Hsbc Holdings PLC Sells 52,297 Shares of Coeur Mining, Inc. $CDE

Hsbc Holdings PLC cut its stake in Coeur Mining, Inc. (NYSE:CDE) by 40.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor 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 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in Coeur Mining by 60.2% during the first 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. raised its holdings in shares of Coeur Mining by 18.1% during 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 buying an additional 1,278,110 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Coeur Mining by 122.6% in 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 worth $14,393,000 after buying an additional 1,339,138 shares during the last quarter. Focus Partners Wealth bought a new stake in Coeur Mining in the 1st quarter worth approximately $60,000. Finally, Intech Investment Management LLC boosted its stake in 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 worth $1,594,000 after buying 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 Coeur Mining stock opened at $15.99 on Monday. 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, Inc. has a 12-month low of $8.56 and a 12-month high of $27.77. The company has a market cap of $16.54 billion, a P/E ratio of 13.78 and a beta of 1.29. The company’s fifty day simple moving average is $17.50 and its two-hundred day simple moving average is $19.72.

Coeur Mining (NYSE:CDE) last announced 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 net margin of 31.15% and a return on equity of 15.38%. The company had revenue of $856.19 million for the quarter, compared to the consensus estimate of $815.59 million. During the same period in the previous year, the firm posted $0.11 EPS. The company’s revenue for the quarter was up 137.8% on a year-over-year basis. Research analysts anticipate that Coeur Mining, Inc. will post 1.39 EPS for the current year.

Coeur Mining Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on CDE. 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 for the company. Roth Capital reissued a “buy” rating and issued a $25.00 target price on shares of Coeur Mining in a research note on Friday, May 8th. Cantor Fitzgerald cut Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price for the company. in a report on Thursday, May 7th. ATB Cormark Capital Markets upgraded Coeur Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, March 24th. Finally, Canaccord Genuity Group raised Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $26.28.

Insiders Place Their Bets

In other news, CAO Kenneth J. Watkinson sold 39,000 shares of the firm’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 value of $725,400.00. Following the completion of the transaction, the chief accounting officer owned 77,204 shares in the company, valued at $1,435,994.40. This trade represents a 33.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.90% of the company’s stock.

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.