Coeur Mining Inc (CDE) : Bogle Investment Management L P De added new position in Coeur Mining Inc during the most recent quarter end. The investment management firm now holds 2,317,255 shares of Coeur Mining Inc which is valued at $19.7 Million , the company said in a statement filed on May 13, 2016 with the SEC.Coeur Mining Inc makes up approximately 1.36% of Bogle Investment Management L P De’s portfolio.
Other Hedge Funds, Including , Ubs Asset Management Americas Inc reduced its stake in CDE by selling 48,231 shares or 38.05% in the most recent quarter. The Hedge Fund company now holds 78,529 shares of CDE which is valued at $665,926.Blackrock Group Ltd boosted its stake in CDE in the latest quarter, The investment management firm added 13,617 additional shares and now holds a total of 132,067 shares of Coeur Mining Inc which is valued at $1.1 Million.Teachers Advisors Inc boosted its stake in CDE in the latest quarter, The investment management firm added 1,350,035 additional shares and now holds a total of 1,579,196 shares of Coeur Mining Inc which is valued at $12.5 Million. Coeur Mining Inc makes up approx 0.02% of Teachers Advisors Inc’s portfolio.Swiss National Bank boosted its stake in CDE in the latest quarter, The investment management firm added 45,000 additional shares and now holds a total of 214,800 shares of Coeur Mining Inc which is valued at $1.7 Million.
Coeur Mining Inc opened for trading at $7.25 and hit $7.75 on the upside on Wednesday, eventually ending the session at $7.66, with a gain of 4.50% or 0.33 points. The heightened volatility saw the trading volume jump to 56,24,110 shares. Company has a market cap of $1,173 M.
On the company’s financial health, Coeur Mining Inc reported $-0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $-0.16. The company had revenue of $148.39 million for the quarter, compared to analysts expectations of $143.38 million. The company’s revenue was down -3.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.24 EPS.
Many Wall Street Analysts have commented on Coeur Mining Inc. Coeur Mining Inc was Downgraded by CIBC to ” Sector Underperform” on Apr 8, 2016. Deutsche Bank Downgraded Coeur Mining Inc on Mar 23, 2016 to ” Sell”, Price Target of the shares are set at $3.40.
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.