International Assets Investment Management LLC Buys New Shares in Coeur Mining, Inc. $CDE

International Assets Investment Management LLC bought a new position in Coeur Mining, Inc. (NYSE:CDE) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 38,974 shares of the basic materials company’s stock, valued at approximately $745,000.

Other institutional investors have also bought and sold shares of the company. Algert Global LLC grew its position in shares of Coeur Mining by 65.1% during the third quarter. Algert Global LLC now owns 526,860 shares of the basic materials company’s stock worth $9,884,000 after purchasing an additional 207,670 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Coeur Mining by 36.3% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,857,511 shares of the basic materials company’s stock worth $447,567,000 after purchasing an additional 6,352,828 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Coeur Mining by 145.6% in the 4th quarter. SG Americas Securities LLC now owns 186,664 shares of the basic materials company’s stock worth $3,328,000 after purchasing an additional 110,660 shares in the last quarter. Rathbones Group PLC boosted its stake in Coeur Mining by 146.0% in the 4th 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 period. Finally, Goldman Sachs Group Inc. boosted its stake in Coeur Mining by 92.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 12,502,645 shares of the basic materials company’s stock worth $222,922,000 after purchasing an additional 6,012,718 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Trading Down 2.3%

CDE opened at $15.61 on Tuesday. The company has a market capitalization of $16.14 billion, a P/E ratio of 13.45 and a beta of 1.29. 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’s fifty day moving average is $17.45 and its two-hundred day moving average is $19.70.

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). Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.The business had revenue of $856.19 million during the quarter, compared to analysts’ expectations of $815.59 million. During the same period last year, the company earned $0.11 earnings per share. The firm’s revenue was up 137.8% compared to the same quarter last year. Analysts forecast that Coeur Mining, Inc. will post 1.39 earnings per share for the current year.

Coeur Mining Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd were given a $0.02 dividend. This represents a dividend yield of 23.0%. The ex-dividend date of this dividend was Friday, May 22nd. Coeur Mining’s payout ratio is presently 3.45%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CDE. 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 research report on Thursday, May 7th. BMO Capital Markets initiated coverage on shares of Coeur Mining in a research report on Wednesday, March 25th. They set an “outperform” rating and a $27.00 target price for the company. Wall Street Zen cut shares of Coeur Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Scotiabank initiated coverage on shares of Coeur Mining in a report on Friday, June 12th. They issued a “sector outperform” rating and a $27.50 price target on the stock. Finally, Roth Capital reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Coeur Mining in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $26.28.

Insider Buying and Selling

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 39,000 shares of the stock in a transaction dated 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 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 filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

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.