Bank of New York Mellon Corp Has $79.67 Million Holdings in Coeur Mining, Inc. $CDE

Bank of New York Mellon Corp lifted its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 86.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,244,553 shares of the basic materials company’s stock after purchasing an additional 1,972,264 shares during the quarter. Bank of New York Mellon Corp’s holdings in Coeur Mining were worth $79,670,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Triumph Capital Management raised its holdings in Coeur Mining by 300.0% in 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 in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Coeur Mining by 74.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 1,435 shares in the last quarter. Kingdom Financial Group LLC. bought a new position in shares of Coeur Mining in the fourth quarter worth $32,000. Kemnay Advisory Services Inc. acquired a new position in Coeur Mining in the fourth quarter valued at about $33,000. Finally, Transamerica Financial Advisors LLC acquired a new position in Coeur Mining in the fourth quarter valued at about $34,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Coeur Mining 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 transaction 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 trade represents a 33.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CDE shares. Wall Street Zen downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Roth Capital restated a “buy” rating and issued a $25.00 target price on shares of Coeur Mining in a research report on Friday, May 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Coeur Mining in a report on Wednesday, June 24th. Scotiabank reaffirmed an “outperform” rating and set a $28.50 price target on shares of Coeur Mining in a report on Tuesday, July 14th. Finally, BMO Capital Markets started coverage on shares of Coeur Mining in a research report on Wednesday, March 25th. They set an “outperform” rating and a $27.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.39.

Coeur Mining Price Performance

Shares of NYSE:CDE opened at $15.29 on Wednesday. The company has a market cap of $15.82 billion, a price-to-earnings ratio of 13.18 and a beta of 1.29. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.73 and a quick ratio of 2.14. The firm has a 50 day simple moving average of $17.01 and a 200 day simple moving average of $19.56. Coeur Mining, Inc. has a one year low of $8.56 and a one year high of $27.77.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data 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). The firm had revenue of $856.19 million for 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%.The company’s revenue was up 137.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 EPS. Research analysts predict that Coeur Mining, Inc. will post 1.25 earnings per share for the current fiscal year.

Coeur Mining Announces Dividend

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

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.