Coeur Mining, Inc. $CDE Shares Bought by CI Investments Inc.

CI Investments Inc. raised its holdings in Coeur Mining, Inc. (NYSE:CDE) by 20.4% during the first quarter, HoldingsChannel.com reports. The firm owned 642,216 shares of the basic materials company’s stock after buying an additional 108,757 shares during the period. CI Investments Inc.’s holdings in Coeur Mining were worth $12,054,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CDE. AQR Capital Management LLC grew its position in shares of Coeur Mining by 60.2% during the first quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock worth $4,434,000 after buying an additional 281,489 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Coeur Mining by 18.1% in the first quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock valued at $49,449,000 after acquiring an additional 1,278,110 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Coeur Mining by 122.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company’s stock valued at $14,393,000 after acquiring an additional 1,339,138 shares in the last quarter. Focus Partners Wealth bought a new position in Coeur Mining during the 1st quarter valued at $60,000. Finally, Intech Investment Management LLC boosted its stake in Coeur Mining by 58.4% during the 1st quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock valued at $1,594,000 after acquiring an additional 99,256 shares during the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Roth Capital reissued a “buy” rating and issued a $25.00 target price on shares of Coeur Mining in a research report on Friday, May 8th. Cantor Fitzgerald lowered shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a research note on Thursday, May 7th. Zacks Research cut shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a research report on Friday, July 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, June 24th. Finally, Scotiabank reissued an “outperform” rating and issued a $28.50 price objective on shares of Coeur Mining in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.39.

Insider Transactions at Coeur Mining

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 sale, 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 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 owned by corporate insiders.

Coeur Mining Stock Performance

Shares of CDE opened at $15.85 on Thursday. The stock has a market capitalization of $16.39 billion, a PE ratio of 13.66 and a beta of 1.29. The business’s fifty day moving average price is $16.93 and its 200 day moving average price is $19.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.73 and a quick ratio of 2.14. Coeur Mining, Inc. has a 12-month low of $8.56 and a 12-month high of $27.77.

Coeur Mining (NYSE:CDE) last released its earnings results 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). The business had revenue of $856.19 million for 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 firm’s revenue for the quarter was up 137.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 EPS. Equities research analysts forecast that Coeur Mining, Inc. will post 1.25 EPS for the current year.

Coeur Mining Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 22nd were given 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 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.