Ritholtz Wealth Management Purchases 52,103 Shares of Coeur Mining, Inc. $CDE

Ritholtz Wealth Management raised its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 284.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 70,430 shares of the basic materials company’s stock after purchasing an additional 52,103 shares during the quarter. Ritholtz Wealth Management’s holdings in Coeur Mining were worth $1,322,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. AQR Capital Management LLC increased its position in Coeur Mining by 60.2% in the first quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock worth $4,434,000 after buying an additional 281,489 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Coeur Mining by 18.1% in the first quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock worth $49,449,000 after buying an additional 1,278,110 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Coeur Mining by 122.6% during the 1st 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 valued at $14,393,000 after purchasing an additional 1,339,138 shares during the last quarter. Focus Partners Wealth bought a new position in Coeur Mining during the first quarter valued at approximately $60,000. Finally, Intech Investment Management LLC grew its holdings in shares of Coeur Mining by 58.4% in the first quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock valued at $1,594,000 after purchasing an additional 99,256 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Up 0.1%

Shares of NYSE CDE opened at $16.04 on Monday. The stock’s fifty day simple moving average is $18.01 and its two-hundred day simple moving average is $19.78. Coeur Mining, Inc. has a 12-month low of $8.46 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. The stock has a market capitalization of $16.59 billion, a PE ratio of 13.83 and a beta of 1.25.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, May 6th. The basic materials company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm had revenue of $856.19 million during 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 business’s revenue for the quarter was up 137.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.11 earnings per share. As a group, analysts expect that Coeur Mining, Inc. will post 1.46 EPS for the current fiscal year.

Coeur Mining Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, June 10th. Investors 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%.

Insider Activity

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of the 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 of the company’s stock, valued at $1,435,994.40. This trade represents a 33.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on CDE shares. Cantor Fitzgerald cut Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a research note on Thursday, May 7th. Canadian Imperial Bank of Commerce assumed coverage on shares of Coeur Mining in a report on Tuesday, March 10th. They set 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 target for the company in a report on Wednesday, April 29th. ATB Cormark Capital Markets raised Coeur Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, March 24th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Coeur Mining in a report on Wednesday. One equities 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 company’s stock. According to MarketBeat, Coeur Mining currently has an average rating of “Moderate Buy” and a consensus target price 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.