Coldstream Capital Management Inc. Reduces Stake in Coeur Mining, Inc. $CDE

Coldstream Capital Management Inc. lowered its holdings in Coeur Mining, Inc. (NYSE:CDE) by 81.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 13,147 shares of the basic materials company’s stock after selling 59,223 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Coeur Mining were worth $234,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Legato Capital Management LLC purchased a new stake in Coeur Mining in the 4th quarter worth approximately $656,000. Lloyd Advisory Services LLC. purchased a new stake in Coeur Mining in the 4th quarter worth approximately $55,000. Kingdom Financial Group LLC. purchased a new stake in Coeur Mining in the 4th quarter worth approximately $32,000. Sierra Summit Advisors LLC purchased a new stake in Coeur Mining in the 4th quarter worth approximately $929,000. Finally, Leonteq Securities AG purchased a new stake in Coeur Mining in the 4th quarter worth approximately $286,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CDE. Canadian Imperial Bank of Commerce began coverage on Coeur Mining in a report on Tuesday, March 10th. They issued an “outperform” rating and a $40.00 price objective for the company. Canaccord Genuity Group upgraded Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Wednesday, April 29th. Royal Bank Of Canada increased their price objective on Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Zacks Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Finally, Roth Mkm restated a “buy” rating and issued a $25.00 target price on shares of Coeur Mining in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.56.

Coeur Mining Stock Down 0.1%

Shares of NYSE:CDE opened at $19.30 on Monday. The stock has a fifty day simple moving average of $18.60 and a two-hundred day simple moving average of $19.53. The stock has a market capitalization of $19.96 billion, a price-to-earnings ratio of 16.63 and a beta of 1.25. Coeur Mining, Inc. has a 12-month low of $7.87 and a 12-month high of $27.77. The company has a current ratio of 3.73, a quick ratio of 2.14 and a debt-to-equity ratio of 0.07.

Coeur Mining (NYSE:CDE) last announced 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 company had revenue of $856.19 million for the quarter, compared to analysts’ expectations of $815.59 million. Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. The firm’s quarterly revenue was up 137.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 EPS. On average, research analysts anticipate that Coeur Mining, Inc. will post 1.46 earnings per share for the current fiscal year.

Coeur Mining Announces Dividend

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

Coeur Mining Company 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.