Coeur Mining, Inc. $CDE Position Boosted by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co increased its position in Coeur Mining, Inc. (NYSE:CDE) by 212.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 66,134 shares of the basic materials company’s stock after purchasing an additional 44,977 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Coeur Mining were worth $1,241,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CDE. Rathbones Group PLC lifted its stake in Coeur Mining by 146.0% during the fourth quarter. Rathbones Group PLC now owns 173,349 shares of the basic materials company’s stock worth $3,091,000 after purchasing an additional 102,869 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Coeur Mining by 92.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 12,502,645 shares of the basic materials company’s stock valued at $222,922,000 after purchasing an additional 6,012,718 shares during the last quarter. Norges Bank bought a new stake in Coeur Mining during the fourth quarter valued at $128,389,000. Electrum Group LLC acquired a new stake in shares of Coeur Mining during the fourth quarter worth $8,582,000. Finally, Eschler Asset Management LLP acquired a new stake in shares of Coeur Mining during the fourth quarter worth $2,295,000. 63.01% of the stock is owned by institutional investors.

Coeur Mining Stock Performance

CDE opened at $15.58 on Tuesday. The company has a quick ratio of 2.14, a current ratio of 3.73 and a debt-to-equity ratio of 0.07. The firm has a market cap of $16.12 billion, a PE ratio of 13.43 and a beta of 1.29. The business has a fifty day simple moving average of $16.51 and a 200-day simple moving average of $19.28. Coeur Mining, Inc. has a fifty-two week low of $8.81 and a fifty-two week high of $27.77.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.The company had revenue of $856.19 million for the quarter, compared to analyst estimates of $815.59 million. During the same period last year, the firm earned $0.11 earnings per share. The firm’s revenue for the quarter was up 137.8% on a year-over-year basis. As a group, equities analysts predict that Coeur Mining, Inc. will post 1.25 EPS for the current fiscal year.

Coeur Mining Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CDE. Roth Capital restated a “buy” rating and issued a $25.00 price target on shares of Coeur Mining in a research report on Friday, May 8th. Scotiabank reaffirmed an “outperform” rating and set a $28.50 price objective on shares of Coeur Mining in a research report on Tuesday, July 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, June 24th. Wall Street Zen cut shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Cantor Fitzgerald downgraded Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price for the company. in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $26.39.

Insider Activity at Coeur Mining

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 39,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer directly owned 77,204 shares in the company, valued at $1,435,994.40. This trade represents a 33.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.90% of the stock is currently owned by insiders.

Coeur Mining Company 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.