Entropy Technologies LP Invests $3.74 Million in Coeur Mining, Inc. $CDE

Entropy Technologies LP bought a new stake in Coeur Mining, Inc. (NYSE:CDE) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 199,207 shares of the basic materials company’s stock, valued at approximately $3,739,000.

Several other hedge funds also recently made changes to their positions in CDE. Allworth Financial LP grew its stake in Coeur Mining by 20.9% in the fourth quarter. Allworth Financial LP now owns 2,994 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 517 shares during the period. Grand Central Investment Group lifted its position in Coeur Mining by 1.5% during the first quarter. Grand Central Investment Group now owns 40,514 shares of the basic materials company’s stock valued at $760,000 after buying an additional 612 shares during the period. Sanctuary Advisors LLC boosted its holdings in shares of Coeur Mining by 7.5% during the 1st quarter. Sanctuary Advisors LLC now owns 11,809 shares of the basic materials company’s stock valued at $222,000 after buying an additional 820 shares in the last quarter. Baader Bank Aktiengesellschaft boosted its holdings in shares of Coeur Mining by 2.8% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 34,090 shares of the basic materials company’s stock valued at $608,000 after buying an additional 935 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in shares of Coeur Mining by 32.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 3,895 shares of the basic materials company’s stock worth $73,000 after buying an additional 957 shares during the period. 63.01% of the stock is currently owned by institutional investors.

Coeur Mining Stock Performance

Shares of Coeur Mining stock opened at $15.14 on Friday. The stock has a market cap of $15.67 billion, a price-to-earnings ratio of 13.06 and a beta of 1.29. The firm’s 50-day moving average is $16.80 and its 200 day moving average is $19.49. Coeur Mining, Inc. has a 1 year low of $8.56 and a 1 year high of $27.77. 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 (NYSE:CDE) last released its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm had revenue of $856.19 million for the quarter, compared to the consensus estimate of $815.59 million. Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. The firm’s revenue for the quarter was up 137.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 earnings per share. Sell-side analysts anticipate that Coeur Mining, Inc. will post 1.25 EPS for the current fiscal year.

Coeur Mining Announces Dividend

The company also recently declared 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. The ex-dividend date was Friday, May 22nd. This represents a dividend yield of 23.0%. Coeur Mining’s dividend payout ratio is presently 3.45%.

Insider Activity at Coeur Mining

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $18.60, for a total transaction of $725,400.00. Following the completion of the sale, the chief accounting officer owned 77,204 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

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.