Geode Capital Management LLC Purchases 524,646 Shares of Coeur Mining, Inc. $CDE

Geode Capital Management LLC grew its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,586,550 shares of the basic materials company’s stock after buying an additional 524,646 shares during the period. Geode Capital Management LLC owned approximately 2.43% of Coeur Mining worth $277,953,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CDE. EverSource Wealth Advisors LLC increased its position in Coeur Mining by 74.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after buying an additional 1,435 shares during the period. Kingdom Financial Group LLC. bought a new position in Coeur Mining during the 4th quarter worth $32,000. JPL Wealth Management LLC bought a new position in Coeur Mining during the 3rd quarter worth $35,000. Lodestone Wealth Management LLC bought a new position in Coeur Mining during the 4th quarter worth $36,000. Finally, Sound Income Strategies LLC grew its holdings in shares of Coeur Mining by 99.2% during the 4th quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 996 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. BMO Capital Markets assumed coverage on Coeur Mining in a research report on Wednesday, March 25th. They issued an “outperform” rating and a $27.00 price target on the stock. Wall Street Zen downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 27th. Cantor Fitzgerald downgraded shares of 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 price objective on the stock in a research note 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $24.56.

Coeur Mining Stock Performance

Coeur Mining stock opened at $19.31 on Tuesday. Coeur Mining, Inc. has a 12-month low of $8.26 and a 12-month 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’s 50-day moving average price is $18.62 and its two-hundred day moving average price is $19.55. The stock has a market cap of $19.98 billion, a PE ratio of 16.65 and a beta of 1.25.

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 analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $815.59 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The business’s revenue was up 137.8% on a year-over-year basis. As a group, analysts expect that Coeur Mining, Inc. will post 1.46 earnings per share for the current fiscal year.

Coeur Mining Announces Dividend

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