OxFORD Asset Management LLP acquired a new position in shares of Coeur Mining, Inc. (NYSE:CDE) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 268,409 shares of the basic materials company’s stock, valued at approximately $2,303,000. OxFORD Asset Management LLP owned approximately 0.15% of Coeur Mining at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp raised its holdings in shares of Coeur Mining by 46.8% during the 2nd quarter. Van ECK Associates Corp now owns 18,611,685 shares of the basic materials company’s stock worth $159,688,000 after acquiring an additional 5,933,383 shares in the last quarter. GMT Capital Corp raised its holdings in shares of Coeur Mining by 47.7% during the 1st quarter. GMT Capital Corp now owns 11,747,789 shares of the basic materials company’s stock worth $94,922,000 after acquiring an additional 3,792,700 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Coeur Mining by 1.3% during the 2nd quarter. BlackRock Inc. now owns 11,688,139 shares of the basic materials company’s stock worth $100,285,000 after acquiring an additional 149,548 shares in the last quarter. State Street Corp raised its holdings in shares of Coeur Mining by 25.5% during the 1st quarter. State Street Corp now owns 8,767,696 shares of the basic materials company’s stock worth $70,842,000 after acquiring an additional 1,780,872 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Coeur Mining by 65.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,654,860 shares of the basic materials company’s stock worth $39,939,000 after acquiring an additional 1,840,601 shares in the last quarter. 68.90% of the stock is currently owned by institutional investors and hedge funds.

CDE has been the topic of several recent research reports. Canaccord Genuity reaffirmed a “buy” rating and set a $11.75 price objective on shares of Coeur Mining in a report on Thursday, September 7th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Coeur Mining in a report on Thursday, September 7th. UBS AG cut Coeur Mining from an “outperform” rating to a “market perform” rating in a report on Thursday, September 7th. ValuEngine cut Coeur Mining from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Finally, BidaskClub raised Coeur Mining from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $11.62.

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In other news, VP Mark Spurbeck sold 9,500 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $9.25, for a total value of $87,875.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Frank L. Jr. Hanagarne sold 10,310 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $9.29, for a total value of $95,779.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 68,610 shares of company stock worth $602,855. Company insiders own 1.30% of the company’s stock.

Shares of Coeur Mining, Inc. (NYSE CDE) opened at 9.38 on Friday. The stock has a market capitalization of $1.70 billion, a PE ratio of 24.36 and a beta of 0.40. Coeur Mining, Inc. has a one year low of $7.30 and a one year high of $13.18. The stock’s 50 day moving average price is $8.94 and its 200 day moving average price is $8.75.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, July 26th. The basic materials company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $173.40 million for the quarter, compared to the consensus estimate of $174.70 million. Coeur Mining had a return on equity of 10.44% and a net margin of 9.65%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 earnings per share. Equities research analysts predict that Coeur Mining, Inc. will post $0.13 EPS for the current fiscal year.

Coeur Mining 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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