Ritholtz Wealth Management raised its holdings in Coeur Mining, Inc. (NYSE:CDE – Free Report) by 284.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 70,430 shares of the basic materials company’s stock after purchasing an additional 52,103 shares during the quarter. Ritholtz Wealth Management’s holdings in Coeur Mining were worth $1,322,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the stock. Sprott Inc. boosted its stake in shares of Coeur Mining by 2.0% during the 3rd quarter. Sprott Inc. now owns 9,208,046 shares of the basic materials company’s stock worth $172,743,000 after acquiring an additional 176,388 shares in the last quarter. Van ECK Associates Corp boosted its position in Coeur Mining by 55.8% during the third quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company’s stock worth $1,238,201,000 after acquiring an additional 23,646,265 shares during the last quarter. Algert Global LLC increased its stake in shares of Coeur Mining by 65.1% in the 3rd quarter. Algert Global LLC now owns 526,860 shares of the basic materials company’s stock worth $9,884,000 after acquiring an additional 207,670 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Coeur Mining by 36.3% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,857,511 shares of the basic materials company’s stock valued at $447,567,000 after buying an additional 6,352,828 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Coeur Mining by 498.8% in the 3rd quarter. Victory Capital Management Inc. now owns 664,840 shares of the basic materials company’s stock valued at $12,472,000 after purchasing an additional 553,814 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.
Coeur Mining Trading Up 0.1%
Shares of Coeur Mining stock opened at $16.04 on Monday. Coeur Mining, Inc. has a 12-month low of $8.46 and a 12-month high of $27.77. The stock has a market cap of $16.59 billion, a PE ratio of 13.83 and a beta of 1.25. The company has a 50-day moving average of $18.01 and a two-hundred day moving average of $19.78. The company has a current ratio of 3.73, a quick ratio of 2.14 and a debt-to-equity ratio of 0.07.
Coeur Mining Announces Dividend
The firm also recently announced a dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd were given a dividend of $0.02 per share. The ex-dividend date was Friday, May 22nd. This represents a yield of 23.0%. Coeur Mining’s payout ratio is presently 3.45%.
Insider Transactions at Coeur Mining
In other Coeur Mining news, CAO Kenneth J. Watkinson sold 39,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $18.60, for a total value of $725,400.00. Following the sale, the chief accounting officer owned 77,204 shares of the company’s stock, valued at $1,435,994.40. This represents a 33.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.90% of the company’s stock.
Analyst Ratings Changes
Several research firms have recently commented on CDE. Roth Mkm restated a “buy” rating and set a $25.00 price target on shares of Coeur Mining in a research report on Friday, May 8th. Wall Street Zen lowered Coeur Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research raised Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. ATB Cormark Capital Markets upgraded shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, March 24th. Finally, Cantor Fitzgerald cut Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price target on the stock. in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Coeur Mining has an average rating of “Moderate Buy” and an average price target of $26.28.
Get Our Latest Stock Analysis on Coeur Mining
About Coeur Mining
Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.
Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.
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