B. Riley Wealth Advisors Inc. has its shareholding in Coeur Mining, Inc. (NYSE:CDE – Free Report) down 65.9% in the fourth quarter, according to the most recent filing with the Securities and Exchange Commission. The company owned 42,166 shares of the basic materials company stock after selling 81,370 shares during the quarter. The interests of B. Riley Wealth Advisors Inc. in Coeur Mining were worth $142,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the company. The Arizona State Retirement System increased its stake in Coeur Mining stock by 3.9% in the fourth quarter. Arizona State Retirement System now owns 79,254 shares of the company’s basic materials stock valued at $266,000 after purchasing an additional 2,945 shares during the period. Raymond James & Associates strengthened its position in Coeur Mining by 6.4% during the first quarter. Raymond James & Associates now owns 50,555 shares of the company’s $225,000 basic materials stock after purchasing an additional 3,050 shares during the last quarter. American International Group Inc. strengthened its position in Coeur Mining by 2.6% during the second quarter. American International Group Inc. now owns 130,408 shares of the company’s basic materials stock valued at $396,000 after purchasing an additional 3,343 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Coeur Mining by 25.3% during the third quarter. Tower Research Capital LLC TRC now owns 22,225 shares of the company’s $76,000 basic materials stock after purchasing an additional 4,487 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD in the 4th quarter increased its stake in shares of Coeur Mining by 3.6%. Price T Rowe Associates Inc. MD now owns 133,322 shares of the basic materials company stock worth $448,000, having purchased an additional 4,642 shares in the last quarter. 62.60% of the shares are currently held by institutional investors and hedge funds.
Changes in analyst ratings
A number of brokers have weighed in on CDE. StockNews.com began reporting on Coeur Mining in an investigative report on Thursday, May 18. They gave the company a sales recommendation. Raymond James lowered their price target on shares of Coeur Mining from $4.25 to $4.00 and set a “market performance” rating for the company in a research note on Tuesday, May 16. National Bankshares set a target price of $4.25 for shares of Coeur Mining and gave the stock an “outperform” rating in a research report on Wednesday, June 28. Finally, on Tuesday, June 27, National Bank Financial took coverage of Coeur Mining in an investigative report. They set an “outperform” rating and a $4.25 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given the stock a buy rating. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $3.79.
Coeur Mining trade up 2.8%
Shares of Coeur Mining opened at $2.92 on Wednesday. The company has a 50-day moving average of $3.17 and a 200-day moving average of $3.43. The company has a quick ratio of 0.59, a current ratio of 1.27 and a debt-to-equity ratio of 0.49. The stock has a market cap of $972.48 million, a P/E ratio of -7.30 and a beta of 1.53. Cour Mining, Inc. has a 12-month low of $2.54 and a 12-month high of $4.55.
Coeur Mining (NYSE:CDE – Free Report) last reported its earnings results on Wednesday, May 10. The basic materials company reported ($0.11) earnings per share for the quarter, beating analyst consensus estimates of ($0.09) by ($0.02). Coeur Mining had a negative net margin of 14.08% and a negative return on equity of 12.34%. The company had revenue of $187.30 million during the quarter, compared to analyst estimates of $175.13 million. As a group, equity analysts predict that Coeur Mining, Inc. will post -0.13 earnings per share for the current year.
Insiders buying and selling
In related news, COO Michael Routledge bought 8,000 shares of the company’s stock in a Wednesday, May 24, transaction. The stock was acquired at an average cost of $3.16 per share, with a total value of $25,280.00. Following the acquisition, the chief operating officer now owns 301,782 shares of stock in the company, worth approximately $953,631.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed at this link. Insiders acquired 16,600 company shares worth $51,080 in the past quarter. Corporate insiders own 1.74% of the company’s stock.
Coeur Mining Company Profile
Coeur Mining, Inc. searches for precious metals in the United States, Canada and Mexico. It mainly investigates properties of gold, silver, zinc and lead. The company has 100% interests in the Palmarejo gold and silver mine with an area of approximately 67,279 net hectares located in the state of Chihuahua in northern Mexico; the approximately 100,000 acres (43,441 hectares) of Rochester Silver and Gold Mine in northwestern Nevada; the 3,972 net acre Kensington Gold Mine north of Juneau, Alaska; the Wharf Gold Mine with approximately 3,243 net acres located in the northern Black Hills of western South Dakota; and the 97,298 net acre Silvertip silver-zinc-lead mine located in northern British Columbia, Canada.
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