U S Global Investors Inc. Has $1.84 Million Holdings in Coeur Mining, Inc. (CDE)
U S Global Investors Inc. boosted its stake in Coeur Mining, Inc. (NYSE:CDE) by 84.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,000 shares of the basic materials company’s stock after buying an additional 91,776 shares during the period. U S Global Investors Inc. owned 0.11% of Coeur Mining worth $1,838,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of CDE. UBS Group AG increased its position in Coeur Mining by 9.8% in the first quarter. UBS Group AG now owns 14,178 shares of the basic materials company’s stock worth $115,000 after buying an additional 1,267 shares during the period. Stevens Capital Management LP acquired a new stake in Coeur Mining in the second quarter worth $123,000. Teacher Retirement System of Texas increased its position in Coeur Mining by 1.3% in the second quarter. Teacher Retirement System of Texas now owns 14,587 shares of the basic materials company’s stock worth $125,000 after buying an additional 182 shares during the period. Russell Investments Group Ltd. acquired a new stake in Coeur Mining in the second quarter worth $141,000. Finally, Sigma Planning Corp acquired a new stake in Coeur Mining in the second quarter worth $143,000. 69.75% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Mark Spurbeck sold 15,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $7.42, for a total transaction of $111,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Peter C. Mitchell sold 10,000 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $7.67, for a total value of $76,700.00. The disclosure for this sale can be found here. Insiders have sold 54,810 shares of company stock valued at $464,155 in the last ninety days. Company insiders own 1.30% of the company’s stock.
A number of research analysts have recently commented on CDE shares. Roth Capital set a $13.00 price target on Coeur Mining and gave the company a “buy” rating in a report on Thursday, October 5th. Royal Bank Of Canada reissued a “buy” rating on shares of Coeur Mining in a report on Wednesday, September 27th. Canaccord Genuity reissued a “buy” rating and set a $11.75 price target on shares of Coeur Mining in a report on Thursday, September 7th. BMO Capital Markets reissued a “buy” rating on shares of Coeur Mining in a report on Wednesday, September 13th. Finally, Noble Financial reissued a “hold” rating on shares of Coeur Mining in a report on Wednesday, September 13th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Coeur Mining currently has an average rating of “Hold” and a consensus price target of $10.29.
Coeur Mining, Inc. (NYSE CDE) opened at $6.89 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.51 and a current ratio of 3.68. Coeur Mining, Inc. has a fifty-two week low of $6.71 and a fifty-two week high of $12.30.
Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, October 25th. The basic materials company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.17). Coeur Mining had a negative net margin of 2.41% and a negative return on equity of 1.37%. The business had revenue of $176.00 million for the quarter, compared to analyst estimates of $185.09 million. During the same period last year, the business posted $0.23 earnings per share. Coeur Mining’s revenue for the quarter was up 1.5% on a year-over-year basis. equities analysts predict that Coeur Mining, Inc. will post -0.05 earnings per share 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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