1,927,747 Shares in Coeur Mining, Inc. $CDE Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. bought a new position in Coeur Mining, Inc. (NYSE:CDE) during the 1st quarter, Holdings Channel reports. The institutional investor bought 1,927,747 shares of the basic materials company’s stock, valued at approximately $36,184,000.

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

Coeur Mining Price Performance

Shares of Coeur Mining stock opened at $15.61 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.73 and a quick ratio of 2.14. Coeur Mining, Inc. has a one year low of $8.56 and a one year high of $27.77. The business’s 50 day simple moving average is $17.45 and its two-hundred day simple moving average is $19.70. The stock has a market capitalization of $16.14 billion, a P/E ratio of 13.45 and a beta of 1.29.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.The firm had revenue of $856.19 million during the quarter, compared to the consensus estimate of $815.59 million. During the same quarter in the prior year, the business posted $0.11 EPS. The firm’s revenue for the quarter was up 137.8% on a year-over-year basis. Analysts forecast 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. Stockholders of record on Friday, May 22nd were issued a dividend of $0.02 per share. This represents a dividend yield of 23.0%. The ex-dividend date was Friday, May 22nd. Coeur Mining’s dividend payout ratio is currently 3.45%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Zacks Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. ATB Cormark Capital Markets raised shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, March 24th. BMO Capital Markets assumed 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. Scotiabank assumed coverage on shares of Coeur Mining in a report on Friday, June 12th. They issued a “sector outperform” rating and a $27.50 price target on the stock. Finally, Cantor Fitzgerald downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective for the company. in a report on Thursday, May 7th. One equities research 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.28.

Insider Activity

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