Royal Bank of Canada Has $12.67 Million Holdings in Coeur Mining, Inc. $CDE

Royal Bank of Canada lessened its holdings in Coeur Mining, Inc. (NYSE:CDE) by 16.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 675,043 shares of the basic materials company’s stock after selling 128,390 shares during the quarter. Royal Bank of Canada’s holdings in Coeur Mining were worth $12,670,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CDE. Triumph Capital Management increased its stake in Coeur Mining by 300.0% in the 4th quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock valued at $29,000 after buying an additional 1,200 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Coeur Mining by 74.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after buying an additional 1,435 shares during the last quarter. Kingdom Financial Group LLC. acquired a new position in shares of Coeur Mining during the 4th quarter worth about $32,000. Kemnay Advisory Services Inc. acquired a new position in shares of Coeur Mining during the 4th quarter worth about $33,000. Finally, Transamerica Financial Advisors LLC bought a new position in shares of Coeur Mining in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Stock Up 11.3%

Shares of CDE opened at $17.41 on Friday. Coeur Mining, Inc. has a 52 week low of $10.92 and a 52 week high of $27.77. The firm has a market cap of $17.90 billion, a P/E ratio of 14.88 and a beta of 1.32. The firm’s 50-day simple moving average is $16.37 and its 200 day simple moving average is $19.17. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.14 and a current ratio of 3.65.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.14). The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.24 billion. Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. The firm’s revenue was up 125.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 earnings per share. On average, analysts forecast that Coeur Mining, Inc. will post 1.21 earnings per share for the current year.

Coeur Mining Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd were paid a dividend of $0.02 per share. The ex-dividend date was Friday, May 22nd. This represents a dividend yield of 23.0%. Coeur Mining’s dividend payout ratio (DPR) is 3.42%.

Insider Buying and Selling at Coeur Mining

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of Coeur Mining 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 sale, the chief accounting officer directly owned 77,204 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. Company insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

CDE has been the topic of a number of recent research reports. Wall Street Zen downgraded Coeur Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Roth Capital set a $19.00 price target on Coeur Mining in a research note on Friday. 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 report on Wednesday, April 29th. Scotiabank reiterated an “outperform” rating and set a $26.50 price objective on shares of Coeur Mining in a research note on Friday. Finally, Cantor Fitzgerald downgraded Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective for the company. in a report on Thursday, May 7th. One equities research 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 given a Sell rating to the company. According to data from MarketBeat.com, Coeur Mining has an average rating of “Moderate Buy” and an average price target of $25.50.

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.