CenterBook Partners LP Buys New Shares in Coeur Mining, Inc. $CDE

CenterBook Partners LP bought a new position in Coeur Mining, Inc. (NYSE:CDE) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 54,407 shares of the basic materials company’s stock, valued at approximately $970,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sprott Inc. grew its position in shares of Coeur Mining by 2.0% during the third quarter. Sprott Inc. now owns 9,208,046 shares of the basic materials company’s stock worth $172,743,000 after purchasing an additional 176,388 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Coeur Mining by 55.8% in the 3rd quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company’s stock worth $1,238,201,000 after purchasing an additional 23,646,265 shares in the last quarter. Algert Global LLC boosted its stake in Coeur Mining by 65.1% in the 3rd quarter. Algert Global LLC now owns 526,860 shares of the basic materials company’s stock worth $9,884,000 after purchasing an additional 207,670 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Coeur Mining by 36.3% during the 3rd 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 buying an additional 6,352,828 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Coeur Mining by 498.8% during the 3rd quarter. Victory Capital Management Inc. now owns 664,840 shares of the basic materials company’s stock valued at $12,472,000 after buying an additional 553,814 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

Insider Transactions at Coeur Mining

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 39,000 shares of the company’s 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 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 document filed with the SEC, which is available at this link. 0.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently commented on CDE. Weiss Ratings downgraded shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 27th. Royal Bank Of Canada lifted their price target on shares of Coeur Mining from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Cantor Fitzgerald cut shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price target on the stock. in a research note on Thursday, May 7th. Canaccord Genuity Group upgraded Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, April 29th. Finally, Wall Street Zen cut Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Coeur Mining currently has a consensus rating of “Moderate Buy” and an average price target of $24.56.

Coeur Mining Stock Performance

Shares of NYSE:CDE opened at $15.44 on Thursday. Coeur Mining, Inc. has a 52 week low of $8.46 and a 52 week high of $27.77. The stock has a market capitalization of $15.97 billion, a P/E ratio of 13.31 and a beta of 1.25. The firm has a fifty day simple moving average of $18.60 and a two-hundred day simple moving average of $19.68. The company has a quick ratio of 2.14, a current ratio of 3.73 and a debt-to-equity ratio of 0.07.

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). 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 analysts’ expectations of $815.59 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The firm’s quarterly revenue was up 137.8% compared to the same quarter last year. On average, analysts expect that Coeur Mining, Inc. will post 1.46 earnings per share for the current fiscal 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 paid 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 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.