Newest Filing: Coeur Mining, Inc Has Another Bullish Trade, Van Eck Associates Corp Bought Stake!

Newest Filing: Coeur Mining, Inc Has Another Bullish Trade, Van Eck Associates Corp Bought Stake!

The New Van Eck Associates Corp Holding in Coeur Mining, Inc

Van Eck Associates Corp filed with the SEC SC 13G/A form for Coeur Mining, Inc. The form can be accessed here: 000086917816000226. As reported in Van Eck Associates Corp’s form, the filler as of late owns 5.59% or 9,071,544 shares of the Materials–company.

Coeur Mining, Inc stake is a new one for the for this institutional investor and it was filed because of activity on September 16, 2016. We feel this shows Van Eck Associates Corp’s positive view for the stock. For a institutional investor managing $30.53 billion in assets and having 161+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

Coeur Mining, Inc Institutional Sentiment

Latest Security and Exchange filings show 141 investors own Coeur Mining, Inc. The institutional ownership in Q3 2015 is high, at 55.57% of the outstanding shares. This is increased by 7952257 the total institutional shares. 90222107 were the shares owned by these institutional investors. In total 17 funds opened new Coeur Mining, Inc stakes, 50 increased stakes. There were 24 that closed positions and 41 reduced them.

Donald Smith & Company Inc is an institutional investor bullish on Coeur Mining, Inc, owning 12822255 shares as of Q3 2015 for 0.94% of its portfolio. Peter Franklin Palmedo Sun Valley Gold Llc owns 200000 shares or 0.03% of its portfolio. CA Talkot Capital Llc have 0.45% of their stock portfolio for 200000 shares. Further, Aegis Financial Corp reported stake worth 1.29% of its US stock portfolio. The NC Shah Capital Management owns 2205105 shares. Coeur Mining, Inc is 6.41% of the manager’s US portfolio.

Business Profile

Coeur Mining, Inc. is a gold and silver producer. The Company’s segments include Palmarejo complex, Rochester, Kensington, Wharf and San Bartolome mines, and Coeur Capital. The Company also a non-operating interest in the Endeavor mine in Australia in addition to royalties on the El Gallo complex in Mexico, the Zaruma mine in Ecuador, and the Correnso mine in New Zealand. In addition, the Company has two silver-gold feasibility stage projects: the La Preciosa project in Mexico and the Joaquin project in Argentina. The Company also conducts exploration activities in Alaska, Argentina, Bolivia, Mexico, and Nevada. The Company owns strategic investment positions in several silver and gold development companies with projects in North and South America. It owns Coeur Capital, Inc., which primarily consists of the Endeavor silver stream as well as other precious metal royalties and strategic investments.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Van Eck Associates Corp website.

Insitutional Activity: The institutional sentiment increased to 2.04 in Q2 2016. Its up 1.12, from 0.92 in 2016Q1. The ratio increased, as 14 funds sold all Coeur Mining Inc shares owned while 36 reduced positions. 37 funds bought stakes while 65 increased positions. They now own 111.63 million shares or 25.38% more from 89.04 million shares in 2016Q1.

Financial Architects Incorporated last reported 0% of its portfolio in the stock. Barclays Public Ltd Company has invested 0.01% of its portfolio in Coeur Mining Inc (NYSE:CDE). Cornerstone Capital Mngmt Lc has invested 0.01% of its portfolio in Coeur Mining Inc (NYSE:CDE). Sprott holds 1% of its portfolio in Coeur Mining Inc (NYSE:CDE) for 1.82M shares. Clarivest Asset Management Limited Liability Company has invested 0.02% of its portfolio in Coeur Mining Inc (NYSE:CDE). Frontier Co Llc holds 0.25% of its portfolio in Coeur Mining Inc (NYSE:CDE) for 2.91 million shares. Raymond James Incorporated owns 14,395 shares or 0% of their US portfolio. Citigroup has invested 0% of its portfolio in Coeur Mining Inc (NYSE:CDE). First Manhattan Com, a New York-based fund reported 1,050 shares. Old Mutual (Uk) Ltd has invested 0.03% of its portfolio in Coeur Mining Inc (NYSE:CDE). Teacher Retirement System Of Texas has invested 0% of its portfolio in Coeur Mining Inc (NYSE:CDE). Messner Smith Theme Value Management Limited Ca owns 4,825 shares or 0.09% of their US portfolio. Vanguard has 0.01% invested in the company for 10.97 million shares. Next Fincl Gp accumulated 0% or 26 shares. The Illinois-based Guggenheim Cap Limited Liability Corporation has invested 0.02% in Coeur Mining Inc (NYSE:CDE).

