Hillsdale Investment Management Inc. Buys 311,820 Shares of Coeur Mining, Inc. $CDE

Hillsdale Investment Management Inc. grew its stake in Coeur Mining, Inc. (NYSE:CDE) by 62,364.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 312,320 shares of the basic materials company’s stock after purchasing an additional 311,820 shares during the period. Hillsdale Investment Management Inc.’s holdings in Coeur Mining were worth $5,862,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 buying an additional 6,352,828 shares during the period. SG Americas Securities LLC raised its stake in shares of Coeur Mining by 145.6% in the fourth quarter. SG Americas Securities LLC now owns 186,664 shares of the basic materials company’s stock valued at $3,328,000 after acquiring an additional 110,660 shares during the period. Rathbones Group PLC raised its stake in shares of Coeur Mining by 146.0% in the fourth quarter. Rathbones Group PLC now owns 173,349 shares of the basic materials company’s stock valued at $3,091,000 after acquiring an additional 102,869 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Coeur Mining by 92.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 12,502,645 shares of the basic materials company’s stock worth $222,922,000 after acquiring an additional 6,012,718 shares during the last quarter. Finally, Electrum Group LLC bought a new stake in shares of Coeur Mining in the 4th quarter worth about $8,582,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Performance

Coeur Mining stock opened at $16.02 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.14 and a current ratio of 3.73. The company has a market capitalization of $16.58 billion, a PE ratio of 13.81 and a beta of 1.29. The company has a 50 day moving average price of $17.43 and a 200-day moving average price of $19.68. Coeur Mining, Inc. has a fifty-two week low of $8.56 and a fifty-two week high of $27.77.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $856.19 million during the quarter, compared to the consensus estimate of $815.59 million. Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.The firm’s revenue for the quarter was up 137.8% compared to the same quarter last year. During the same period last year, the company earned $0.11 EPS. As a group, equities analysts forecast that Coeur Mining, Inc. will post 1.39 earnings per share for the current year.

Coeur Mining Dividend Announcement

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

Wall Street Analyst Weigh In

CDE has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Coeur Mining in a report on Wednesday, June 24th. Scotiabank reissued an “outperform” rating on shares of Coeur Mining in a research report on Tuesday. Cantor Fitzgerald downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective for the company. in a research note on Thursday, May 7th. BMO Capital Markets initiated coverage on Coeur Mining in a research report on Wednesday, March 25th. They set an “outperform” rating and a $27.00 target price for the company. Finally, Zacks Research cut Coeur Mining from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Coeur Mining has an average rating of “Moderate Buy” and a consensus target price of $26.39.

Insider Activity

In other news, CAO Kenneth J. Watkinson sold 39,000 shares of the stock in a transaction 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 transaction, the chief accounting officer owned 77,204 shares of the company’s stock, valued at approximately $1,435,994.40. This represents a 33.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.90% of the company’s stock.

Coeur Mining 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.