Coeur Mining, Inc. $CDE Shares Acquired by Amundi

Amundi boosted its stake in Coeur Mining, Inc. (NYSE:CDE) by 107.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,164,731 shares of the basic materials company’s stock after purchasing an additional 3,186,761 shares during the quarter. Amundi’s holdings in Coeur Mining were worth $115,712,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership raised its stake in Coeur Mining by 92.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 27,981,273 shares of the basic materials company’s stock worth $524,669,000 after purchasing an additional 13,418,041 shares during the period. Tidal Investments LLC grew its stake 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 buying an additional 7,382,955 shares during the period. Norges Bank acquired a new stake in shares of Coeur Mining during the 4th quarter worth $128,389,000. Renaissance Technologies LLC increased its holdings 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. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Coeur Mining by 92.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 12,502,645 shares of the basic materials company’s stock worth $222,922,000 after buying an additional 6,012,718 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CDE shares. Cantor Fitzgerald cut Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a report on Thursday, May 7th. Scotiabank restated an “outperform” rating and set a $28.50 price target on shares of Coeur Mining in a research note on Tuesday, July 14th. Canaccord Genuity Group upgraded Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Wednesday, April 29th. Wall Street Zen lowered Coeur Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Roth Capital reiterated a “buy” rating and set a $25.00 target price on shares of Coeur Mining in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.39.

Coeur Mining Price Performance

Coeur Mining stock opened at $14.91 on Friday. The firm has a fifty day moving average of $16.55 and a 200-day moving average of $19.34. Coeur Mining, Inc. has a 52-week low of $8.56 and a 52-week high of $27.77. 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 firm has a market capitalization of $15.43 billion, a P/E ratio of 12.86 and a beta of 1.29.

Coeur Mining (NYSE:CDE) last posted its 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). Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. The business had revenue of $856.19 million for the quarter, compared to analyst estimates of $815.59 million. During the same quarter in the previous year, the firm posted $0.11 EPS. The business’s revenue was up 137.8% compared to the same quarter last year. As a group, analysts predict that Coeur Mining, Inc. will post 1.25 EPS for the current year.

Coeur Mining Dividend Announcement

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

Insider Activity at Coeur Mining

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 39,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $1,435,994.40. The trade was 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 this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

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.