41,482 Shares in Coeur Mining, Inc. $CDE Bought by ABN Amro Investment Solutions

ABN Amro Investment Solutions acquired a new position in shares of Coeur Mining, Inc. (NYSE:CDE) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 41,482 shares of the basic materials company’s stock, valued at approximately $779,000.

Other institutional investors have also made changes to their positions in the company. 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 worth $53,000 after purchasing an additional 517 shares in the last quarter. Grand Central Investment Group boosted its stake in Coeur Mining by 1.5% in the 1st quarter. Grand Central Investment Group now owns 40,514 shares of the basic materials company’s stock valued at $760,000 after buying an additional 612 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in Coeur Mining by 7.5% in the 1st quarter. Sanctuary Advisors LLC now owns 11,809 shares of the basic materials company’s stock valued at $222,000 after buying an additional 820 shares in the last quarter. Baader Bank Aktiengesellschaft grew its position in Coeur Mining by 2.8% in the fourth 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. Finally, Sound Income Strategies LLC lifted its holdings in shares of Coeur Mining by 99.2% during the fourth quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 996 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Coeur Mining

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of Coeur Mining stock in a transaction dated 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 sale, the chief accounting officer directly owned 77,204 shares in the company, valued at $1,435,994.40. This trade represents a 33.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CDE. Canaccord Genuity Group upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Wednesday, April 29th. Zacks Research cut shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. Wall Street Zen lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Roth Capital restated a “buy” rating and set a $25.00 price target on shares of Coeur Mining in a research report on Friday, May 8th. Finally, Cantor Fitzgerald lowered Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price target on the stock. in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.39.

Coeur Mining Trading Down 0.6%

Shares of NYSE CDE opened at $15.14 on Friday. Coeur Mining, Inc. has a 1-year low of $8.56 and a 1-year high of $27.77. The company has a 50-day moving average of $16.80 and a two-hundred day moving average of $19.49. The company has a market cap of $15.67 billion, a PE ratio of 13.06 and a beta of 1.29. 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 posted its quarterly earnings data 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). Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.The company had revenue of $856.19 million during the quarter, compared to the consensus estimate of $815.59 million. During the same quarter last year, the firm earned $0.11 EPS. The business’s revenue for the quarter was up 137.8% on a year-over-year basis. As a group, equities analysts expect that Coeur Mining, Inc. will post 1.25 earnings per share for the current fiscal year.

Coeur Mining Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, June 10th. Investors 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 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.