Jupiter Asset Management Ltd. Acquires 2,366,413 Shares of Coeur Mining, Inc. $CDE

Jupiter Asset Management Ltd. grew its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 38.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,537,254 shares of the basic materials company’s stock after purchasing an additional 2,366,413 shares during the quarter. Coeur Mining comprises about 1.2% of Jupiter Asset Management Ltd.’s investment portfolio, making the stock its 13th biggest position. Jupiter Asset Management Ltd. owned approximately 1.33% of Coeur Mining worth $152,219,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. EverSource Wealth Advisors LLC increased its holdings in shares of Coeur Mining by 74.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 1,435 shares during the last quarter. Kingdom Financial Group LLC. acquired a new position in shares of Coeur Mining during the 4th quarter valued at about $32,000. Covestor Ltd increased its holdings in shares of Coeur Mining by 7,011.5% during the 3rd quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 1,823 shares during the last quarter. JPL Wealth Management LLC acquired a new position in shares of Coeur Mining during the 3rd quarter valued at about $35,000. Finally, Lodestone Wealth Management LLC acquired a new position in shares of Coeur Mining during the 4th quarter valued at about $36,000. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Performance

NYSE:CDE opened at $18.61 on Friday. Coeur Mining, Inc. has a 1 year low of $7.87 and a 1 year high of $27.77. The firm’s fifty day simple moving average is $18.60 and its 200 day simple moving average is $19.49. 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 firm has a market capitalization of $19.26 billion, a PE ratio of 16.05 and a beta of 1.24.

Coeur Mining (NYSE:CDE) last posted its quarterly 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). The company had revenue of $856.19 million during the quarter, compared to analyst estimates of $815.59 million. Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.The business’s revenue for the quarter was up 137.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.11 earnings per share. On average, sell-side analysts anticipate that Coeur Mining, Inc. will post 1.46 EPS for the current year.

Coeur Mining Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd will be given a $0.02 dividend. The ex-dividend date is Friday, May 22nd. This represents a dividend yield of 23.0%. Coeur Mining’s dividend payout ratio (DPR) is currently 3.45%.

Analysts Set New Price Targets

A number of brokerages have recently commented on CDE. Wall Street Zen lowered Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. 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 target price on the stock. Weiss Ratings lowered shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 27th. ATB Cormark Capital Markets upgraded shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, March 24th. Finally, Zacks Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.56.

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.