New York Life Investment Management LLC Acquires Shares of 58,203 Coeur Mining, Inc. $CDE

New York Life Investment Management LLC acquired a new stake in Coeur Mining, Inc. (NYSE:CDE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 58,203 shares of the basic materials company’s stock, valued at approximately $1,038,000.

Other hedge funds also recently bought and sold shares of the company. Sprott Inc. raised its holdings in Coeur Mining by 2.0% in the 3rd quarter. Sprott Inc. now owns 9,208,046 shares of the basic materials company’s stock valued at $172,743,000 after acquiring an additional 176,388 shares during the last quarter. Van ECK Associates Corp raised its holdings in Coeur Mining by 55.8% in the 3rd 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 last quarter. Algert Global LLC increased its stake in shares of Coeur Mining by 65.1% in the 3rd quarter. Algert Global LLC now owns 526,860 shares of the basic materials company’s stock worth $9,884,000 after acquiring an additional 207,670 shares during the last quarter. Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Coeur Mining in the 3rd quarter worth $1,710,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Coeur Mining by 36.3% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,857,511 shares of the basic materials company’s stock worth $447,567,000 after acquiring an additional 6,352,828 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Stock Down 4.1%

Shares of NYSE:CDE opened at $16.77 on Wednesday. The business has a 50-day moving average price of $19.13 and a 200 day moving average price of $19.36. 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 company has a market capitalization of $17.35 billion, a price-to-earnings ratio of 14.46 and a beta of 1.24. Coeur Mining, Inc. has a 12-month low of $7.42 and a 12-month high of $27.77.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The business had revenue of $856.19 million for the quarter, compared to analyst estimates of $815.59 million. Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.The firm’s revenue for the quarter was up 137.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.11 earnings per share. Sell-side analysts expect that Coeur Mining, Inc. will post 1.46 EPS for the current year.

Coeur Mining Announces Dividend

The business 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 yield of 20.0%. The ex-dividend date is Friday, May 22nd.

Analysts Set New Price Targets

A number of analysts have issued reports on CDE shares. ATB Cormark Capital Markets raised Coeur Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, March 24th. Weiss Ratings downgraded Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 27th. Zacks Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Canadian Imperial Bank of Commerce started coverage on shares of Coeur Mining in a report on Tuesday, March 10th. They set an “outperform” rating and a $40.00 price target for the company. Finally, Roth Mkm restated a “buy” rating and set a $25.00 price target on shares of Coeur Mining in a report on Friday, May 8th. Two 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, the company has an average 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.