Janney Montgomery Scott LLC Increases Stock Position in Coeur Mining, Inc. $CDE

Janney Montgomery Scott LLC lifted its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 119.8% during the first quarter, Holdings Channel reports. The firm owned 94,875 shares of the basic materials company’s stock after acquiring an additional 51,714 shares during the period. Janney Montgomery Scott LLC’s holdings in Coeur Mining were worth $1,781,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP boosted its holdings in Coeur Mining by 20.9% in the 4th quarter. Allworth Financial LP now owns 2,994 shares of the basic materials company’s stock worth $53,000 after buying an additional 517 shares during the period. Baader Bank Aktiengesellschaft raised its holdings 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 acquiring an additional 935 shares during the period. Sound Income Strategies LLC raised its holdings 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 acquiring an additional 996 shares during the period. Rockefeller Capital Management L.P. lifted its position in shares of Coeur Mining by 0.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 122,722 shares of the basic materials company’s stock worth $2,188,000 after acquiring an additional 1,142 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Coeur Mining by 12.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,650 shares of the basic materials company’s stock worth $190,000 after acquiring an additional 1,156 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Coeur Mining Stock Performance

Coeur Mining stock opened at $16.04 on Friday. 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 company has a market capitalization of $16.60 billion, a P/E ratio of 13.83 and a beta of 1.29. The stock’s 50 day moving average is $17.53 and its 200 day moving average is $19.74. Coeur Mining, Inc. has a twelve month low of $8.56 and a twelve month high of $27.77.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. The company had revenue of $856.19 million for the quarter, compared to the consensus estimate of $815.59 million. During the same period in the prior year, the firm posted $0.11 EPS. The business’s revenue for the quarter was up 137.8% compared to the same quarter last year. On average, equities research analysts predict that Coeur Mining, Inc. will post 1.46 earnings per share for the current fiscal year.

Coeur Mining Dividend Announcement

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

Insiders Place Their Bets

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 39,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $18.60, for a total transaction of $725,400.00. Following the transaction, the chief accounting officer owned 77,204 shares in the company, valued at $1,435,994.40. The trade was a 33.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.90% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Scotiabank started coverage on Coeur Mining in a report on Friday, June 12th. They issued a “sector outperform” rating and a $27.50 price target for the company. Wall Street Zen lowered Coeur Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Canaccord Genuity Group raised Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Wednesday, April 29th. Cantor Fitzgerald downgraded Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price for the company. in a research note on Thursday, May 7th. Finally, ATB Cormark Capital Markets raised Coeur Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.28.

About Coeur Mining

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.