Hollencrest Capital Management Takes $289,000 Position in Coeur Mining Inc (NYSE:CDE)

Hollencrest Capital Management acquired a new stake in shares of Coeur Mining Inc (NYSE:CDE) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 60,000 shares of the basic materials company’s stock, valued at approximately $289,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC bought a new stake in shares of Coeur Mining in the third quarter worth $68,000. Nisa Investment Advisors LLC increased its stake in shares of Coeur Mining by 4,623.7% in the third quarter. Nisa Investment Advisors LLC now owns 43,930 shares of the basic materials company’s stock worth $211,000 after buying an additional 43,000 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Coeur Mining in the third quarter worth $95,000. Macquarie Group Ltd. increased its stake in shares of Coeur Mining by 7.1% in the second quarter. Macquarie Group Ltd. now owns 5,265,765 shares of the basic materials company’s stock worth $22,854,000 after buying an additional 347,633 shares during the last quarter. Finally, Nuveen Asset Management LLC bought a new stake in shares of Coeur Mining in the second quarter worth $3,493,000. Institutional investors own 65.47% of the company’s stock.

In other news, SVP Casey M. Nault sold 30,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $5.01, for a total transaction of $150,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kenneth J. Watkinson sold 9,891 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $5.48, for a total transaction of $54,202.68. The disclosure for this sale can be found here. Insiders own 1.88% of the company’s stock.

A number of equities analysts have commented on CDE shares. ValuEngine downgraded shares of Coeur Mining from a “hold” rating to a “sell” rating in a report on Thursday, October 10th. Noble Financial set a $6.00 price objective on shares of Coeur Mining and gave the stock a “buy” rating in a report on Friday, August 9th. Raymond James lifted their price objective on shares of Coeur Mining from $5.25 to $5.50 and gave the stock an “outperform” rating in a report on Friday, August 9th. Zacks Investment Research downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Finally, BMO Capital Markets set a $5.00 price objective on shares of Coeur Mining and gave the stock a “hold” rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $5.79.

Coeur Mining stock opened at $5.19 on Friday. The company has a market cap of $1.08 billion, a PE ratio of -519.00 and a beta of 0.72. The company has a fifty day moving average price of $5.01 and a two-hundred day moving average price of $4.32. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.05 and a quick ratio of 0.42. Coeur Mining Inc has a 12 month low of $2.78 and a 12 month high of $5.99.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, August 7th. The basic materials company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). Coeur Mining had a negative return on equity of 6.00% and a negative net margin of 17.81%. The business had revenue of $162.12 million during the quarter, compared to analyst estimates of $161.18 million. During the same period in the prior year, the firm earned $0.01 EPS. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. Equities research analysts anticipate that Coeur Mining Inc will post -0.23 earnings per share for the current year.

About Coeur Mining

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

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

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