Coeur Mining, Inc. $CDE Shares Acquired by Weiss Asset Management LP

Weiss Asset Management LP grew its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 1,702.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251,651 shares of the basic materials company’s stock after purchasing an additional 237,690 shares during the quarter. Weiss Asset Management LP’s holdings in Coeur Mining were worth $4,723,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CDE. Triumph Capital Management boosted its holdings in Coeur Mining by 300.0% during the fourth quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock worth $29,000 after buying an additional 1,200 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Coeur Mining by 74.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock valued at $30,000 after buying an additional 1,435 shares during the period. Kingdom Financial Group LLC. purchased a new position in Coeur Mining in the fourth quarter valued at $32,000. Kemnay Advisory Services Inc. purchased a new position in Coeur Mining in the fourth quarter valued at $33,000. Finally, Transamerica Financial Advisors LLC acquired a new position in shares of Coeur Mining in the fourth quarter worth about $34,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Kenneth J. Watkinson sold 39,000 shares of the stock in a transaction dated 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 in the company, valued at $1,435,994.40. This represents a 33.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.90% of the stock is owned by insiders.

Coeur Mining Stock Performance

CDE opened at $15.14 on Monday. The company has a quick ratio of 2.14, a current ratio of 3.73 and a debt-to-equity ratio of 0.07. The company has a market cap of $15.67 billion, a price-to-earnings ratio of 13.06 and a beta of 1.29. Coeur Mining, Inc. has a 52-week low of $8.56 and a 52-week high of $27.77. The firm’s fifty day simple moving average is $16.80 and its two-hundred day simple moving average is $19.50.

Coeur Mining (NYSE:CDE) last announced 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 company 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%. The firm’s revenue for the quarter was up 137.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.11 EPS. Equities analysts anticipate that Coeur Mining, Inc. will post 1.25 earnings per share for the current fiscal year.

Coeur Mining Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, June 10th. Investors 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 presently 3.45%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Zacks Research lowered shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. Cantor Fitzgerald lowered Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a research note on Thursday, May 7th. Wall Street Zen cut Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. 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 research report on Wednesday, April 29th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Coeur Mining in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Coeur Mining has a consensus rating of “Moderate Buy” and a consensus target price of $26.39.

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.