Eschler Asset Management LLP Invests $2.30 Million in Coeur Mining, Inc. $CDE

Eschler Asset Management LLP purchased a new position in shares of Coeur Mining, Inc. (NYSE:CDE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 128,690 shares of the basic materials company’s stock, valued at approximately $2,295,000. Coeur Mining accounts for about 1.5% of Eschler Asset Management LLP’s investment portfolio, making the stock its 15th biggest holding.

Other hedge funds also recently modified their holdings of the company. Allworth Financial LP lifted its stake in Coeur Mining by 20.9% in the 4th quarter. Allworth Financial LP now owns 2,994 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 517 shares in the last quarter. Baader Bank Aktiengesellschaft lifted its stake in Coeur Mining by 2.8% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 34,090 shares of the basic materials company’s stock valued at $608,000 after acquiring an additional 935 shares in the last quarter. Sound Income Strategies LLC lifted its stake in Coeur Mining by 99.2% in the 4th quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 996 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Coeur Mining by 12.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,650 shares of the basic materials company’s stock valued at $190,000 after acquiring an additional 1,156 shares in the last quarter. Finally, Triumph Capital Management lifted its stake in Coeur Mining by 300.0% in the 4th quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Stock Up 4.9%

NYSE:CDE opened at $17.20 on Friday. The firm has a market capitalization of $17.80 billion, a price-to-earnings ratio of 14.83 and a beta of 1.25. Coeur Mining, Inc. has a twelve month low of $8.46 and a twelve month high of $27.77. The stock’s 50 day moving average price is $18.52 and its two-hundred day moving average price is $19.68. The company has a quick ratio of 2.14, a current ratio of 3.73 and a debt-to-equity ratio of 0.07.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $856.19 million for 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 firm’s revenue for the quarter was up 137.8% compared to the same quarter last year. During the same period last year, the firm earned $0.11 EPS. Equities research analysts expect that Coeur Mining, Inc. will post 1.46 earnings per share for the current fiscal year.

Coeur Mining Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a dividend yield of 23.0%. Coeur Mining’s payout ratio is 3.45%.

Analysts Set New Price Targets

CDE has been the topic of several research reports. Weiss Ratings cut Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 27th. Zacks Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. Roth Mkm restated a “buy” rating and issued a $25.00 target price on shares of Coeur Mining in a research note on Friday, May 8th. Canadian Imperial Bank of Commerce initiated coverage on Coeur Mining in a research note on Tuesday, March 10th. They issued an “outperform” rating and a $40.00 target price on the stock. Finally, ATB Cormark Capital Markets upgraded Coeur Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.28.

Insider Buying and Selling at Coeur Mining

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $18.60, for a total transaction of $725,400.00. Following the transaction, 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 can be accessed through the SEC website. 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.