Healthcare of Ontario Pension Plan Trust Fund Buys Shares of 277,118 Coeur Mining, Inc. $CDE

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Coeur Mining, Inc. (NYSE:CDE) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 277,118 shares of the basic materials company’s stock, valued at approximately $5,193,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Renaissance Technologies LLC raised its stake in shares of Coeur Mining by 889.6% during the 1st quarter. Renaissance Technologies LLC now owns 6,870,813 shares of the basic materials company’s stock worth $128,965,000 after buying an additional 6,176,524 shares during the last quarter. Gabelli Funds LLC acquired a new stake in Coeur Mining in the 1st quarter valued at about $515,000. Hilltop Holdings Inc. acquired a new stake in Coeur Mining in the 1st quarter valued at about $349,000. Public Employees Retirement System of Ohio increased its holdings in 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 valued at $73,000 after acquiring an additional 957 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Coeur Mining by 92.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 27,981,273 shares of the basic materials company’s stock valued at $524,669,000 after acquiring an additional 13,418,041 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Transactions at Coeur Mining

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of the firm’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 transaction 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 trade represents a 33.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on CDE shares. Scotiabank restated an “outperform” rating and set a $28.50 target price on shares of Coeur Mining in a research report on Tuesday, July 14th. Zacks Research cut 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 research note on Wednesday, June 24th. Wall Street Zen downgraded Coeur Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Canaccord Genuity Group raised Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Wednesday, April 29th. One research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Coeur Mining presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.39.

Coeur Mining Trading Down 2.2%

Shares of CDE stock opened at $14.59 on Thursday. The company has a market capitalization of $15.09 billion, a price-to-earnings ratio of 12.58 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. The firm has a 50-day moving average price of $16.66 and a 200 day moving average price of $19.40. Coeur Mining, Inc. has a twelve month low of $8.56 and a twelve month high of $27.77.

Coeur Mining (NYSE:CDE) last released its quarterly 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 for the quarter, compared to analyst estimates of $815.59 million. Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.Coeur Mining’s revenue for the quarter was up 137.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.11 earnings per share. Research analysts forecast that Coeur Mining, Inc. will post 1.25 earnings per share for the current fiscal year.

Coeur Mining Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 22nd were paid 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 dividend 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.