Coeur Mining, Inc. $CDE Shares Acquired by TSP Capital Management Group LLC

TSP Capital Management Group LLC raised its holdings in Coeur Mining, Inc. (NYSE:CDE) by 311.3% during the first quarter, HoldingsChannel reports. The firm owned 1,739,411 shares of the basic materials company’s stock after acquiring an additional 1,316,536 shares during the quarter. Coeur Mining accounts for 8.0% of TSP Capital Management Group LLC’s holdings, making the stock its largest position. TSP Capital Management Group LLC’s holdings in Coeur Mining were worth $32,649,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CDE. Van ECK Associates Corp lifted its position in shares of Coeur Mining by 55.8% during the 3rd quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company’s stock worth $1,238,201,000 after buying an additional 23,646,265 shares during the last quarter. State Street Corp grew its position in Coeur Mining by 6.7% in the fourth quarter. State Street Corp now owns 24,250,702 shares of the basic materials company’s stock valued at $432,390,000 after acquiring an additional 1,529,394 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Coeur Mining by 36.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,857,511 shares of the basic materials company’s stock worth $447,567,000 after acquiring an additional 6,352,828 shares in the last quarter. Tidal Investments LLC raised its stake in Coeur Mining by 55.3% during the second quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock worth $183,709,000 after acquiring an additional 7,382,955 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Coeur Mining by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 15,586,550 shares of the basic materials company’s stock worth $277,953,000 after acquiring an additional 524,646 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Roth Mkm reaffirmed a “buy” rating and set a $25.00 price target on shares of Coeur Mining in a report on Friday, May 8th. Zacks Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. Canaccord Genuity Group upgraded shares of 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Coeur Mining in a report on Wednesday, June 24th. Finally, Cantor Fitzgerald lowered Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.28.

Coeur Mining Trading Up 1.3%

NYSE CDE opened at $16.53 on Thursday. The firm has a market capitalization of $17.10 billion, a PE ratio of 14.25 and a beta of 1.29. The business’s 50-day moving average price is $17.80 and its two-hundred day moving average price is $19.78. 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.

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 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 business’s revenue was up 137.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.11 earnings per share. On average, analysts expect that Coeur Mining, Inc. will post 1.46 EPS for the current 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 paid 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 (DPR) is currently 3.45%.

Insiders Place Their Bets

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer owned 77,204 shares in the company, valued at $1,435,994.40. The trade was a 33.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is owned by corporate insiders.

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.