Strs Ohio Has $2.88 Million Stake in Coeur Mining, Inc. $CDE

Strs Ohio raised its holdings in Coeur Mining, Inc. (NYSE:CDEFree Report) by 86.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 153,500 shares of the basic materials company’s stock after purchasing an additional 71,200 shares during the quarter. Strs Ohio’s holdings in Coeur Mining were worth $2,881,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Triumph Capital Management grew its holdings in shares of Coeur Mining by 300.0% during the fourth quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 1,200 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Coeur Mining by 74.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock valued at $30,000 after buying an additional 1,435 shares during the last quarter. Kingdom Financial Group LLC. acquired a new position in Coeur Mining during the 4th quarter worth about $32,000. Kemnay Advisory Services Inc. acquired a new position in Coeur Mining during the 4th quarter worth about $33,000. Finally, Transamerica Financial Advisors LLC bought a new stake in Coeur Mining during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Buying and Selling at Coeur Mining

In other news, CAO Kenneth J. Watkinson sold 39,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $18.60, for a total value of $725,400.00. Following the completion of the transaction, the chief accounting officer owned 77,204 shares in the company, valued at $1,435,994.40. This represents a 33.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CDE. Roth Capital restated a “buy” rating and issued a $25.00 price objective on shares of Coeur Mining in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce started coverage on shares of Coeur Mining in a research note on Tuesday, March 10th. They set an “outperform” rating and a $40.00 price target on the stock. Cantor Fitzgerald lowered shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a report on Thursday, May 7th. Zacks Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen downgraded Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Coeur Mining currently has an average rating of “Moderate Buy” and an average price target of $26.28.

Check Out Our Latest Research Report on Coeur Mining

Coeur Mining Trading Down 5.8%

CDE traded down $0.98 during midday trading on Tuesday, reaching $16.01. 1,814,942 shares of the company were exchanged, compared to its average volume of 28,966,385. The stock has a market capitalization of $16.56 billion, a P/E ratio of 13.83 and a beta of 1.29. The stock’s 50-day simple moving average is $17.70 and its 200 day simple moving average is $19.78. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.14 and a current ratio of 3.73. Coeur Mining, Inc. has a one year low of $8.56 and a one year high of $27.77.

Coeur Mining (NYSE:CDEGet Free Report) last issued its earnings results on Wednesday, May 6th. The basic materials company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. The firm had revenue of $856.19 million during the quarter, compared to the consensus estimate of $815.59 million. During the same period in the previous year, the company posted $0.11 EPS. The firm’s revenue for the quarter was up 137.8% on a year-over-year basis. As a group, analysts forecast that Coeur Mining, Inc. will post 1.46 earnings per share for the current fiscal year.

Coeur Mining Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 22nd were paid a dividend of $0.02 per share. This represents a yield of 23.0%. The ex-dividend date of this dividend was Friday, May 22nd. Coeur Mining’s dividend payout ratio is presently 3.45%.

About Coeur Mining

(Free Report)

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

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