Diversified Trust Co Grows Stock Position in Coeur Mining, Inc. $CDE

Diversified Trust Co boosted its position in Coeur Mining, Inc. (NYSE:CDE) by 30.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 125,692 shares of the basic materials company’s stock after purchasing an additional 29,028 shares during the period. Diversified Trust Co’s holdings in Coeur Mining were worth $2,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Van ECK Associates Corp lifted its position in shares of 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 valued at $1,238,201,000 after buying an additional 23,646,265 shares during the last quarter. State Street Corp increased its holdings in Coeur Mining by 6.7% in the 4th quarter. State Street Corp now owns 24,250,702 shares of the basic materials company’s stock worth $432,390,000 after acquiring an additional 1,529,394 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Coeur Mining by 36.3% in 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 acquiring an additional 6,352,828 shares during the last quarter. Tidal Investments LLC raised its stake in Coeur Mining by 55.3% in the 2nd quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock valued at $183,709,000 after acquiring an additional 7,382,955 shares during the period. Finally, Geode Capital Management LLC raised its stake in Coeur Mining by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 15,586,550 shares of the basic materials company’s stock valued at $277,953,000 after acquiring an additional 524,646 shares during the period. 63.01% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Kenneth J. Watkinson sold 39,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were 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 directly owned 77,204 shares in the company, valued at approximately $1,435,994.40. This trade represents a 33.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.90% of the company’s stock.

Coeur Mining Stock Performance

NYSE:CDE opened at $17.53 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. Coeur Mining, Inc. has a 52-week low of $8.46 and a 52-week high of $27.77. The firm has a market cap of $18.13 billion, a price-to-earnings ratio of 15.11 and a beta of 1.25. The business’s fifty day moving average is $18.41 and its 200 day moving average is $19.77.

Coeur Mining (NYSE:CDE) last issued 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 return on equity of 15.38% and a net margin of 31.15%.The company 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 business earned $0.11 EPS. The firm’s revenue for the quarter was up 137.8% compared to the same quarter last year. Research analysts predict that Coeur Mining, Inc. will post 1.46 EPS for the current year.

Coeur Mining Dividend Announcement

The company 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. This represents a dividend yield of 23.0%. The ex-dividend date of this dividend was Friday, May 22nd. Coeur Mining’s dividend payout ratio is presently 3.45%.

Analyst Ratings Changes

A number of equities analysts have weighed in on CDE shares. Roth Mkm reiterated a “buy” rating and set a $25.00 target price on shares of Coeur Mining in a research report on Friday, May 8th. Scotiabank assumed coverage on shares of Coeur Mining in a research note on Friday, June 12th. They issued a “sector outperform” rating and a $27.50 target price for the company. Wall Street Zen lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Cantor Fitzgerald cut shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price target on the stock. in a research note on Thursday, May 7th. Finally, Zacks Research raised shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average 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.