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

Rathbones Group PLC reduced its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 45.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,608 shares of the basic materials company’s stock after selling 78,741 shares during the period. Rathbones Group PLC’s holdings in Coeur Mining were worth $1,776,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Pine Valley Investments Ltd Liability Co boosted its holdings in Coeur Mining by 212.6% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 66,134 shares of the basic materials company’s stock valued at $1,241,000 after purchasing an additional 44,977 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Coeur Mining by 181.8% during the 1st quarter. Parallel Advisors LLC now owns 3,260 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 2,103 shares during the period. Optiver Holding B.V. acquired a new stake in shares of Coeur Mining during the 1st quarter worth about $167,000. Glenmede Trust Co. NA increased its position in shares of Coeur Mining by 3.8% during the 1st quarter. Glenmede Trust Co. NA now owns 48,942 shares of the basic materials company’s stock worth $919,000 after purchasing an additional 1,771 shares during the last quarter. Finally, CTC Alternative Strategies Ltd. purchased a new stake in Coeur Mining in the 1st quarter valued at about $359,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Trading Up 4.4%

Shares of NYSE CDE opened at $16.24 on Wednesday. Coeur Mining, Inc. has a twelve month low of $9.11 and a twelve month high of $27.77. The company has a current ratio of 3.73, a quick ratio of 2.14 and a debt-to-equity ratio of 0.07. The stock has a fifty day simple moving average of $16.47 and a 200-day simple moving average of $19.25. The stock has a market capitalization of $16.80 billion, a PE ratio of 14.00 and a beta of 1.32.

Coeur Mining (NYSE:CDE) last posted its earnings results 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 for the quarter, compared to analyst estimates of $815.59 million. During the same period in the previous year, the company posted $0.11 EPS. Coeur Mining’s revenue was up 137.8% on a year-over-year basis. On average, equities analysts forecast that Coeur Mining, Inc. will post 1.25 earnings per share for the current year.

Coeur Mining Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Wall Street Zen cut shares of Coeur Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. 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 reissued a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, June 24th. Canaccord Genuity Group raised shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Wednesday, April 29th. Finally, Roth Capital restated a “buy” rating and issued a $25.00 price objective on shares of Coeur Mining in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.39.

Insider Transactions at Coeur Mining

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 39,000 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were 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 $1,435,994.40. This represents a 33.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is owned by company insiders.

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.