MYDA Advisors LLC Purchases New Holdings in Coeur Mining, Inc. $CDE

MYDA Advisors LLC purchased a new stake in Coeur Mining, Inc. (NYSE:CDE) in the fourth quarter, Holdings Channel.com reports. The firm purchased 30,000 shares of the basic materials company’s stock, valued at approximately $535,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CDE. Van ECK Associates Corp boosted its holdings in Coeur Mining by 55.8% in the third quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company’s stock valued at $1,238,201,000 after purchasing an additional 23,646,265 shares during the last quarter. Tidal Investments LLC boosted its holdings in Coeur Mining by 55.3% in the second quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock valued at $183,709,000 after purchasing an additional 7,382,955 shares during the last quarter. Norges Bank purchased a new position in Coeur Mining in the fourth quarter valued at about $128,389,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Coeur Mining by 36.3% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,857,511 shares of the basic materials company’s stock valued at $447,567,000 after purchasing an additional 6,352,828 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Coeur Mining by 92.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 12,502,645 shares of the basic materials company’s stock valued at $222,922,000 after purchasing an additional 6,012,718 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CDE. Scotiabank began coverage on Coeur Mining in a report on Friday. They issued a “sector outperform” rating and a $27.50 price target for the company. Canaccord Genuity Group raised Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Wednesday, April 29th. BMO Capital Markets began coverage on Coeur Mining in a report on Wednesday, March 25th. They set an “outperform” rating and a $27.00 target price on the stock. ATB Cormark Capital Markets raised Coeur Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, March 24th. Finally, Wall Street Zen downgraded Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Coeur Mining currently has a consensus rating of “Moderate Buy” and an average target price of $26.28.

Insider Buying and Selling

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 39,000 shares of the stock in a transaction that occurred 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 $1,435,994.40. This trade represents a 33.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.90% of the stock is currently owned by corporate insiders.

Coeur Mining Trading Up 0.0%

NYSE:CDE opened at $17.20 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 business’s 50 day moving average is $18.52 and its two-hundred day moving average is $19.71. Coeur Mining, Inc. has a 52 week low of $8.46 and a 52 week high of $27.77. The company has a market cap of $17.80 billion, a PE ratio of 14.83 and a beta of 1.25.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, May 6th. The basic materials company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.The firm had revenue of $856.19 million for the quarter, compared to the consensus estimate of $815.59 million. During the same period in the prior year, the business earned $0.11 EPS. The company’s quarterly revenue was up 137.8% on a year-over-year basis. On average, analysts predict that Coeur Mining, Inc. will post 1.46 EPS for the current year.

Coeur Mining Announces Dividend

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

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.