Donald Smith Lowers stake in Coeur Mining Inc (CDE)

Coeur Mining Inc (CDE) : Donald Smith reduced its stake in Coeur Mining Inc by 26.19% during the most recent quarter end. The investment management company now holds a total of 7,557,241 shares of Coeur Mining Inc which is valued at $118,270,822 after selling 2,681,184 shares in Coeur Mining Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Coeur Mining Inc makes up approximately 3.02% of Donald Smith’s portfolio.

Other Hedge Funds, Including , Engineers Gate Manager Lp reduced its stake in CDE by selling 274,205 shares or 42.4% in the most recent quarter. The Hedge Fund company now holds 372,472 shares of CDE which is valued at $5,829,187. Coeur Mining Inc makes up approx 0.40% of Engineers Gate Manager Lp’s portfolio.Blackrock Advisors boosted its stake in CDE in the latest quarter, The investment management firm added 103,664 additional shares and now holds a total of 167,102 shares of Coeur Mining Inc which is valued at $2,615,146. Commonwealth Equity Services Inc sold out all of its stake in CDE during the most recent quarter. The investment firm sold 10,570 shares of CDE which is valued $163,835. Sonora Investment Management sold out all of its stake in CDE during the most recent quarter. The investment firm sold 201 shares of CDE which is valued $2,812.Creative Planning boosted its stake in CDE in the latest quarter, The investment management firm added 154 additional shares and now holds a total of 2,873 shares of Coeur Mining Inc which is valued at $37,378.

Coeur Mining Inc closed down -0.16 points or -1.08% at $14.6 with 43,22,388 shares getting traded on Tuesday. Post opening the session at $14.91, the shares hit an intraday low of $14.5 and an intraday high of $14.99 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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