Coeur Mining, Inc. $CDE Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its position in Coeur Mining, Inc. (NYSE:CDE) by 1.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,563,232 shares of the basic materials company’s stock after purchasing an additional 259,978 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Coeur Mining were worth $259,662,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its stake in Coeur Mining by 20.9% in the 4th quarter. Allworth Financial LP now owns 2,994 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 517 shares during the last quarter. Baader Bank Aktiengesellschaft increased its stake in shares of Coeur Mining by 2.8% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 34,090 shares of the basic materials company’s stock valued at $608,000 after acquiring an additional 935 shares during the last quarter. Sound Income Strategies LLC increased its stake 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 valued at $36,000 after acquiring an additional 996 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Coeur Mining by 12.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,650 shares of the basic materials company’s stock valued at $190,000 after acquiring an additional 1,156 shares during the last quarter. Finally, Triumph Capital Management increased its stake in shares of Coeur Mining by 300.0% during the 4th quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insiders Place Their Bets

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 sale, the chief accounting officer directly owned 77,204 shares of the company’s stock, valued at $1,435,994.40. This trade 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 at this link. 0.90% of the stock is owned by corporate insiders.

Coeur Mining Stock Performance

Coeur Mining stock opened at $17.20 on Monday. The stock has a market cap of $17.80 billion, a P/E ratio of 14.83 and a beta of 1.25. The company has a current ratio of 3.73, a quick ratio of 2.14 and a debt-to-equity ratio of 0.07. The stock has a 50 day moving average of $18.52 and a 200-day moving average of $19.71. Coeur Mining, Inc. has a 52 week low of $8.46 and a 52 week high of $27.77.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, May 6th. The basic materials company reported $0.36 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $815.59 million. During the same quarter last year, the company posted $0.11 earnings per share. The business’s quarterly revenue was up 137.8% compared to the same quarter last year. On average, analysts expect that Coeur Mining, Inc. will post 1.46 EPS for the current fiscal year.

Coeur Mining Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd were issued a $0.02 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a dividend yield of 23.0%. Coeur Mining’s payout ratio is 3.45%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CDE shares. 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. BMO Capital Markets initiated coverage on shares of Coeur Mining in a research report on Wednesday, March 25th. They set an “outperform” rating and a $27.00 target price for the company. Zacks Research raised shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. Canaccord Genuity Group raised 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. Finally, Roth Mkm reissued a “buy” rating and set a $25.00 target price on shares of Coeur Mining in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Coeur Mining has a consensus rating of “Moderate Buy” and a consensus price target of $26.28.

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.