Coeur Mining, Inc. $CDE Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC raised its holdings in Coeur Mining, Inc. (NYSE:CDE) by 1,311.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 1,080,587 shares of the basic materials company’s stock after acquiring an additional 1,004,049 shares during the quarter. Hsbc Holdings PLC’s holdings in Coeur Mining were worth $20,153,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Triumph Capital Management raised its position in shares of 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 purchasing an additional 1,200 shares during the last quarter. Kingdom Financial Group LLC. acquired a new stake in Coeur Mining in the 4th quarter worth approximately $32,000. JPL Wealth Management LLC acquired a new stake in Coeur Mining in the 3rd quarter worth approximately $35,000. Kemnay Advisory Services Inc. purchased a new stake in Coeur Mining during the 4th quarter worth approximately $33,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in Coeur Mining during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Transactions at Coeur Mining

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 39,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were 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 of the company’s stock, valued at approximately $1,435,994.40. This represents a 33.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.90% of the stock is owned by corporate insiders.

Coeur Mining Price Performance

Shares of NYSE CDE opened at $15.29 on Wednesday. The business’s 50 day moving average price is $17.01 and its 200 day moving average price is $19.56. The firm has a market cap of $15.82 billion, a P/E ratio of 13.18 and a beta of 1.29. Coeur Mining, Inc. has a 52 week low of $8.56 and a 52 week high of $27.77. 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The business had revenue of $856.19 million for the quarter, compared to analysts’ expectations of $815.59 million. Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.The business’s quarterly revenue was up 137.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 earnings per share. On average, sell-side analysts expect that Coeur Mining, Inc. will post 1.25 earnings per share for the current year.

Coeur Mining Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CDE shares. Cantor Fitzgerald cut shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a report on Thursday, May 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Coeur Mining in a report on Wednesday, June 24th. Canaccord Genuity Group raised shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Wednesday, April 29th. ATB Cormark Capital Markets raised Coeur Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, March 24th. Finally, BMO Capital Markets started coverage on Coeur Mining in a research note on Wednesday, March 25th. They issued an “outperform” rating and a $27.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.39.

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.