E Fund Management Hong Kong Co. Ltd. Purchases New Holdings in Coeur Mining, Inc. $CDE

E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Coeur Mining, Inc. (NYSE:CDE) in the 4th quarter, Holdings Channel reports. The institutional investor bought 38,925 shares of the basic materials company’s stock, valued at approximately $694,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CDE. EverSource Wealth Advisors LLC lifted its stake 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 worth $30,000 after purchasing an additional 1,435 shares during the last quarter. Covestor Ltd lifted its stake in Coeur Mining by 7,011.5% during the third quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 1,823 shares during the last quarter. JPL Wealth Management LLC bought a new stake in Coeur Mining during the third quarter worth $35,000. Lodestone Wealth Management LLC bought a new stake in Coeur Mining during the fourth quarter worth $36,000. Finally, Sound Income Strategies LLC lifted its stake in Coeur Mining by 99.2% during the fourth quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 996 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on CDE. Weiss Ratings cut Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 27th. Royal Bank Of Canada upped their price target on shares of Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Roth Mkm reiterated a “buy” rating and set a $25.00 price target on shares of Coeur Mining in a report on Friday, May 8th. Wall Street Zen downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Zacks Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $24.56.

Coeur Mining Stock Performance

Shares of CDE opened at $19.78 on Thursday. 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 stock has a market capitalization of $12.70 billion, a P/E ratio of 17.05 and a beta of 1.24. The firm’s fifty day simple moving average is $19.57 and its two-hundred day simple moving average is $19.37. Coeur Mining, Inc. has a 12 month low of $7.15 and a 12 month high of $27.77.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 15.38% and a net margin of 31.15%.Coeur Mining’s revenue for the quarter was up 137.8% compared to the same quarter last year. During the same period last year, the company earned $0.11 EPS. As a group, analysts predict that Coeur Mining, Inc. will post 1.46 EPS for the current year.

Coeur Mining Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 25th will be given a $0.02 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a yield of 20.0%.

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.