Crescent Grove Advisors LLC Purchases Shares of 35,400 Coeur Mining, Inc. $CDE

Crescent Grove Advisors LLC acquired a new stake in Coeur Mining, Inc. (NYSE:CDE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,400 shares of the basic materials company’s stock, valued at approximately $631,000.

Several other institutional investors have also recently modified their holdings of CDE. Cibc World Market Inc. raised its position in Coeur Mining by 212.3% during the 4th quarter. Cibc World Market Inc. now owns 40,523 shares of the basic materials company’s stock worth $723,000 after buying an additional 27,548 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Coeur Mining by 8.1% in the fourth quarter. CIBC Asset Management Inc now owns 140,622 shares of the basic materials company’s stock worth $2,507,000 after acquiring an additional 10,526 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Coeur Mining by 3.4% during the fourth quarter. Bank of New York Mellon Corp now owns 2,272,289 shares of the basic materials company’s stock worth $40,515,000 after purchasing an additional 75,237 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Coeur Mining by 92.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 12,502,645 shares of the basic materials company’s stock valued at $222,922,000 after purchasing an additional 6,012,718 shares during the period. Finally, BW Gestao de Investimentos Ltda. purchased a new position in shares of Coeur Mining during the 4th quarter valued at about $5,861,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of the business’s 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 in the company, valued at approximately $1,435,994.40. The trade was a 33.56% decrease in their ownership of the stock. 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 Up 2.1%

CDE stock opened at $18.53 on Friday. Coeur Mining, Inc. has a 52 week low of $8.46 and a 52 week high of $27.77. The company has a quick ratio of 2.14, a current ratio of 3.73 and a debt-to-equity ratio of 0.07. The firm has a 50-day simple moving average of $18.66 and a 200-day simple moving average of $19.63. The stock has a market capitalization of $19.17 billion, a P/E ratio of 15.97 and a beta of 1.25.

Coeur Mining (NYSE:CDE) last posted 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). Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.The firm had revenue of $856.19 million during the quarter, compared to analyst estimates of $815.59 million. During the same quarter in the previous year, the firm posted $0.11 earnings per share. The company’s quarterly revenue was up 137.8% on a year-over-year basis. Equities analysts forecast that Coeur Mining, Inc. will post 1.46 earnings per share for the current fiscal year.

Coeur Mining Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Canadian Imperial Bank of Commerce assumed coverage on Coeur Mining in a report on Tuesday, March 10th. They issued an “outperform” rating and a $40.00 price target for the company. Zacks Research raised shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. ATB Cormark Capital Markets raised shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, March 24th. Royal Bank Of Canada boosted their target price on shares of Coeur Mining from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Finally, BMO Capital Markets started coverage on shares of Coeur Mining in a report on Wednesday, March 25th. They set an “outperform” rating and a $27.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.