Institutional Investors Are Dumping Coeur Mining Inc (NYSE:CDE)

12 August, 2017, 14:16 | Author: Pamela Mathis

(NYSE:CDE) by 32.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,814,259 shares of the basic materials company's stock after buying an additional 453,663 shares during the period.

Here are a few additional firms who have increased or decreased their stake in (CDE). GMT Capital Corp boosted its position in shares of Coeur Mining by 47.7% in the first quarter. Teacher Retirement System of Texas now owns 14,405 shares of the basic materials company's stock valued at $116,000 after buying an additional 1,133 shares during the last quarter. The legal version of this piece of content can be viewed at https://theolympiareport.com/2017/08/09/coeur-mining-inc-nysecde-shares-bought-by-metropolitan-life-insurance-co-ny-updated.html. Can raised its stake in shares of Coeur Mining by 90.2% in the first quarter. Insiders own 1.30% of the company's stock. As of the end of the quarter Pacad Investment Ltd. had sold a total of 57,900 shares trimming its holdings by 72.9%. Norges Bank acquired a new position in shares of Coeur Mining during the fourth quarter valued at about $12,831,000. Can now owns 24,041 shares of the basic materials company's stock valued at $194,000 after buying an additional 11,400 shares during the period. Hedge funds and other institutional investors own 68.07% of the company's stock.

Coeur Mining, Inc. (CDE)'s ROE is 10.83%, while industry's is -3.05%. (NYSE CDE) traded up 0.39% during mid-day trading on Friday, reaching $7.76. The average numbers of shares are traded in a security per day, during the recent 3-month period. The firm has a 50 day moving average of $8.37 and a 200-day moving average of $9.04. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 20.16 and a beta of 0.57. Globeflex Cap Limited Partnership has invested 0% of its portfolio in Coeur Mining Inc (NYSE:CDE). Also, the number of institutional investors holding Coeur Mining Inc in their top 10 holdings decreased from 3 to 1 for a decrease of 2. For the current year the company's revenue estimates are $781.25 Million compared to low analyst estimates of $747.5 Million and high estimates of $805 Million according to 8 number of analysts. During the same period a year ago, the firm earned $0.09 EPS.

Asia stocks, US$ extend slide as US-North Korea tensions intensify
In commodities , US crude fell 0.67 percent to $49.23 per barrel and Brent was last at $52.58, down 0.23 percent on the day. That came after the S&P 500's biggest one-day fall in almost three months on Thursday, led lower by technology stocks .


Watching some historical volatility numbers on shares of Coeur Mining, Inc.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & worldwide copyright & trademark laws. BidaskClub raised shares of Coeur Mining from a "hold" rating to a "buy" rating in a research report on Saturday, June 10th. Roth Capital maintained the shares of CDE in report on Thursday, July 27 with "Buy" rating. BMO Capital Markets reaffirmed a "buy" rating and issued a $11.00 price target on shares of Coeur Mining in a research note on Friday, June 30th. Royal Bank Of Canada reaffirmed a "buy" rating on shares of Coeur Mining in a research note on Friday, July 14th. Zacks Investment Research upgraded shares of Coeur Mining from a "sell" rating to a "hold" rating in a research note on Thursday, May 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company's stock. The return on assets (ROA) (aka return on total assets, return on average assets), is one of the most widely used profitability ratios because it is related to both profit margin and asset turnover, and shows the rate of return for both creditors and investors of the company.

Consequently Coeur Mining Inc (NYSE:CDE)'s weekly and monthly volatility is 3.14%, 3.84% respectively. The Firm has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina.

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