HighTower Advisors LLC Sells 90,911 Shares of Coeur Mining, Inc. $CDE

HighTower Advisors LLC reduced its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 38.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 146,955 shares of the basic materials company’s stock after selling 90,911 shares during the period. HighTower Advisors LLC’s holdings in Coeur Mining were worth $2,620,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Sprott Inc. increased its holdings in 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 buying an additional 176,388 shares during the last quarter. Van ECK Associates Corp increased its holdings in Coeur Mining by 55.8% during the third quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company’s stock worth $1,238,201,000 after buying an additional 23,646,265 shares during the last quarter. Algert Global LLC increased its holdings in Coeur Mining by 65.1% during the third quarter. Algert Global LLC now owns 526,860 shares of the basic materials company’s stock worth $9,884,000 after buying an additional 207,670 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Coeur Mining by 36.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,857,511 shares of the basic materials company’s stock worth $447,567,000 after buying an additional 6,352,828 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Coeur Mining by 498.8% during the third quarter. Victory Capital Management Inc. now owns 664,840 shares of the basic materials company’s stock worth $12,472,000 after buying an additional 553,814 shares during the last quarter. 63.01% of the stock is owned by institutional investors.

Coeur Mining Price Performance

CDE opened at $19.30 on Monday. The company has a market capitalization of $19.96 billion, a price-to-earnings ratio of 16.63 and a beta of 1.25. 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 firm has a 50-day moving average price of $18.60 and a 200-day moving average price of $19.53. Coeur Mining, Inc. has a twelve month low of $7.87 and a twelve month high of $27.77.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $856.19 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 EPS. Equities analysts expect that Coeur Mining, Inc. will post 1.46 EPS for the current year.

Coeur Mining Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd will be given a $0.02 dividend. This represents a dividend yield of 23.0%. The ex-dividend date is Friday, May 22nd. Coeur Mining’s dividend payout ratio (DPR) is 3.45%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CDE shares. Roth Mkm restated a “buy” rating and set a $25.00 price objective on shares of Coeur Mining in a report on Friday, May 8th. BMO Capital Markets initiated coverage on shares of Coeur Mining in a report on Wednesday, March 25th. They set an “outperform” rating and a $27.00 price objective for the company. Wall Street Zen cut Coeur Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Cantor Fitzgerald cut Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a research note on Thursday, May 7th. Finally, Canaccord Genuity Group upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.56.

About Coeur Mining

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.