Capula Management Ltd Grows Stock Holdings in Coeur Mining, Inc. $CDE

Capula Management Ltd lifted its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 23.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 213,088 shares of the basic materials company’s stock after purchasing an additional 40,981 shares during the period. Capula Management Ltd’s holdings in Coeur Mining were worth $4,000,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Triumph Capital Management lifted its position in Coeur Mining by 300.0% during the fourth quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock worth $29,000 after buying an additional 1,200 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Coeur Mining by 74.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock valued at $30,000 after buying an additional 1,435 shares in the last quarter. Kingdom Financial Group LLC. acquired a new stake in shares of Coeur Mining in the 4th quarter worth $32,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Coeur Mining in the 4th quarter worth $33,000. Finally, Transamerica Financial Advisors LLC purchased a new position in shares of Coeur Mining during the 4th quarter worth $34,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Coeur Mining

In other news, CAO Kenneth J. Watkinson sold 39,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is owned by company insiders.

Coeur Mining Trading Down 3.9%

CDE opened at $15.22 on Friday. 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 business has a fifty day simple moving average of $16.85 and a 200-day simple moving average of $19.53. The firm has a market cap of $15.75 billion, a P/E ratio of 13.13 and a beta of 1.29.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data 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 firm had revenue of $856.19 million during the quarter, compared to analysts’ expectations of $815.59 million. During the same quarter in the prior year, the firm posted $0.11 EPS. Coeur Mining’s quarterly revenue was up 137.8% compared to the same quarter last year. On average, equities analysts expect that Coeur Mining, Inc. will post 1.25 earnings per share for the current year.

Coeur Mining Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Friday, May 22nd. This represents a yield of 23.0%. Coeur Mining’s dividend payout ratio is 3.45%.

Analyst Ratings Changes

Several brokerages have recently weighed in on CDE. Scotiabank reissued an “outperform” rating and set a $28.50 price target on shares of Coeur Mining in a research report on Tuesday, July 14th. Weiss Ratings restated a “hold (c+)” rating on shares of Coeur Mining in a research report on Wednesday, June 24th. Cantor Fitzgerald lowered shares of 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. Canaccord Genuity Group raised shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Wednesday, April 29th. Finally, Wall Street Zen downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $26.39.

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.