Coeur Mining Inc (CDE) : Advisory Services Network added new position in Coeur Mining Inc during the most recent quarter end. The investment management firm now holds 62,213 shares of Coeur Mining Inc which is valued at $681,854 , the company said in a statement filed on Oct 7, 2016 with the SEC.Coeur Mining Inc makes up approximately 0.13% of Advisory Services Network’s portfolio.
Other Hedge Funds, Including , First Mercantile Trust Co reduced its stake in CDE by selling 5,501 shares or 12.48% in the most recent quarter. The Hedge Fund company now holds 38,587 shares of CDE which is valued at $422,914. Coeur Mining Inc makes up approx 0.06% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in CDE by selling 22,090 shares or 17.22% in the most recent quarter. The Hedge Fund company now holds 106,171 shares of CDE which is valued at $1,141,338.
Coeur Mining Inc opened for trading at $10.96 and hit $11.27 on the upside on Friday, eventually ending the session at $10.96, with a gain of 2.33% or 0.25 points. The heightened volatility saw the trading volume jump to 59,00,589 shares. Company has a market cap of $1,780 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. Coeur Mining Inc was Upgraded by CIBC to ” Sector Perform” on Aug 30, 2016. 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. (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.