Sigma Planning Corp Takes Position in Coeur Mining, Inc. $CDE

Sigma Planning Corp bought a new stake in Coeur Mining, Inc. (NYSE:CDE) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 61,532 shares of the basic materials company’s stock, valued at approximately $1,155,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC lifted 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 during the last quarter. Rathbones Group PLC grew its stake in Coeur Mining by 146.0% during the 4th quarter. Rathbones Group PLC now owns 173,349 shares of the basic materials company’s stock worth $3,091,000 after buying an additional 102,869 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Coeur Mining by 92.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 12,502,645 shares of the basic materials company’s stock valued at $222,922,000 after buying an additional 6,012,718 shares during the last quarter. Electrum Group LLC acquired a new stake in shares of Coeur Mining in the fourth quarter valued at approximately $8,582,000. Finally, Norges Bank purchased a new position in shares of Coeur Mining during the fourth quarter worth approximately $128,389,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Coeur Mining Stock Down 2.9%

Shares of Coeur Mining stock opened at $14.36 on Friday. Coeur Mining, Inc. has a one year low of $8.56 and a one year high of $27.77. The company has a market cap of $14.85 billion, a P/E ratio of 12.38 and a beta of 1.29. 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 firm has a fifty day moving average of $17.22 and a two-hundred day moving average of $19.59.

Coeur Mining (NYSE:CDE) last issued 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). Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. The firm had revenue of $856.19 million during the quarter, compared to analysts’ expectations of $815.59 million. During the same period in the previous year, the firm earned $0.11 EPS. The firm’s revenue was up 137.8% on a year-over-year basis. On average, analysts forecast that Coeur Mining, Inc. will post 1.38 earnings per share for the current year.

Coeur Mining Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, June 10th. Investors 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 dividend payout ratio (DPR) is presently 3.45%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CDE. Weiss Ratings reiterated a “hold (c+)” rating on shares of Coeur Mining in a research report on Wednesday, June 24th. BMO Capital Markets assumed coverage on shares of Coeur Mining in a research report on Wednesday, March 25th. They set an “outperform” rating and a $27.00 price objective on the stock. Cantor Fitzgerald cut shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price for the company. in a report on Thursday, May 7th. Zacks Research downgraded shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. Finally, Scotiabank restated an “outperform” rating and issued a $28.50 price target on shares of Coeur Mining in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.39.

Insiders Place Their Bets

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 39,000 shares of Coeur Mining stock in a transaction that occurred on Monday, June 1st. The stock was 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 of the company’s stock, valued at approximately $1,435,994.40. The trade was a 33.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.90% of the company’s stock.

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.