Nordea Investment Management AB increased its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 18.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 253,081 shares of the basic materials company’s stock after acquiring an additional 40,137 shares during the period. Nordea Investment Management AB owned about 0.14% of Coeur Mining worth $2,326,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Teacher Retirement System of Texas lifted its stake in Coeur Mining by 1.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 14,587 shares of the basic materials company’s stock worth $125,000 after acquiring an additional 182 shares in the last quarter. Virtu KCG Holdings LLC lifted its stake in Coeur Mining by 1.7% during the 2nd quarter. Virtu KCG Holdings LLC now owns 34,538 shares of the basic materials company’s stock worth $293,000 after acquiring an additional 569 shares in the last quarter. Suntrust Banks Inc. lifted its stake in Coeur Mining by 2.8% during the 2nd quarter. Suntrust Banks Inc. now owns 22,566 shares of the basic materials company’s stock worth $193,000 after acquiring an additional 619 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Coeur Mining by 0.7% during the 2nd quarter. Principal Financial Group Inc. now owns 99,301 shares of the basic materials company’s stock worth $852,000 after acquiring an additional 663 shares in the last quarter. Finally, Nationwide Fund Advisors lifted its stake in Coeur Mining by 0.8% during the 2nd quarter. Nationwide Fund Advisors now owns 106,748 shares of the basic materials company’s stock worth $916,000 after acquiring an additional 840 shares in the last quarter. 69.75% of the stock is currently owned by hedge funds and other institutional investors.

Coeur Mining, Inc. (NYSE:CDE) traded down $0.20 during mid-day trading on Wednesday, reaching $6.99. The company’s stock had a trading volume of 2,136,500 shares, compared to its average volume of 3,131,419. The company has a current ratio of 3.68, a quick ratio of 2.51 and a debt-to-equity ratio of 0.36. Coeur Mining, Inc. has a 52 week low of $6.93 and a 52 week high of $12.30.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, October 25th. The basic materials company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.17). Coeur Mining had a negative return on equity of 1.37% and a negative net margin of 2.41%. 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 EPS. Coeur Mining’s revenue was up 1.5% on a year-over-year basis. equities analysts forecast that Coeur Mining, Inc. will post -0.05 EPS for the current fiscal year.

In other news, VP Mark Spurbeck sold 9,500 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $9.25, for a total transaction of $87,875.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Hans John Rasmussen sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $9.25, for a total value of $92,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 54,810 shares of company stock worth $464,155 in the last three months. Corporate insiders own 1.30% of the company’s stock.

CDE has been the topic of a number of analyst reports. Zacks Investment Research lowered Coeur Mining from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Canaccord Genuity reaffirmed a “buy” rating and issued a $11.75 price target on shares of Coeur Mining in a research report on Thursday, September 7th. Royal Bank Of Canada set a $11.00 price target on Coeur Mining and gave the company a “buy” rating in a research report on Friday, October 27th. Roth Capital set a $13.00 price target on Coeur Mining and gave the company a “buy” rating in a research report on Thursday, October 5th. Finally, ValuEngine lowered Coeur Mining from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $10.29.

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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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