Janus Henderson Group PLC Acquires 291,375 Shares of Coeur Mining, Inc. $CDE

Janus Henderson Group PLC lifted its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 16.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 2,040,461 shares of the basic materials company’s stock after buying an additional 291,375 shares during the period. Janus Henderson Group PLC’s holdings in Coeur Mining were worth $38,306,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Allworth Financial LP increased its position in shares of Coeur Mining by 20.9% in the fourth quarter. Allworth Financial LP now owns 2,994 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 517 shares during the last quarter. Grand Central Investment Group boosted its position in Coeur Mining by 1.5% during the first quarter. Grand Central Investment Group now owns 40,514 shares of the basic materials company’s stock valued at $760,000 after purchasing an additional 612 shares during the last quarter. Sanctuary Advisors LLC grew its stake in Coeur Mining by 7.5% in the first quarter. Sanctuary Advisors LLC now owns 11,809 shares of the basic materials company’s stock valued at $222,000 after purchasing an additional 820 shares in the last quarter. Baader Bank Aktiengesellschaft grew its stake in Coeur Mining by 2.8% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 34,090 shares of the basic materials company’s stock valued at $608,000 after purchasing an additional 935 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of Coeur Mining by 32.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 3,895 shares of the basic materials company’s stock worth $73,000 after purchasing an additional 957 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Insider Buying and Selling at Coeur Mining

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of the stock in a transaction 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 in the company, valued at approximately $1,435,994.40. This represents a 33.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. 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. Scotiabank reissued an “outperform” rating and issued a $28.50 target price on shares of Coeur Mining in a research note on Tuesday, July 14th. 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 target price on the stock in a report on Wednesday, April 29th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Coeur Mining in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Coeur Mining currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.39.

Coeur Mining Trading Up 0.0%

Coeur Mining stock opened at $14.91 on Monday. The stock has a 50-day simple moving average of $16.55 and a 200 day simple moving average of $19.32. The stock has a market capitalization of $15.43 billion, a P/E ratio of 12.86 and a beta of 1.32. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.14 and a current ratio of 3.73. Coeur Mining, Inc. has a 52 week low of $8.56 and a 52 week high of $27.77.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) 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 business had revenue of $856.19 million during the quarter, compared to the consensus estimate of $815.59 million. During the same quarter in the prior year, the company earned $0.11 EPS. Coeur Mining’s quarterly revenue was up 137.8% on a year-over-year basis. Analysts expect that Coeur Mining, Inc. will post 1.25 earnings per share for the current year.

Coeur Mining Dividend Announcement

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