June 30th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $11.29.

In other Coeur Mining news, CFO Peter C. Mitchell sold 10,000 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $8.19, for a total value of $81,900.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is owned by company insiders.

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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Institutional Ownership by Quarter for Coeur Mining (NYSE:CDE)

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