Cvfg LLC Makes New $2.32 Million Investment in Coeur Mining, Inc. $CDE

Cvfg LLC acquired a new stake in Coeur Mining, Inc. (NYSE:CDE) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 123,599 shares of the basic materials company’s stock, valued at approximately $2,320,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC increased its position in shares of Coeur Mining by 60.2% during the 1st quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock valued at $4,434,000 after purchasing an additional 281,489 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Coeur Mining by 18.1% during the first quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock worth $49,449,000 after buying an additional 1,278,110 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Coeur Mining by 122.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company’s stock valued at $14,393,000 after acquiring an additional 1,339,138 shares during the last quarter. Focus Partners Wealth bought a new position in Coeur Mining during the first quarter valued at $60,000. Finally, Intech Investment Management LLC lifted its holdings in shares of Coeur Mining by 58.4% in the 1st quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock worth $1,594,000 after acquiring an additional 99,256 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Price Performance

Shares of CDE stock opened at $16.04 on Wednesday. The company has a market capitalization of $16.59 billion, a P/E ratio of 13.83 and a beta of 1.29. The company’s 50-day simple moving average is $17.64 and its two-hundred day simple moving average is $19.77. Coeur Mining, Inc. has a one year low of $8.56 and a one year high of $27.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.73 and a quick ratio of 2.14.

Coeur Mining (NYSE:CDE) last posted its quarterly 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). The company had revenue of $856.19 million for the quarter, compared to the consensus estimate of $815.59 million. Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. The business’s revenue was up 137.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 EPS. As a group, equities analysts anticipate that Coeur Mining, Inc. will post 1.46 EPS for the current year.

Coeur Mining Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend was Friday, May 22nd. This represents a yield of 23.0%. Coeur Mining’s payout ratio is 3.45%.

Insider Buying and Selling at Coeur Mining

In other 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 transaction of $725,400.00. Following the transaction, the chief accounting officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. BMO Capital Markets initiated coverage on shares of Coeur Mining in a report on Wednesday, March 25th. They set an “outperform” rating and a $27.00 price target on the stock. Canadian Imperial Bank of Commerce started coverage on Coeur Mining in a research report on Tuesday, March 10th. They set an “outperform” rating and a $40.00 target price for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, June 24th. Canaccord Genuity Group upgraded 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. Finally, ATB Cormark Capital Markets upgraded Coeur Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, March 24th. 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.28.

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.