Coeur Mining, Inc. $CDE Shares Bought by Rathbones Group PLC

Rathbones Group PLC grew its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 146.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,349 shares of the basic materials company’s stock after acquiring an additional 102,869 shares during the period. Rathbones Group PLC’s holdings in Coeur Mining were worth $3,091,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Allworth Financial LP grew its holdings in Coeur Mining by 20.9% during the 4th quarter. Allworth Financial LP now owns 2,994 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 517 shares in the last quarter. Baader Bank Aktiengesellschaft boosted its stake in Coeur Mining by 2.8% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 34,090 shares of the basic materials company’s stock valued at $608,000 after purchasing an additional 935 shares during the period. Sound Income Strategies LLC boosted its stake in Coeur Mining by 99.2% during the 4th quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 996 shares during the period. Savant Capital LLC boosted its stake in Coeur Mining by 2.3% during the 3rd quarter. Savant Capital LLC now owns 46,551 shares of the basic materials company’s stock valued at $873,000 after purchasing an additional 1,066 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in Coeur Mining by 12.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,650 shares of the basic materials company’s stock valued at $190,000 after purchasing an additional 1,156 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Stock Down 1.2%

NYSE CDE opened at $17.62 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.73 and a quick ratio of 2.14. The company’s 50 day simple moving average is $18.83 and its 200 day simple moving average is $19.36. Coeur Mining, Inc. has a 12 month low of $7.65 and a 12 month high of $27.77. The company has a market capitalization of $18.22 billion, a P/E ratio of 15.19 and a beta of 1.24.

Coeur Mining (NYSE:CDE) last released 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 business had revenue of $856.19 million during the quarter, compared to the consensus estimate of $815.59 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The firm’s revenue for the quarter was up 137.8% compared to the same quarter last year. Equities research analysts expect that Coeur Mining, Inc. will post 1.46 earnings per share for the current fiscal year.

Coeur Mining Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 25th will be issued a $0.02 dividend. This represents a dividend yield of 23.0%. The ex-dividend date is Friday, May 22nd.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Canadian Imperial Bank of Commerce assumed coverage on shares of Coeur Mining in a research note on Tuesday, March 10th. They set an “outperform” rating and a $40.00 target price for the company. Roth Mkm reaffirmed a “buy” rating and issued a $25.00 price target on shares of Coeur Mining in a research note on Friday, May 8th. Weiss Ratings lowered shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 27th. Zacks Research raised shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. Finally, BMO Capital Markets assumed coverage on shares of Coeur Mining in a research note on Wednesday, March 25th. They issued an “outperform” rating and a $27.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.56.

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.