Geode Capital Management LLC Has $277.95 Million Stock Holdings in Coeur Mining, Inc. $CDE

Geode Capital Management LLC grew its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,586,550 shares of the basic materials company’s stock after purchasing an additional 524,646 shares during the quarter. Geode Capital Management LLC’s holdings in Coeur Mining were worth $277,953,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Allworth Financial LP boosted its stake in shares of Coeur Mining by 20.9% during the fourth quarter. Allworth Financial LP now owns 2,994 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 517 shares in the last quarter. Baader Bank Aktiengesellschaft boosted its stake in shares of Coeur Mining by 2.8% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 34,090 shares of the basic materials company’s stock valued at $608,000 after purchasing an additional 935 shares in the last quarter. Sound Income Strategies LLC boosted its stake in shares of Coeur Mining by 99.2% during the fourth quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 996 shares in the last quarter. Savant Capital LLC boosted its stake in shares of Coeur Mining by 2.3% during the third quarter. Savant Capital LLC now owns 46,551 shares of the basic materials company’s stock valued at $873,000 after purchasing an additional 1,066 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Coeur Mining by 12.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,650 shares of the basic materials company’s stock valued at $190,000 after purchasing an additional 1,156 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Weiss Ratings lowered Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 27th. Wall Street Zen lowered Coeur Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. ATB Cormark Capital Markets raised Coeur Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, March 24th. Royal Bank Of Canada lifted their price objective on Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Finally, Canadian Imperial Bank of Commerce assumed coverage on Coeur Mining in a research note on Tuesday, March 10th. They issued an “outperform” rating and a $40.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.56.

Coeur Mining Trading Down 0.0%

Shares of CDE stock opened at $19.31 on Tuesday. The company has a market cap of $19.98 billion, a P/E ratio of 16.65 and a beta of 1.25. The stock has a 50 day simple moving average of $18.62 and a two-hundred day simple moving average of $19.55. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.14 and a current ratio of 3.73. Coeur Mining, Inc. has a fifty-two week low of $8.26 and a fifty-two week high of $27.77.

Coeur Mining (NYSE:CDE) last issued its earnings results 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 business had revenue of $856.19 million during the quarter, compared to the consensus estimate of $815.59 million. Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.The company’s revenue for the quarter was up 137.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 earnings per share. Research analysts forecast that Coeur Mining, Inc. will post 1.46 earnings per share for the current year.

Coeur Mining Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd will be issued a $0.02 dividend. This represents a yield of 23.0%. The ex-dividend date is Friday, May 22nd. Coeur Mining’s payout ratio is presently 3.45%.

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.