Janney Montgomery Scott LLC Buys 51,714 Shares of Coeur Mining, Inc. $CDE

Janney Montgomery Scott LLC increased its stake in Coeur Mining, Inc. (NYSE:CDE) by 119.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 94,875 shares of the basic materials company’s stock after acquiring an additional 51,714 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Coeur Mining were worth $1,781,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. AQR Capital Management LLC raised its holdings 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 purchasing an additional 281,489 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Coeur Mining by 18.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock valued at $49,449,000 after purchasing an additional 1,278,110 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Coeur Mining by 122.6% during the first 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 period. Focus Partners Wealth acquired a new stake in shares of Coeur Mining during the first quarter worth $60,000. Finally, Intech Investment Management LLC increased its position in shares of Coeur Mining by 58.4% during the first 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 period. 63.01% of the stock is currently owned by institutional investors.

Coeur Mining Trading Up 5.3%

Shares of Coeur Mining stock opened at $16.04 on Friday. The stock has a market capitalization of $16.60 billion, a PE ratio of 13.83 and a beta of 1.29. Coeur Mining, Inc. has a 52 week low of $8.56 and a 52 week high of $27.77. The stock has a 50 day moving average price of $17.53 and a two-hundred day moving average price of $19.74. 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 (NYSE:CDE) last issued its earnings results on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.The firm had revenue of $856.19 million for the quarter, compared to analyst estimates of $815.59 million. During the same period in the previous year, the company earned $0.11 earnings per share. Coeur Mining’s revenue for the quarter was up 137.8% compared to the same quarter last year. As a group, equities analysts anticipate that Coeur Mining, Inc. will post 1.46 earnings per share for the current fiscal year.

Coeur Mining Dividend Announcement

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

Insider Buying and Selling

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 39,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $18.60, for a total transaction of $725,400.00. Following the completion of the sale, the chief accounting officer directly owned 77,204 shares of the company’s stock, valued at approximately $1,435,994.40. The trade was a 33.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

CDE has been the subject of several research analyst reports. Wall Street Zen lowered Coeur Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. ATB Cormark Capital Markets upgraded Coeur Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, March 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, June 24th. Zacks Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Finally, Cantor Fitzgerald lowered 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. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Coeur Mining has an average rating of “Moderate Buy” and a consensus price target of $26.28.

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.