52,761 Shares in Coeur Mining Inc (CDE) Acquired by Symons Capital Management Inc.

Symons Capital Management Inc. acquired a new position in Coeur Mining Inc (NYSE:CDE) during the 3rd quarter, Holdings Channel reports. The fund acquired 52,761 shares of the basic materials company’s stock, valued at approximately $281,000.

Other institutional investors have also added to or reduced their stakes in the company. Stevens Capital Management LP boosted its position in shares of Coeur Mining by 60.9% in the 2nd quarter. Stevens Capital Management LP now owns 30,207 shares of the basic materials company’s stock worth $230,000 after buying an additional 11,430 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Coeur Mining by 41.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 60,728 shares of the basic materials company’s stock worth $324,000 after buying an additional 17,860 shares in the last quarter. Tibra Equities Europe Ltd purchased a new stake in shares of Coeur Mining in the 2nd quarter worth about $337,000. Engineers Gate Manager LP boosted its position in shares of Coeur Mining by 39.8% in the 2nd quarter. Engineers Gate Manager LP now owns 52,958 shares of the basic materials company’s stock worth $402,000 after buying an additional 15,085 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Coeur Mining by 122.0% in the 3rd quarter. SG Americas Securities LLC now owns 82,378 shares of the basic materials company’s stock worth $439,000 after buying an additional 45,272 shares in the last quarter. Institutional investors and hedge funds own 66.90% of the company’s stock.

Several research firms recently commented on CDE. ValuEngine lowered shares of Coeur Mining from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 28th. Raymond James set a $8.00 price objective on shares of Coeur Mining and gave the stock a “buy” rating in a research report on Thursday, November 1st. Noble Financial upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a research report on Friday, July 27th. BMO Capital Markets set a $8.00 price objective on shares of Coeur Mining and gave the stock a “buy” rating in a research report on Thursday, October 11th. Finally, Zacks Investment Research lowered shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $8.96.

NYSE:CDE opened at $4.35 on Thursday. The stock has a market capitalization of $826.37 million, a price-to-earnings ratio of 217.50 and a beta of 0.74. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.96. Coeur Mining Inc has a 12-month low of $4.08 and a 12-month high of $8.94.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, October 31st. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.02). The firm had revenue of $148.80 million during the quarter, compared to analysts’ expectations of $151.15 million. Coeur Mining had a negative net margin of 5.92% and a negative return on equity of 0.47%. Coeur Mining’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.10) earnings per share. Analysts forecast that Coeur Mining Inc will post -0.13 earnings per share for the current year.

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Coeur Mining Company Profile

Coeur Mining, Inc owns, operates, explores for, and develops silver and gold properties. It holds interests in the Palmarejo silver-gold complex located in Mexico; the Silvertip silver-zinc-lead mine located in British Columbia; the Rochester silver-gold mine located in Nevada; the Kensington gold mine located in Alaska; and the Wharf gold mine located in South Dakota.

Read More: The Structure of a Futures Contract

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Institutional Ownership by Quarter for Coeur Mining (NYSE:CDE)

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