Intech Investment Management LLC Has $5.18 Million Position in Coeur Mining, Inc. $CDE

Intech Investment Management LLC boosted its holdings in Coeur Mining, Inc. (NYSE:CDE) by 73.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 290,457 shares of the basic materials company’s stock after purchasing an additional 122,640 shares during the quarter. Intech Investment Management LLC’s holdings in Coeur Mining were worth $5,179,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Sprott Inc. grew its position in Coeur Mining by 2.0% in the 3rd quarter. Sprott Inc. now owns 9,208,046 shares of the basic materials company’s stock valued at $172,743,000 after purchasing an additional 176,388 shares during the period. Van ECK Associates Corp increased its holdings in Coeur Mining by 55.8% during 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 increased its holdings in Coeur Mining by 65.1% during 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 worth $447,567,000 after purchasing an additional 6,352,828 shares in the last quarter. Finally, Victory Capital Management Inc. increased 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 worth $12,472,000 after purchasing an additional 553,814 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Roth Mkm reissued a “buy” rating and set a $25.00 price objective on shares of Coeur Mining in a report on Friday, May 8th. Wall Street Zen lowered Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Canadian Imperial Bank of Commerce assumed coverage on Coeur Mining in a report on Tuesday, March 10th. They set an “outperform” rating and a $40.00 price objective for the company. ATB Cormark Capital Markets raised Coeur Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, March 24th. Finally, BMO Capital Markets assumed coverage on Coeur Mining in a report on Wednesday, March 25th. They set an “outperform” rating and a $27.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Coeur Mining currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.56.

Coeur Mining Stock Performance

CDE stock opened at $19.30 on Monday. The firm has a market cap of $19.96 billion, a PE 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 business has a 50 day moving average of $18.60 and a 200-day moving average of $19.53. Coeur Mining, Inc. has a 12-month low of $7.87 and a 12-month high of $27.77.

Coeur Mining (NYSE:CDE) last released 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). The business had revenue of $856.19 million during the quarter, compared to the consensus estimate of $815.59 million. Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. The business’s revenue was up 137.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.11 earnings per share. As a group, sell-side analysts expect that Coeur Mining, Inc. will post 1.46 earnings per share for the current year.

Coeur Mining Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd will be issued a $0.02 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a dividend yield of 23.0%. Coeur Mining’s dividend payout ratio is currently 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.