HighTower Advisors LLC Sells 90,911 Shares of Coeur Mining, Inc. $CDE

HighTower Advisors LLC reduced its position in Coeur Mining, Inc. (NYSE:CDE) by 38.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 146,955 shares of the basic materials company’s stock after selling 90,911 shares during the quarter. HighTower Advisors LLC’s holdings in Coeur Mining were worth $2,620,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CDE. Van ECK Associates Corp boosted its position in shares of Coeur Mining by 55.8% in the third quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company’s stock valued at $1,238,201,000 after acquiring an additional 23,646,265 shares during the period. Tidal Investments LLC boosted its position in shares of Coeur Mining by 55.3% in the second quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock valued at $183,709,000 after acquiring an additional 7,382,955 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Coeur Mining by 36.3% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,857,511 shares of the basic materials company’s stock valued at $447,567,000 after acquiring an additional 6,352,828 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Coeur Mining by 38.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 14,303,254 shares of the basic materials company’s stock valued at $268,329,000 after acquiring an additional 3,982,085 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Coeur Mining by 122.6% during 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 purchasing an additional 1,339,138 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

Coeur Mining Trading Down 0.1%

Shares of CDE opened at $19.30 on Monday. The firm has a market cap of $19.96 billion, a price-to-earnings ratio of 16.63 and a beta of 1.25. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.14 and a current ratio of 3.73. Coeur Mining, Inc. has a fifty-two week low of $7.87 and a fifty-two week high of $27.77. The firm has a 50 day moving average price of $18.60 and a 200-day moving average price of $19.53.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The business 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 company’s revenue was up 137.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 earnings per share. As a group, equities research analysts forecast that Coeur Mining, Inc. will post 1.46 earnings per share for the current year.

Coeur Mining Announces Dividend

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

Analyst Ratings Changes

Several brokerages have issued reports on CDE. Cantor Fitzgerald lowered shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price for the company. in a research report on Thursday, May 7th. Zacks Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. ATB Cormark Capital Markets upgraded shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, March 24th. Canadian Imperial Bank of Commerce began coverage on shares of Coeur Mining in a research report on Tuesday, March 10th. They set an “outperform” rating and a $40.00 target price for the company. Finally, Roth Mkm reiterated a “buy” rating and set a $25.00 target price on shares of Coeur Mining in a research report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Coeur Mining currently has a consensus rating of “Moderate Buy” and an average target price of $24.56.

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.