First Trust Advisors LP Boosts Stock Position in Coeur Mining, Inc. $CDE

First Trust Advisors LP increased its holdings in Coeur Mining, Inc. (NYSE:CDE) by 99.0% during the 1st quarter, Holdings Channel reports. The firm owned 892,766 shares of the basic materials company’s stock after buying an additional 444,045 shares during the period. First Trust Advisors LP’s holdings in Coeur Mining were worth $16,737,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. State Street Corp raised its position in Coeur Mining by 6.7% during the 4th quarter. State Street Corp now owns 24,250,702 shares of the basic materials company’s stock valued at $432,390,000 after purchasing an additional 1,529,394 shares during the last quarter. Tidal Investments LLC grew its position in shares of Coeur Mining by 55.3% in the 2nd quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock worth $183,709,000 after buying an additional 7,382,955 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Coeur Mining by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 15,586,550 shares of the basic materials company’s stock worth $277,953,000 after buying an additional 524,646 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Coeur Mining by 1.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 14,563,232 shares of the basic materials company’s stock valued at $259,662,000 after buying an additional 259,978 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Coeur Mining by 34.4% during the first quarter. Dimensional Fund Advisors LP now owns 12,872,677 shares of the basic materials company’s stock valued at $241,484,000 after buying an additional 3,291,431 shares during the period. 63.01% of the stock is owned by institutional investors.

Insider Activity at Coeur Mining

In other news, CAO Kenneth J. Watkinson sold 39,000 shares of the company’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 sale, the chief accounting officer directly owned 77,204 shares of the company’s stock, valued at $1,435,994.40. This represents a 33.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.90% of the company’s stock.

Coeur Mining Trading Down 2.2%

CDE opened at $14.59 on Thursday. 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, Inc. has a 52 week low of $8.56 and a 52 week high of $27.77. The stock has a market cap of $15.09 billion, a PE ratio of 12.58 and a beta of 1.29. The business has a 50 day moving average of $16.66 and a 200-day moving average of $19.40.

Coeur Mining (NYSE:CDE) last issued 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 firm had revenue of $856.19 million during 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%.Coeur Mining’s revenue for the quarter was up 137.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 earnings per share. Equities research analysts predict that Coeur Mining, Inc. will post 1.25 earnings per share for the current fiscal year.

Coeur Mining Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CDE. Roth Capital restated a “buy” rating and set a $25.00 target price on shares of Coeur Mining in a report on Friday, May 8th. 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 research report on Wednesday, April 29th. Wall Street Zen downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Scotiabank restated an “outperform” rating and issued a $28.50 price objective on shares of Coeur Mining in a report on Tuesday, July 14th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.39.

About Coeur Mining

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.