The Manufacturers Life Insurance Company Purchases 153,067 Shares of Coeur Mining, Inc. $CDE

The Manufacturers Life Insurance Company grew its position in Coeur Mining, Inc. (NYSE:CDE) by 31.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 634,144 shares of the basic materials company’s stock after purchasing an additional 153,067 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Coeur Mining were worth $11,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CDE. Allworth Financial LP raised its position in shares of Coeur Mining by 20.9% during the 4th 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 period. Grand Central Investment Group boosted its holdings 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 worth $760,000 after buying an additional 612 shares during the period. Sanctuary Advisors LLC boosted its holdings 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 worth $222,000 after buying an additional 820 shares during the period. Baader Bank Aktiengesellschaft increased its stake 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 worth $608,000 after buying an additional 935 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in Coeur Mining by 32.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 3,895 shares of the basic materials company’s stock worth $73,000 after buying an additional 957 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CDE. Scotiabank reaffirmed an “outperform” rating and issued a $28.50 price objective on shares of Coeur Mining in a research note on Tuesday, July 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, June 24th. 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 report on Wednesday, April 29th. Cantor Fitzgerald downgraded Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a research note on Thursday, May 7th. Finally, Zacks Research lowered shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.39.

Coeur Mining Trading Up 0.0%

Shares of Coeur Mining stock opened at $14.91 on Monday. Coeur Mining, Inc. has a twelve month low of $8.56 and a twelve month high of $27.77. The company has a quick ratio of 2.14, a current ratio of 3.73 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average price of $16.55 and a 200-day moving average price of $19.32. The firm has a market cap of $15.43 billion, a price-to-earnings ratio of 12.86 and a beta of 1.32.

Coeur Mining (NYSE:CDE) last posted 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). Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.The firm had revenue of $856.19 million during the quarter, compared to analysts’ expectations of $815.59 million. During the same quarter in the prior year, the firm posted $0.11 earnings per share. Coeur Mining’s quarterly revenue was up 137.8% on a year-over-year basis. Equities research analysts anticipate that Coeur Mining, Inc. will post 1.25 EPS for the current fiscal year.

Coeur Mining Dividend Announcement

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

Insider Activity

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

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.