Cookson Peirce & Co. Inc. Increases Stock Holdings in Coeur Mining, Inc. $CDE

Cookson Peirce & Co. Inc. increased its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 200.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,034 shares of the basic materials company’s stock after buying an additional 50,034 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Coeur Mining were worth $1,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CDE. AQR Capital Management LLC grew its stake in Coeur Mining by 60.2% during the 1st quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock worth $4,434,000 after buying an additional 281,489 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Coeur Mining by 18.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock worth $49,449,000 after buying an additional 1,278,110 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Coeur Mining by 122.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company’s stock worth $14,393,000 after buying an additional 1,339,138 shares during the last quarter. Focus Partners Wealth purchased a new position in Coeur Mining during the 1st quarter worth $60,000. Finally, Intech Investment Management LLC grew its stake in Coeur Mining by 58.4% during the 1st quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock worth $1,594,000 after buying an additional 99,256 shares during the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Coeur Mining

In other news, CAO Kenneth J. Watkinson sold 39,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $18.60, for a total value of $725,400.00. Following the sale, the chief accounting officer owned 77,204 shares in the company, valued at $1,435,994.40. This represents a 33.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CDE shares. Cantor Fitzgerald downgraded Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a research note on Thursday, May 7th. Wall Street Zen downgraded Coeur Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Canaccord Genuity Group upgraded Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Wednesday, April 29th. Royal Bank Of Canada boosted their target price on Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Finally, Weiss Ratings downgraded Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 27th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.56.

Coeur Mining Stock Down 0.6%

Coeur Mining stock opened at $16.27 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.14 and a current ratio of 3.73. The business’s 50-day simple moving average is $18.63 and its two-hundred day simple moving average is $19.64. The company has a market cap of $16.83 billion, a PE ratio of 14.03 and a beta of 1.25. Coeur Mining, Inc. has a fifty-two week low of $8.46 and a fifty-two week high of $27.77.

Coeur Mining (NYSE:CDE) last posted its quarterly 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 firm had revenue of $856.19 million for the quarter, compared to analysts’ expectations of $815.59 million. Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. The firm’s revenue for the quarter was up 137.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 EPS. Equities analysts anticipate that Coeur Mining, Inc. will post 1.46 EPS for the current year.

Coeur Mining Announces Dividend

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

Coeur Mining 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.