Gmt Capital Corp buys $103,472,621 stake in Coeur Mining Inc (CDE)

Coeur Mining Inc (CDE) : Gmt Capital Corp scooped up 1,258,405 additional shares in Coeur Mining Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 6,536,489 shares of Coeur Mining Inc which is valued at $103,472,621.Coeur Mining Inc makes up approximately 2.31% of Gmt Capital Corp’s portfolio.

Other Hedge Funds, Including , Feltz Wealth Plan added CDE to its portfolio by purchasing 31,406 company shares during the most recent quarter which is valued at $497,157. Coeur Mining Inc makes up approx 0.03% of Feltz Wealth Plan’s portfolio. Fuller Thaler Asset Management added CDE to its portfolio by purchasing 639,300 company shares during the most recent quarter which is valued at $9,909,150. Coeur Mining Inc makes up approx 0.16% of Fuller Thaler Asset Management’s portfolio.Alps Advisors Inc boosted its stake in CDE in the latest quarter, The investment management firm added 362,478 additional shares and now holds a total of 705,048 shares of Coeur Mining Inc which is valued at $9,969,379. Coeur Mining Inc makes up approx 0.09% of Alps Advisors Inc’s portfolio. Sigma Planning Corp added CDE to its portfolio by purchasing 82,007 company shares during the most recent quarter which is valued at $1,100,534. Coeur Mining Inc makes up approx 0.14% of Sigma Planning Corp’s portfolio.

Coeur Mining Inc opened for trading at $15.73 and hit $16 on the upside on Monday, eventually ending the session at $15.77, with a gain of 0.77% or 0.12 points. The heightened volatility saw the trading volume jump to 41,80,533 shares. Company has a market cap of $2,560 M.

On the company’s financial health, Coeur Mining Inc reported $0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.03. The company had revenue of $182.00 million for the quarter, compared to analysts expectations of $171.14 million. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.11 EPS.

Many Wall Street Analysts have commented on Coeur Mining Inc. Company shares were Upgraded by RBC Capital Mkts on Jul 14, 2016 to ” Outperform”, Firm has raised the Price Target to $ 18 from a previous price target of $9 .Coeur Mining Inc was Upgraded by Raymond James to ” Outperform” on Jun 27, 2016. RBC Capital Mkts Initiated Coeur Mining Inc on Jun 21, 2016 to “Sector Perform”, Price Target of the shares are set at $9.

Coeur Mining Inc. (Coeur) is a silver producer. The Company has gold production and mines located in the United States Mexico and Bolivia; a silver interest in Australia and exploration projects in Mexico and Argentina. The Company’s segments include Palmarejo San Bartolome Rochester Kensington La Preciosa and Coeur Capital. The Palmarejo surface and underground silver and gold mine owned and operated by Coeur Mexicana is located in the state of Chihuahua Mexico. The San Bartolome silver mine operated by Manquiri is located on the flanks of the Cerro Rico Mountain. The Rochester mine is an open pit silver and gold mine located in Pershing County Nevada. The Kensington underground gold mine is located on the east side of the Lynn Canal. La Preciosa is an advanced-stage silver and gold exploration project located around 52 miles northeast of the city of Durango in Durango State Mexico. Coeur Capital holds the Endeavor silver stream and other precious metals royalties.

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