iA Global Asset Management Inc. Lowers Holdings in Coeur Mining, Inc. $CDE

iA Global Asset Management Inc. cut its holdings in Coeur Mining, Inc. (NYSE:CDE) by 92.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,464 shares of the basic materials company’s stock after selling 173,036 shares during the period. iA Global Asset Management Inc.’s holdings in Coeur Mining were worth $258,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CDE. AQR Capital Management LLC increased its stake in Coeur Mining by 60.2% in the 1st quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock worth $4,434,000 after acquiring an additional 281,489 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Coeur Mining by 18.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock worth $49,449,000 after acquiring an additional 1,278,110 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Coeur Mining by 122.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company’s stock worth $14,393,000 after acquiring an additional 1,339,138 shares during the last quarter. Focus Partners Wealth bought a new stake in Coeur Mining in the 1st quarter worth approximately $60,000. Finally, Intech Investment Management LLC increased its stake in Coeur Mining by 58.4% in the 1st quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock worth $1,594,000 after acquiring an additional 99,256 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CDE shares. Cantor Fitzgerald downgraded Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a research note on Thursday, May 7th. Canadian Imperial Bank of Commerce started 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. Weiss Ratings downgraded Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 27th. ATB Cormark Capital Markets raised Coeur Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, March 24th. Finally, Zacks Research raised Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.56.

Coeur Mining Stock Performance

NYSE CDE opened at $16.77 on Wednesday. The company has a market cap of $17.35 billion, a P/E ratio of 14.46 and a beta of 1.24. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.14 and a current ratio of 3.73. The business’s 50 day moving average price is $19.13 and its 200-day moving average price is $19.36. Coeur Mining, Inc. has a fifty-two week low of $7.42 and a fifty-two week high of $27.77.

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

Coeur Mining Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 25th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a dividend yield of 20.0%.

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.