Coeur Mining, Inc. $CDE Stock Holdings Raised by Bank of America Corp DE

Bank of America Corp DE lifted its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 83.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 5,429,896 shares of the basic materials company’s stock after buying an additional 2,466,122 shares during the quarter. Bank of America Corp DE’s holdings in Coeur Mining were worth $101,919,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its position in shares of Coeur Mining by 92.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 27,981,273 shares of the basic materials company’s stock worth $524,669,000 after acquiring an additional 13,418,041 shares in the last quarter. State Street Corp raised its position in shares of Coeur Mining by 6.7% during the 4th quarter. State Street Corp now owns 24,250,702 shares of the basic materials company’s stock valued at $432,390,000 after acquiring an additional 1,529,394 shares in the last quarter. Tidal Investments LLC raised its position in shares of Coeur Mining by 55.3% during the 2nd quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock valued at $183,709,000 after acquiring an additional 7,382,955 shares in the last quarter. Geode Capital Management LLC lifted its stake in Coeur Mining by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 15,586,550 shares of the basic materials company’s stock worth $277,953,000 after purchasing an additional 524,646 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Coeur Mining by 34.4% during the first quarter. Dimensional Fund Advisors LP now owns 12,872,677 shares of the basic materials company’s stock worth $241,484,000 after purchasing an additional 3,291,431 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Activity at Coeur Mining

In other news, CAO Kenneth J. Watkinson sold 39,000 shares of the company’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 completion of the sale, the chief accounting officer directly owned 77,204 shares of the company’s stock, valued at approximately $1,435,994.40. This represents a 33.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Scotiabank restated an “outperform” rating and issued a $26.50 price target on shares of Coeur Mining in a research report on Friday. Cantor Fitzgerald downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective for the company. in a research report on Thursday, May 7th. Zacks Research lowered shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Coeur Mining in a report on Wednesday, June 24th. Finally, Wall Street Zen cut Coeur Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Coeur Mining has a consensus rating of “Moderate Buy” and a consensus price target of $25.50.

Coeur Mining Stock Performance

Shares of CDE stock opened at $17.41 on Friday. Coeur Mining, Inc. has a 12-month low of $10.92 and a 12-month high of $27.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.65 and a quick ratio of 2.14. The firm has a market capitalization of $17.90 billion, a price-to-earnings ratio of 14.88 and a beta of 1.32. The business has a 50 day simple moving average of $16.37 and a 200 day simple moving average of $19.17.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.14). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.24 billion. Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. The firm’s revenue was up 125.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.20 EPS. On average, equities research analysts anticipate that Coeur Mining, Inc. will post 1.25 EPS for the current year.

Coeur Mining Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd were given a dividend of $0.02 per share. This represents a dividend yield of 23.0%. The ex-dividend date was Friday, May 22nd. Coeur Mining’s payout ratio is 3.42%.

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.