Meeder Asset Management Inc. Purchases 66,816 Shares of Coeur Mining, Inc. $CDE

Meeder Asset Management Inc. grew its position in Coeur Mining, Inc. (NYSE:CDE) by 2,741.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,253 shares of the basic materials company’s stock after buying an additional 66,816 shares during the quarter. Meeder Asset Management Inc.’s holdings in Coeur Mining were worth $1,300,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CDE. SG Americas Securities LLC raised its holdings in shares of 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 valued at $3,328,000 after purchasing an additional 110,660 shares in the last quarter. Rathbones Group PLC increased its holdings in shares of Coeur Mining by 146.0% in the 4th quarter. Rathbones Group PLC now owns 173,349 shares of the basic materials company’s stock valued at $3,091,000 after acquiring an additional 102,869 shares during the period. Goldman Sachs Group Inc. raised its position in shares of 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 acquiring an additional 6,012,718 shares in the last quarter. Electrum Group LLC bought a new position in shares of Coeur Mining in the 4th quarter worth $8,582,000. Finally, Norges Bank purchased a new stake in shares of Coeur Mining during the 4th quarter worth $128,389,000. Institutional investors own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CDE. Wall Street Zen downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Canaccord Genuity Group upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Wednesday, April 29th. Cantor Fitzgerald downgraded 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. Roth Capital reiterated a “buy” rating and set a $25.00 price objective on shares of Coeur Mining in a research note on Friday, May 8th. Finally, Scotiabank reissued an “outperform” rating and set a $28.50 target price on shares of Coeur Mining in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $26.39.

Coeur Mining Trading Down 1.3%

Shares of NYSE:CDE opened at $14.17 on Tuesday. The business’s 50-day moving average is $17.11 and its 200 day moving average is $19.57. 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, Inc. has a 1 year low of $8.56 and a 1 year high of $27.77. The firm has a market capitalization of $14.66 billion, a P/E ratio of 12.21 and a beta of 1.29.

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). 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 analyst estimates of $815.59 million. During the same period in the prior year, the business posted $0.11 EPS. Coeur Mining’s revenue was up 137.8% compared to the same quarter last year. On average, research analysts predict that Coeur Mining, Inc. will post 1.38 earnings per share for the current fiscal year.

Coeur Mining Announces Dividend

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

Insiders Place Their Bets

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 39,000 shares of the business’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 sale, the chief accounting officer owned 77,204 shares of the company’s stock, valued at approximately $1,435,994.40. The trade was a 33.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.