Shah Capital Management Lowers stake in Coeur Mining Inc (CDE)

Coeur Mining Inc (CDE) : Shah Capital Management reduced its stake in Coeur Mining Inc by 19.71% during the most recent quarter end. The investment management company now holds a total of 1,798,525 shares of Coeur Mining Inc which is valued at $19,927,657 after selling 441,650 shares in Coeur Mining Inc , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Coeur Mining Inc makes up approximately 11.21% of Shah Capital Management’s portfolio.

Other Hedge Funds, Including , Creative Planning boosted its stake in CDE in the latest quarter, The investment management firm added 47,340 additional shares and now holds a total of 50,213 shares of Coeur Mining Inc which is valued at $538,785.Legal General Group Plc boosted its stake in CDE in the latest quarter, The investment management firm added 13,221 additional shares and now holds a total of 36,891 shares of Coeur Mining Inc which is valued at $395,840.Cutler Group Lp boosted its stake in CDE in the latest quarter, The investment management firm added 35,690 additional shares and now holds a total of 36,327 shares of Coeur Mining Inc which is valued at $400,687. Coeur Mining Inc makes up approx 0.02% of Cutler Group Lp’s portfolio. Advisory Services Network added CDE to its portfolio by purchasing 62,213 company shares during the most recent quarter which is valued at $681,854. Coeur Mining Inc makes up approx 0.13% of Advisory Services Network’s portfolio.

Coeur Mining Inc closed down -0.3 points or -2.72% at $10.73 with 40,79,893 shares getting traded on Tuesday. Post opening the session at $10.88, the shares hit an intraday low of $10.63 and an intraday high of $11.06 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. Coeur Mining Inc was Upgraded by CIBC to ” Sector Perform” on Aug 30, 2016.

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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