New York Life Investment Management LLC bought a new stake in Coeur Mining, Inc. (NYSE:CDE – Free Report) in the 4th quarter, Holdings Channel.com reports. The fund bought 58,203 shares of the basic materials company’s stock, valued at approximately $1,038,000.
Several other institutional investors also recently bought and sold shares of CDE. AQR Capital Management LLC grew its position in Coeur Mining by 60.2% in the 1st quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock valued at $4,434,000 after acquiring an additional 281,489 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Coeur Mining by 18.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock valued at $49,449,000 after acquiring an additional 1,278,110 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Coeur Mining by 122.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company’s stock valued at $14,393,000 after acquiring an additional 1,339,138 shares in the last quarter. Focus Partners Wealth acquired a new position in Coeur Mining in the 1st quarter valued at about $60,000. Finally, Intech Investment Management LLC grew its position in Coeur Mining by 58.4% in the 1st quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock valued at $1,594,000 after acquiring an additional 99,256 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the company. Roth Mkm reaffirmed a “buy” rating and issued a $25.00 target price 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 issued an “outperform” rating and a $40.00 price target for the company. Cantor Fitzgerald downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a research note on Thursday, May 7th. BMO Capital Markets started coverage on shares of Coeur Mining in a research note on Wednesday, March 25th. They issued an “outperform” rating and a $27.00 price target for the company. Finally, Royal Bank Of Canada boosted their price target on shares of Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.56.
Coeur Mining Stock Performance
Shares of Coeur Mining stock opened at $16.77 on Wednesday. Coeur Mining, Inc. has a one year low of $7.42 and a one year high of $27.77. The company has a market cap of $17.35 billion, a PE ratio of 14.46 and a beta of 1.24. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.14 and a current ratio of 3.73. The business has a 50-day simple moving average of $19.13 and a 200-day simple moving average of $19.36.
Coeur Mining (NYSE:CDE – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.The company had revenue of $856.19 million for the quarter, compared to analyst estimates of $815.59 million. During the same period in the prior year, the firm posted $0.11 earnings per share. The business’s quarterly revenue was up 137.8% compared to the same quarter last year. On average, equities research analysts forecast that Coeur Mining, Inc. will post 1.46 EPS for the current fiscal year.
Coeur Mining Announces Dividend
The company also recently announced a dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 25th will be paid a dividend of $0.02 per share. The ex-dividend date is Friday, May 22nd. This represents a dividend yield of 20.0%.
Coeur Mining Profile
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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