Hsbc Holdings PLC Has $1.36 Million Stake in Coeur Mining, Inc. $CDE

Hsbc Holdings PLC lowered its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 40.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 76,538 shares of the basic materials company’s stock after selling 52,297 shares during the period. Hsbc Holdings PLC’s holdings in Coeur Mining were worth $1,365,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CDE. Allworth Financial LP raised its position in Coeur Mining by 20.9% in the fourth quarter. Allworth Financial LP now owns 2,994 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 517 shares during the last quarter. Baader Bank Aktiengesellschaft increased its position in Coeur Mining by 2.8% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 34,090 shares of the basic materials company’s stock valued at $608,000 after acquiring an additional 935 shares during the period. Sound Income Strategies LLC grew its stake in shares of Coeur Mining by 99.2% in the fourth quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 996 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Coeur Mining by 12.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,650 shares of the basic materials company’s stock worth $190,000 after purchasing an additional 1,156 shares during the last quarter. Finally, Triumph Capital Management increased its holdings in Coeur Mining by 300.0% in the fourth quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 1,200 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Trading Up 1.3%

NYSE:CDE opened at $16.53 on Thursday. 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 $17.10 billion, a price-to-earnings ratio of 14.25 and a beta of 1.29. The firm has a fifty day simple moving average of $17.80 and a two-hundred day simple moving average of $19.78. Coeur Mining, Inc. has a 12 month low of $8.56 and a 12 month high of $27.77.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $856.19 million during the quarter, compared to the consensus estimate of $815.59 million. Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. The company’s revenue for the quarter was up 137.8% on a year-over-year basis. During the same period last year, the firm posted $0.11 earnings per share. Analysts expect that Coeur Mining, Inc. will post 1.46 EPS for the current fiscal year.

Coeur Mining Dividend Announcement

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

Insider Buying and Selling

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of the company’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 transaction, the chief accounting officer directly owned 77,204 shares of the company’s stock, valued at approximately $1,435,994.40. This represents a 33.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Canadian Imperial Bank of Commerce began coverage on Coeur Mining in a research report on Tuesday, March 10th. They set an “outperform” rating and a $40.00 target price for the company. BMO Capital Markets started coverage on Coeur Mining in a research report on Wednesday, March 25th. They issued an “outperform” rating and a $27.00 price target on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, June 24th. Roth Mkm restated a “buy” rating and set a $25.00 price objective on shares of Coeur Mining in a research report on Friday, May 8th. Finally, Zacks Research raised Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Coeur Mining presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.28.

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.