Resona Asset Management Co. Ltd. acquired a new position in shares of Coeur Mining, Inc. (NYSE:CDE – Free Report) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 299,588 shares of the basic materials company’s stock, valued at approximately $5,521,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Triumph Capital Management grew its holdings in Coeur Mining by 300.0% in the fourth quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 1,200 shares during the last quarter. Kingdom Financial Group LLC. acquired a new position in shares of Coeur Mining during the 4th quarter worth $32,000. JPL Wealth Management LLC acquired a new position in shares of Coeur Mining during the 3rd quarter worth $35,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Coeur Mining in the 4th quarter worth about $33,000. Finally, Transamerica Financial Advisors LLC acquired a new stake in Coeur Mining in the 4th quarter valued at about $34,000. 63.01% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
CDE has been the subject of several recent research reports. BMO Capital Markets assumed coverage on shares of Coeur Mining in a report on Wednesday, March 25th. They set an “outperform” rating and a $27.00 target price for the company. Zacks Research raised shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Canaccord Genuity Group upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Wednesday, April 29th. Cantor Fitzgerald cut shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective for the company. in a research note on Thursday, May 7th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Coeur Mining in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.28.
Coeur Mining Price Performance
NYSE:CDE opened at $15.99 on Monday. The firm has a market cap of $16.54 billion, a price-to-earnings ratio of 13.78 and a beta of 1.29. The company has a current ratio of 3.73, a quick ratio of 2.14 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average is $17.50 and its two-hundred day moving average is $19.72. Coeur Mining, Inc. has a 12-month low of $8.56 and a 12-month high of $27.77.
Coeur Mining (NYSE:CDE – Get Free Report) last issued its quarterly earnings results 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). The firm had revenue of $856.19 million for the quarter, compared to analysts’ expectations of $815.59 million. Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.The business’s quarterly revenue was up 137.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 earnings per share. Research analysts expect that Coeur Mining, Inc. will post 1.39 EPS for the current year.
Coeur Mining Dividend Announcement
The company also recently announced a dividend, which was paid on Wednesday, June 10th. Investors 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 dividend payout ratio (DPR) is 3.45%.
Insider Buying and Selling
In other Coeur Mining news, CAO Kenneth J. Watkinson sold 39,000 shares of Coeur Mining 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 sale, the chief accounting officer directly owned 77,204 shares of the company’s stock, valued at approximately $1,435,994.40. The trade was a 33.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.
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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