30,873 Coeur Mining, Inc. $CDE Shares Purchased by StoneX Group Inc.

StoneX Group Inc. boosted its stake in Coeur Mining, Inc. (NYSE:CDE) by 59.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 82,972 shares of the basic materials company’s stock after acquiring an additional 30,873 shares during the period. StoneX Group Inc.’s holdings in Coeur Mining were worth $1,407,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership lifted its position in Coeur Mining by 92.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 27,981,273 shares of the basic materials company’s stock valued at $524,669,000 after buying an additional 13,418,041 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Coeur Mining during the second quarter valued at about $104,760,000. Renaissance Technologies LLC increased its position in shares of Coeur Mining by 889.6% during the first quarter. Renaissance Technologies LLC now owns 6,870,813 shares of the basic materials company’s stock valued at $128,965,000 after acquiring an additional 6,176,524 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Coeur Mining by 34.4% during the first quarter. Dimensional Fund Advisors LP now owns 12,872,677 shares of the basic materials company’s stock valued at $241,484,000 after acquiring an additional 3,291,431 shares during the last quarter. Finally, Amundi increased its position in shares of Coeur Mining by 107.0% during the first quarter. Amundi now owns 6,164,731 shares of the basic materials company’s stock valued at $115,712,000 after acquiring an additional 3,186,761 shares during the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. New Street Research set a $23.50 price target on shares of Coeur Mining in a research note on Monday. Needham & Company LLC set a $23.50 price objective on shares of Coeur Mining in a research report on Monday. Weiss Ratings downgraded shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, October 27th. Scotiabank dropped their target price on shares of Coeur Mining from $26.50 to $23.50 and set a “sector outperform” rating for the company in a report on Monday. Finally, Zacks Research raised Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Coeur Mining currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.25.

Insiders Place Their Bets

In other news, Director J. Kenneth Thompson sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $20.77, for a total value of $519,250.00. Following the completion of the transaction, the director owned 257,333 shares of the company’s stock, valued at approximately $5,344,806.41. This trade represents a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Thomas S. Whelan sold 6,000 shares of Coeur Mining stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $20.87, for a total transaction of $125,220.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 51,000 shares of company stock worth $1,055,070 over the last three months. Company insiders own 0.90% of the company’s stock.

Coeur Mining Price Performance

CDE stock opened at $16.48 on Tuesday. The business’s fifty day moving average price is $17.33 and its 200 day moving average price is $18.73. Coeur Mining, Inc. has a 12-month low of $12.71 and a 12-month high of $27.77. The company has a current ratio of 3.65, a quick ratio of 2.44 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $16.94 billion, a PE ratio of 18.94 and a beta of 1.46.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, November 4th. The basic materials company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). Coeur Mining had a net margin of 19.25% and a return on equity of 8.72%. The firm had revenue of $983.62 million for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the business earned $0.23 earnings per share. The business’s revenue was up 77.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Coeur Mining, Inc. will post 0.78 EPS for the current year.

Coeur Mining Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Monday, November 30th will be paid a dividend of $0.02 per share. The ex-dividend date is Monday, November 30th. This represents a yield of 27.0%. Coeur Mining’s dividend payout ratio is 4.60%.

About Coeur Mining

Coeur Mining, Inc is a precious metals producer focused on the exploration, development and operation of mines. The company primarily produces silver and gold, with its output also including related metals.

Coeur operates mines in the United States and Mexico. Its portfolio includes silver-and-gold operations as well as gold-focused mines, and the company also conducts exploration to identify and develop mineral resources.

Founded in 1928, Coeur Mining is headquartered in Chicago.