Erste Asset Management GmbH Grows Position in Coeur Mining, Inc. $CDE

Erste Asset Management GmbH grew its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 54.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 104,464 shares of the basic materials company’s stock after purchasing an additional 37,000 shares during the quarter. Erste Asset Management GmbH’s holdings in Coeur Mining were worth $1,913,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in shares of Coeur Mining by 74.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 1,435 shares during the period. Kingdom Financial Group LLC. purchased a new stake in shares of Coeur Mining during the fourth quarter valued at approximately $32,000. JPL Wealth Management LLC bought a new position in shares of Coeur Mining during the third quarter valued at approximately $35,000. Lodestone Wealth Management LLC bought a new position in shares of Coeur Mining during the fourth quarter valued at approximately $36,000. Finally, Sound Income Strategies LLC raised its holdings in shares of Coeur Mining by 99.2% during the fourth quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 996 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Price Performance

Shares of Coeur Mining stock opened at $16.10 on Wednesday. The business has a 50 day moving average of $18.62 and a 200 day moving average of $19.67. 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 company has a market cap of $16.65 billion, a PE ratio of 13.88 and a beta of 1.25. Coeur Mining, Inc. has a 52 week low of $8.46 and a 52 week high of $27.77.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data 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). The firm had revenue of $856.19 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the company posted $0.11 EPS. As a group, equities research analysts forecast that Coeur Mining, Inc. will post 1.46 earnings per share for the current year.

Coeur Mining Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CDE. Cantor Fitzgerald downgraded Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price for the company. in a report on Thursday, May 7th. Wall Street Zen downgraded Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. ATB Cormark Capital Markets upgraded Coeur Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, March 24th. Finally, Weiss Ratings downgraded Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 27th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.56.

Insider Transactions at Coeur Mining

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 39,000 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $18.60, for a total value of $725,400.00. Following the completion of the transaction, the chief accounting officer owned 77,204 shares in the company, valued at approximately $1,435,994.40. This represents a 33.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.90% of the company’s stock.

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.