Metropolitan Life Insurance Co. NY increased its stake in Coeur Mining, Inc. (NYSE:CDE) by 1.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 123,874 shares of the basic materials company’s stock after buying an additional 1,682 shares during the period. Metropolitan Life Insurance Co. NY owned 0.07% of Coeur Mining worth $1,001,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Swiss National Bank increased its stake in shares of Coeur Mining by 16.1% in the first quarter. Swiss National Bank now owns 309,800 shares of the basic materials company’s stock valued at $2,503,000 after buying an additional 42,900 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Coeur Mining by 6.6% in the first quarter. Bank of New York Mellon Corp now owns 850,024 shares of the basic materials company’s stock worth $6,868,000 after buying an additional 52,875 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in shares of Coeur Mining by 89.6% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 353,793 shares of the basic materials company’s stock worth $2,859,000 after buying an additional 167,224 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new position in shares of Coeur Mining during the first quarter worth about $342,000. Finally, Great West Life Assurance Co. Can boosted its position in shares of Coeur Mining by 90.2% in the first quarter. Great West Life Assurance Co. Can now owns 24,041 shares of the basic materials company’s stock worth $194,000 after buying an additional 11,400 shares in the last quarter. 67.61% of the stock is owned by institutional investors.
Coeur Mining, Inc. (NYSE:CDE) opened at 8.22 on Friday. Coeur Mining, Inc. has a 52 week low of $7.30 and a 52 week high of $16.41. The firm’s 50-day moving average price is $8.52 and its 200 day moving average price is $9.14. The company has a market capitalization of $1.49 billion, a PE ratio of 14.86 and a beta of 0.58.
Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, July 26th. The basic materials company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). Coeur Mining had a return on equity of 10.62% and a net margin of 9.65%. The firm had revenue of $173.40 million for the quarter, compared to the consensus estimate of $174.70 million. During the same quarter last year, the company earned $0.09 earnings per share. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities research analysts expect that Coeur Mining, Inc. will post $0.15 earnings per share for the current fiscal year.
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A number of equities analysts recently issued reports on CDE shares. Zacks Investment Research upgraded Coeur Mining from a “sell” rating to a “hold” rating in a report on Thursday, April 27th. Royal Bank Of Canada set a $13.00 target price on Coeur Mining and gave the stock a “buy” rating in a report on Monday, June 12th. BidaskClub cut Coeur Mining from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Noble Financial reiterated a “hold” rating on shares of Coeur Mining in a report on Friday. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $11.00 target price on shares of Coeur Mining in a report on Friday, June 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $11.29.
About Coeur Mining
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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