Swiss National Bank Boosts Holdings in Coeur Mining, Inc. $CDE

Swiss National Bank boosted its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 146.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 3,122,706 shares of the basic materials company’s stock after purchasing an additional 1,855,401 shares during the quarter. Swiss National Bank’s holdings in Coeur Mining were worth $58,613,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Triumph Capital Management grew its holdings in Coeur Mining by 300.0% during the fourth quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 1,200 shares during the period. Kingdom Financial Group LLC. acquired a new position in Coeur Mining in the fourth quarter valued at approximately $32,000. JPL Wealth Management LLC purchased a new stake in Coeur Mining in the 3rd quarter worth approximately $35,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Coeur Mining during the 4th quarter worth approximately $33,000. Finally, Transamerica Financial Advisors LLC acquired a new stake in shares of Coeur Mining during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. ATB Cormark Capital Markets upgraded shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, March 24th. BMO Capital Markets started coverage on shares of Coeur Mining in a report on Wednesday, March 25th. They issued an “outperform” rating and a $27.00 price objective for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Coeur Mining in a research report on Wednesday, June 24th. Zacks Research lowered shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. Finally, Cantor Fitzgerald cut Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $26.39.

Insider Activity

In other news, CAO Kenneth J. Watkinson sold 39,000 shares of Coeur Mining 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 owned 77,204 shares in the company, valued at $1,435,994.40. This trade represents a 33.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is currently owned by company insiders.

Coeur Mining Trading Up 8.0%

Shares of CDE stock opened at $15.29 on Wednesday. Coeur Mining, Inc. has a 1-year low of $8.56 and a 1-year high of $27.77. The company has a market cap of $15.82 billion, a price-to-earnings ratio of 13.18 and a beta of 1.29. 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 stock has a 50 day simple moving average of $17.01 and a 200-day simple moving average of $19.56.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The company had revenue of $856.19 million during the quarter, compared to analyst estimates of $815.59 million. Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. Coeur Mining’s revenue was up 137.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 EPS. On average, equities research analysts expect that Coeur Mining, Inc. will post 1.25 EPS for the current fiscal year.

Coeur Mining Dividend Announcement

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