IFM Investors Pty Ltd Takes Position in Coeur Mining, Inc. $CDE

IFM Investors Pty Ltd acquired a new position in Coeur Mining, Inc. (NYSE:CDE) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 214,129 shares of the basic materials company’s stock, valued at approximately $4,019,000.

Several other large investors have also recently modified their holdings of the company. Harbor Investment Advisory LLC bought a new position in shares of Coeur Mining during the 1st quarter worth approximately $103,000. SMART Wealth LLC boosted its stake in Coeur Mining by 49.6% in the first quarter. SMART Wealth LLC now owns 20,455 shares of the basic materials company’s stock valued at $384,000 after acquiring an additional 6,786 shares in the last quarter. Grand Central Investment Group grew its holdings in Coeur Mining by 1.5% in the first quarter. Grand Central Investment Group now owns 40,514 shares of the basic materials company’s stock worth $760,000 after purchasing an additional 612 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Coeur Mining by 119.8% in the first quarter. Janney Montgomery Scott LLC now owns 94,875 shares of the basic materials company’s stock worth $1,781,000 after purchasing an additional 51,714 shares during the last quarter. Finally, Louisbourg Investments Inc. acquired a new position in shares of Coeur Mining during the first quarter worth $5,490,000. Institutional investors own 63.01% of the company’s stock.

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 dated Monday, June 1st. The stock was sold at an average price of $18.60, for a total value of $725,400.00. Following the completion of the transaction, the chief accounting officer directly owned 77,204 shares in the company, valued at $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 SEC, which is available through the SEC website. Corporate insiders own 0.90% of the company’s stock.

Coeur Mining Trading Down 0.1%

NYSE:CDE opened at $17.28 on Friday. The company has a market capitalization of $17.87 billion, a P/E ratio of 14.89 and a beta of 1.29. The company has a current ratio of 3.73, a quick ratio of 2.14 and a debt-to-equity ratio of 0.07. Coeur Mining, Inc. has a 12 month low of $8.56 and a 12 month high of $27.77. The firm has a fifty day simple moving average of $17.74 and a 200-day simple moving average of $19.76.

Coeur Mining (NYSE:CDE) last released its earnings results 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). The firm had revenue of $856.19 million during the quarter, compared to analyst estimates of $815.59 million. Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. Coeur Mining’s revenue was up 137.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 earnings per share. On average, equities research analysts anticipate that Coeur Mining, Inc. will post 1.46 earnings per share for the current year.

Coeur Mining Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd were issued a $0.02 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a dividend yield of 23.0%. Coeur Mining’s dividend payout ratio is currently 3.45%.

Analysts Set New Price Targets

Several brokerages have recently commented on CDE. Scotiabank started coverage on Coeur Mining in a report on Friday, June 12th. They set a “sector outperform” rating and a $27.50 price objective for the company. Cantor Fitzgerald lowered Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a research report on Thursday, May 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Coeur Mining in a report on Wednesday, June 24th. Wall Street Zen lowered Coeur Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, ATB Cormark Capital Markets upgraded shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.28.

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.