Insider Transactions: Since April 29, 2016, the stock had 3 insider purchases, and 7 insider sales for $679,443 net activity. $125,500 worth of Coeur Mining Inc (NYSE:CDE) was sold by Mitchell Peter C. on Thursday, September 1. Shares for $61,275 were sold by Rasmussen Hans John. Another trade for 4,565 shares valued at $71,899 was sold by Spurbeck Mark. MELLOR ROBERT E bought $15,473 worth of Coeur Mining Inc (NYSE:CDE) on Friday, August 5. 7,500 shares were sold by THOMPSON J KENNETH, worth $116,423.

Analysts await Coeur Mining Inc (NYSE:CDE) to report earnings on November, 7. They expect $0.11 EPS, up 210.00% or $0.21 from last year’s $-0.1 per share. CDE’s profit will be $17.80M for 25.14 P/E if the $0.11 EPS becomes a reality. After $0.09 actual EPS reported by Coeur Mining Inc for the previous quarter, Wall Street now forecasts 22.22% EPS growth.

About 3.18M shares traded hands. Coeur Mining Inc (NYSE:CDE) has risen 136.95% since March 4, 2016 and is uptrending. It has outperformed by 128.91% the S&P500.

Coeur Mining, Inc. is a gold and silver producer. The company has a market cap of $1.79 billion. The Company’s divisions include Palmarejo complex, Rochester, Kensington, Wharf and San Bartolome mines, and Coeur Capital. It currently has negative earnings. The Firm also a non-operating interest in the Endeavor mine in Australia in addition to royalties on the El Gallo complex in Mexico, the Zaruma mine in Ecuador, and the Correnso mine in New Zealand.

Coeur Mining Inc (NYSE:CDE) Ratings Coverage

Out of 6 analysts covering Coeur Mining (NYSE:CDE), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. $9 is the highest target while $3.40 is the lowest. The $5.33 average target is -51.90% below today’s ($11.08) stock price. Coeur Mining has been the topic of 18 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Tuesday, October 13, the company rating was maintained by TH Capital. The firm has “Outperform” rating by Raymond James given on Monday, June 27. The rating was maintained by Roth Capital with “Buy” on Tuesday, October 13. BMO Capital Markets upgraded it to “Market Perform” rating and $3.50 target price in Friday, February 12 report. Deutsche Bank downgraded Coeur Mining Inc (NYSE:CDE) on Wednesday, March 23 to “Sell” rating. As per Thursday, July 14, the company rating was upgraded by RBC Capital Markets. The stock of Coeur Mining Inc (NYSE:CDE) has “” rating given on Tuesday, August 30 by IBC. The company was downgraded on Friday, April 8 by IBC. Deutsche Bank maintained Coeur Mining Inc (NYSE:CDE) rating on Monday, November 9. Deutsche Bank has “Hold” rating and $3.50 price target. As per Monday, October 5, the company rating was maintained by Deutsche Bank.

Another recent and important Coeur Mining Inc (NYSE:CDE) news was published by Fool.com which published an article titled: “With Its Stock Up 400%, Coeur Mining Inc. Is Cashing In” on September 14, 2016.

According to Zacks Investment Research, “Coeur Mining, Inc. operates as a primary silver and gold producer with precious metals mines in the Americas. The company’s principal properties include the Palmarejo silver-gold mine in Mexico, the San Bartolome silver mine in Bolivia, the Rochester silver-gold mine in Nevada and the Kensington gold mine in Alaska. It also conducts ongoing exploration activities in Alaska, Argentina, Bolivia, Mexico, and Nevada. Coeur Mining, Inc., formerly known as Coeur d’Alene Mines Corporation, is headquartered in Chicago, Illinois.”

CDE Company Profile

Coeur Mining, Inc., incorporated on May 15, 2013, is a gold and silver producer. The Company’s divisions include Palmarejo complex, Rochester, Kensington, Wharf and San Bartolome mines, and Coeur Capital. The Firm also has a non-operating interest in the Endeavor mine in Australia in addition to royalties on the El Gallo complex in Mexico, the Zaruma mine in Ecuador, and the Correnso mine in New Zealand. In addition, the Company has two silver-gold feasibility stage projects: the La Preciosa project in Mexico and the Joaquin project in Argentina. The Firm also conducts exploration activities in Alaska, Argentina, Bolivia, Mexico, and Nevada. The Firm owns strategic investment positions in several silver and gold development companies with projects in North and South America.

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