Van Eck Associates Corp Increased Coeur Mining Inc (NYSE:CDE) Stake by $10.13 Million

February 14, 2018 - By Adrian Erickson

Investors sentiment increased to 1.04 in Q3 2017. Its up 0.18, from 0.86 in 2017Q2. It is positive, as 25 investors sold CDE shares while 45 reduced holdings. 30 funds opened positions while 43 raised stakes. 126.65 million shares or 2.92% more from 123.06 million shares in 2017Q2 were reported. Federated Investors Inc Pa holds 1,472 shares. Thrivent Financial For Lutherans invested in 222 shares. 44,978 were reported by Stoneridge Inv Prtn Ltd Liability Corp. Aqr Mngmt Limited Liability Corporation has invested 0% in Coeur Mining, Inc. (NYSE:CDE). Teacher Retirement System Of Texas reported 0% of its portfolio in Coeur Mining, Inc. (NYSE:CDE). 119,102 were reported by Ubs Asset Mgmt Americas. Commercial Bank Of New York Mellon Corporation holds 0% or 890,326 shares in its portfolio. Walleye Trading Limited Liability, a Minnesota-based fund reported 439 shares. Jane Street Grp Ltd Limited Liability Company stated it has 226,736 shares. Geode Management Lc holds 0.01% in Coeur Mining, Inc. (NYSE:CDE) or 1.49M shares. Legal And General Gru Public Limited Company stated it has 0% of its portfolio in Coeur Mining, Inc. (NYSE:CDE). Millennium Mngmt Ltd Company reported 55,036 shares. Barclays Public Ltd holds 82,553 shares. Rothschild Invest Corporation Il invested in 81,875 shares or 0.09% of the stock. Comml Bank Of Montreal Can has invested 0.01% in Coeur Mining, Inc. (NYSE:CDE).

Since August 28, 2017, it had 0 buys, and 6 insider sales for $645,969 activity. Hanagarne Frank L. Jr. also sold $244,800 worth of Coeur Mining, Inc. (NYSE:CDE) on Monday, August 28. $92,500 worth of Coeur Mining, Inc. (NYSE:CDE) was sold by Rasmussen Hans John. Spurbeck Mark sold $87,875 worth of Coeur Mining, Inc. (NYSE:CDE) on Friday, September 15.

Van Eck Associates Corp increased its stake in Coeur Mining Inc (NYSE:CDE) by 8.26% based on its latest 2017Q4 regulatory filing with the SEC. Van Eck Associates Corp bought 1.45 million shares as the company’s stock rose 6.31% with the market. The institutional investor held 18.98 million shares of the basic industries company at the end of 2017Q4, valued at $142.31M, up from 17.53 million at the end of the previous reported quarter. Van Eck Associates Corp who had been investing in Coeur Mining Inc for a number of months, seems to be bullish on the $1.45 billion market cap company. The stock increased 2.08% or $0.16 during the last trading session, reaching $7.84. About 2.63M shares traded. Coeur Mining, Inc. (NYSE:CDE) has risen 21.49% since February 14, 2017 and is uptrending. It has outperformed by 4.79% the S&P500.

Van Eck Associates Corp, which manages about $30.53B and $20.27 billion US Long portfolio, decreased its stake in Polaris Industries Inc (NYSE:PII) by 191,972 shares to 147,835 shares, valued at $18.33M in 2017Q4, according to the filing. It also reduced its holding in Agnico Eagle Mines Ltd (NYSE:AEM) by 1.02 million shares in the quarter, leaving it with 11.90 million shares, and cut its stake in Deere & Co (NYSE:DE).

Van Eck Associates Corp is a New York-based institutional investor with more than $30.53 billion AUM in August, 2014. Taken from Van Eck Associates latest Adv, the fund reported to have 161 full and part-time employees. Among which 36 performing investment advisory and research functions. The institutional investor had between 26-100 clients.

Coeur Mining, Inc. (NYSE:CDE) Ratings Coverage

Among 8 analysts covering Coeur Mining (NYSE:CDE), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Coeur Mining has $18 highest and $3.40 lowest target. $8.06’s average target is 2.81% above currents $7.84 stock price. Coeur Mining had 48 analyst reports since August 6, 2015 according to SRatingsIntel. Roth Capital maintained Coeur Mining, Inc. (NYSE:CDE) rating on Sunday, January 21. Roth Capital has “Buy” rating and $10.0 target. The stock of Coeur Mining, Inc. (NYSE:CDE) has “Sell” rating given on Wednesday, March 23 by Deutsche Bank. As per Thursday, July 14, the company rating was upgraded by RBC Capital Markets. The firm has “Buy” rating by Raymond James given on Tuesday, November 21. The firm earned “Buy” rating on Thursday, May 25 by RBC Capital Markets. RBC Capital Markets maintained the shares of CDE in report on Monday, September 25 with “Buy” rating. On Tuesday, September 12 the stock rating was maintained by Noble Financial with “Hold”. Deutsche Bank upgraded the stock to “Hold” rating in Monday, October 3 report. The rating was maintained by Roth Capital with “Buy” on Thursday, July 27. BMO Capital Markets maintained Coeur Mining, Inc. (NYSE:CDE) rating on Monday, September 11. BMO Capital Markets has “Buy” rating and $11.0 target.

Coeur Mining, Inc. owns, operates, explores for, and develops silver and gold properties. The company has market cap of $1.45 billion. 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. It currently has negative earnings. The Firm also owns interest in the La Preciosa silver-gold project located in the State of Durango in northern Mexico.

More notable recent Coeur Mining, Inc. (NYSE:CDE) news were published by: Seekingalpha.com which released: “Coeur Mining +3% as silver equivalent output hits record” on February 07, 2018, also Nasdaq.com with their article: “Coeur Mining Inc. Q4 Income Climbs” published on February 07, 2018, Businesswire.com published: “Coeur Reports Fourth Quarter and Full-Year 2017 Results and Provides 2018 Cost …” on February 07, 2018. More interesting news about Coeur Mining, Inc. (NYSE:CDE) were released by: Nasdaq.com and their article: “Earnings Reaction History: Coeur Mining Inc, 85.7% Follow-Through Indicator, 8 …” published on February 07, 2018 as well as Fool.com‘s news article titled: “Is Coeur Mining, Inc. a Buy in 2018?” with publication date: January 31, 2018.

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