Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Coeur Mining, Inc. (NYSE:CDE – Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 277,118 shares of the basic materials company’s stock, valued at approximately $5,193,000.
A number of other institutional investors and hedge funds have also made changes to their positions in CDE. Renaissance Technologies LLC grew its holdings in shares of Coeur Mining by 889.6% during the first quarter. Renaissance Technologies LLC now owns 6,870,813 shares of the basic materials company’s stock worth $128,965,000 after buying an additional 6,176,524 shares during the last quarter. Gabelli Funds LLC purchased a new stake in Coeur Mining during the 1st quarter valued at approximately $515,000. Hilltop Holdings Inc. purchased a new stake in Coeur Mining during the 1st quarter valued at approximately $349,000. Public Employees Retirement System of Ohio lifted its position in Coeur Mining by 32.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 3,895 shares of the basic materials company’s stock worth $73,000 after acquiring an additional 957 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Coeur Mining by 92.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 27,981,273 shares of the basic materials company’s stock valued at $524,669,000 after purchasing an additional 13,418,041 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have recently issued reports on CDE shares. Scotiabank reissued an “outperform” rating and issued a $28.50 target price on shares of Coeur Mining in a report on Tuesday, July 14th. Cantor Fitzgerald cut shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a research note on Thursday, May 7th. Canaccord Genuity Group upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, April 29th. Zacks Research downgraded shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a report on Friday, July 10th. Finally, Roth Capital reiterated a “buy” rating and set a $25.00 price target on shares of Coeur Mining in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.39.
Coeur Mining Trading Down 2.2%
NYSE:CDE opened at $14.59 on Thursday. The stock has a fifty day moving average price of $16.66 and a two-hundred day moving average price of $19.40. The stock has a market capitalization of $15.09 billion, a price-to-earnings ratio of 12.58 and a beta of 1.29. 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 1 year low of $8.56 and a 1 year high of $27.77.
Coeur Mining (NYSE:CDE – Get Free Report) last released its 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 business had revenue of $856.19 million during the quarter, compared to analyst estimates of $815.59 million. Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. Coeur Mining’s revenue was up 137.8% compared to the same quarter last year. During the same period last year, the business posted $0.11 EPS. As a group, sell-side analysts anticipate that Coeur Mining, Inc. will post 1.25 earnings per share for the current fiscal year.
Coeur Mining Dividend Announcement
The business also recently disclosed a dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 22nd were paid a $0.02 dividend. The ex-dividend date was Friday, May 22nd. This represents a dividend yield of 23.0%. Coeur Mining’s dividend payout ratio (DPR) is 3.45%.
Insider Activity at Coeur Mining
In related news, CAO Kenneth J. Watkinson sold 39,000 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $18.60, for a total transaction of $725,400.00. Following the sale, the chief accounting officer 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.90% of the stock is owned by company insiders.
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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