Legal & General Group Plc Buys 21,754 Shares of Coeur Mining Inc (CDE)
Legal & General Group Plc increased its stake in Coeur Mining Inc (NYSE:CDE) by 33.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 87,590 shares of the basic materials company’s stock after acquiring an additional 21,754 shares during the quarter. Legal & General Group Plc’s holdings in Coeur Mining were worth $805,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Nordea Investment Management AB grew its holdings in shares of Coeur Mining by 18.8% in the 3rd quarter. Nordea Investment Management AB now owns 253,081 shares of the basic materials company’s stock worth $2,326,000 after acquiring an additional 40,137 shares during the last quarter. American International Group Inc. grew its holdings in shares of Coeur Mining by 8.1% during the third quarter. American International Group Inc. now owns 121,469 shares of the basic materials company’s stock valued at $1,116,000 after buying an additional 9,082 shares in the last quarter. Cipher Capital LP grew its holdings in shares of Coeur Mining by 19.5% during the third quarter. Cipher Capital LP now owns 531,059 shares of the basic materials company’s stock valued at $4,880,000 after buying an additional 86,563 shares in the last quarter. Ninepoint Partners LP purchased a new position in shares of Coeur Mining during the third quarter valued at $6,378,000. Finally, SG Americas Securities LLC purchased a new position in shares of Coeur Mining during the third quarter valued at $266,000. Institutional investors and hedge funds own 69.73% of the company’s stock.
In other Coeur Mining news, CFO Peter C. Mitchell sold 10,000 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $7.67, for a total value of $76,700.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Mark Spurbeck sold 15,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $7.42, for a total value of $111,300.00. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
Coeur Mining Inc (NYSE:CDE) opened at $7.51 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.68 and a quick ratio of 2.51. Coeur Mining Inc has a 52 week low of $6.71 and a 52 week high of $12.30. The company has a market capitalization of $1,390.00, a PE ratio of -75.10 and a beta of 0.38.
Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, October 25th. The basic materials company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.17). Coeur Mining had a negative net margin of 2.41% and a negative return on equity of 1.37%. The firm had revenue of $176.00 million during the quarter, compared to analysts’ expectations of $185.09 million. During the same quarter last year, the firm earned $0.23 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. equities research analysts forecast that Coeur Mining Inc will post -0.05 EPS for the current fiscal year.
Coeur Mining Profile
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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