SG Americas Securities LLC Grows Stake in Coeur Mining, Inc. $CDE

SG Americas Securities LLC lifted its position in Coeur Mining, Inc. (NYSE:CDE) by 64.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 306,141 shares of the basic materials company’s stock after purchasing an additional 119,477 shares during the quarter. SG Americas Securities LLC’s holdings in Coeur Mining were worth $5,746,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Sheets Smith Wealth Management purchased a new position in Coeur Mining during the first quarter worth about $1,497,000. Polianta Ltd bought a new stake in shares of Coeur Mining during the 1st quarter valued at about $1,642,000. E. Ohman J or Asset Management AB purchased a new position in shares of Coeur Mining during the first quarter worth about $601,000. Diversified Trust Co grew its holdings in shares of Coeur Mining by 30.0% during the first quarter. Diversified Trust Co now owns 125,692 shares of the basic materials company’s stock worth $2,359,000 after purchasing an additional 29,028 shares in the last quarter. Finally, Baron Wealth Management LLC bought a new position in shares of Coeur Mining in the first quarter worth approximately $222,000. Institutional investors own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CDE. ATB Cormark Capital Markets upgraded shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, March 24th. Canaccord Genuity Group raised 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. Canadian Imperial Bank of Commerce began coverage on shares of Coeur Mining in a research report on Tuesday, March 10th. They set an “outperform” rating and a $40.00 price objective on the stock. Roth Mkm reiterated a “buy” rating and issued a $25.00 target price on shares of Coeur Mining in a research report on Friday, May 8th. Finally, Zacks Research raised Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Coeur Mining currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.28.

Insider Buying and Selling at Coeur Mining

In other news, CAO Kenneth J. Watkinson sold 39,000 shares of the firm’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 value of $725,400.00. Following the transaction, the chief accounting officer owned 77,204 shares in the company, valued at approximately $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 accessible through this hyperlink. Company insiders own 0.90% of the company’s stock.

Coeur Mining Stock Performance

NYSE CDE opened at $16.04 on Monday. The company has a 50-day simple moving average of $18.01 and a two-hundred day simple moving average of $19.78. Coeur Mining, Inc. has a 12-month low of $8.46 and a 12-month high of $27.77. The firm has a market cap of $16.59 billion, a price-to-earnings ratio of 13.83 and a beta of 1.25. 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 (NYSE:CDE) last released its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.36 EPS 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 company had revenue of $856.19 million during the quarter, compared to analysts’ expectations of $815.59 million. During the same quarter in the prior year, the firm posted $0.11 EPS. The firm’s quarterly revenue was up 137.8% on a year-over-year basis. On average, equities analysts forecast that Coeur Mining, Inc. will post 1.46 EPS for the current year.

Coeur Mining Announces Dividend

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