Global X Management Co. LLC Has $19.11 Million Holdings in Coeur Mining Inc (CDE)
Global X Management Co. LLC raised its holdings in Coeur Mining Inc (NYSE:CDE) by 8.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,547,523 shares of the basic materials company’s stock after acquiring an additional 197,712 shares during the quarter. Global X Management Co. LLC’s holdings in Coeur Mining were worth $19,106,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Parametrica Management Ltd acquired a new stake in Coeur Mining in the third quarter valued at approximately $160,000. Raymond James Financial Services Advisors Inc. lifted its stake in Coeur Mining by 83.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 20,380 shares of the basic materials company’s stock valued at $175,000 after acquiring an additional 9,300 shares during the last quarter. First Trust Advisors LP acquired a new stake in Coeur Mining in the third quarter valued at approximately $189,000. Suntrust Banks Inc. lifted its stake in Coeur Mining by 2.8% in the second quarter. Suntrust Banks Inc. now owns 22,566 shares of the basic materials company’s stock valued at $193,000 after acquiring an additional 619 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Coeur Mining in the third quarter valued at approximately $254,000. Hedge funds and other institutional investors own 68.98% of the company’s stock.
A number of analysts have recently weighed in on the stock. Noble Financial restated a “hold” rating on shares of Coeur Mining in a research note on Tuesday, October 31st. BMO Capital Markets set a $9.50 price objective on shares of Coeur Mining and gave the stock a “buy” rating in a research note on Friday, February 9th. ValuEngine cut shares of Coeur Mining from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Zacks Investment Research cut shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Finally, Roth Capital reduced their price objective on shares of Coeur Mining from $12.50 to $10.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $10.13.
Shares of Coeur Mining Inc (NYSE CDE) opened at $8.55 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.97 and a quick ratio of 1.39. Coeur Mining Inc has a one year low of $6.71 and a one year high of $10.24. The firm has a market cap of $1,590.00, a price-to-earnings ratio of 142.50 and a beta of 0.55.
Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $0.08 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.08. The business had revenue of $214.60 million during the quarter, compared to analysts’ expectations of $228.64 million. Coeur Mining had a negative net margin of 0.17% and a positive return on equity of 1.51%. Coeur Mining’s revenue for the quarter was up 54.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 earnings per share. research analysts anticipate that Coeur Mining Inc will post 0.19 EPS for the current fiscal year.
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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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