Legato Capital Management LLC Makes New $656,000 Investment in Coeur Mining, Inc. $CDE

Legato Capital Management LLC purchased a new position in shares of Coeur Mining, Inc. (NYSE:CDE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 36,779 shares of the basic materials company’s stock, valued at approximately $656,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kingdom Financial Group LLC. acquired a new stake in Coeur Mining during the fourth quarter worth about $32,000. JPL Wealth Management LLC acquired a new stake in Coeur Mining during the third quarter worth about $35,000. Covestor Ltd boosted its position in shares of Coeur Mining by 7,011.5% in the third quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock worth $35,000 after buying an additional 1,823 shares during the period. Lodestone Wealth Management LLC purchased a new stake in shares of Coeur Mining in the fourth quarter worth about $36,000. Finally, Sound Income Strategies LLC boosted its position in shares of Coeur Mining by 99.2% in the fourth quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company’s stock worth $36,000 after buying an additional 996 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CDE shares. Roth Mkm reaffirmed a “buy” rating and issued a $25.00 target price on shares of Coeur Mining in a research report on Friday, May 8th. Cantor Fitzgerald downgraded Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price for the company. in a research report on Thursday, May 7th. Weiss Ratings downgraded Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 27th. Canaccord Genuity Group raised Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Wednesday, April 29th. Finally, Canadian Imperial Bank of Commerce started coverage on Coeur Mining in a research report on Tuesday, March 10th. They issued an “outperform” rating and a $40.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.56.

Coeur Mining Price Performance

Shares of NYSE CDE opened at $18.35 on Wednesday. The company has a market capitalization of $18.98 billion, a price-to-earnings ratio of 15.82 and a beta of 1.24. Coeur Mining, Inc. has a 1-year low of $7.65 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. The business has a 50-day moving average of $18.71 and a 200-day moving average of $19.44.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.36 EPS 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 analysts’ expectations of $815.59 million. Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. The company’s revenue for the quarter was up 137.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 EPS. On average, equities analysts anticipate that Coeur Mining, Inc. will post 1.46 EPS for the current fiscal year.

Coeur Mining Dividend Announcement

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

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.