Coeur Mining, Inc. $CDE Stake Boosted by Bessemer Group Inc.

Bessemer Group Inc. boosted its holdings in Coeur Mining, Inc. (NYSE:CDE) by 11,114.4% in the first quarter, HoldingsChannel.com reports. The firm owned 907,915 shares of the basic materials company’s stock after acquiring an additional 899,819 shares during the period. Bessemer Group Inc.’s holdings in Coeur Mining were worth $17,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in CDE. Triumph Capital Management boosted its holdings in shares of Coeur Mining by 300.0% in the 4th quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock valued at $29,000 after buying an additional 1,200 shares during the period. Kingdom Financial Group LLC. bought a new stake in shares of Coeur Mining during the 4th quarter valued at about $32,000. JPL Wealth Management LLC acquired a new stake in Coeur Mining during the third quarter worth about $35,000. Kemnay Advisory Services Inc. bought a new position in Coeur Mining in the fourth quarter worth about $33,000. Finally, Transamerica Financial Advisors LLC bought a new position in Coeur Mining in the fourth quarter worth about $34,000. Institutional investors own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CDE shares. Scotiabank reaffirmed an “outperform” rating and set a $28.50 target price on shares of Coeur Mining in a report on Tuesday. ATB Cormark Capital Markets raised Coeur Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, March 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Coeur Mining in a research report on Wednesday, June 24th. Wall Street Zen downgraded Coeur Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Zacks Research lowered Coeur Mining from a “hold” rating to a “strong sell” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.39.

Coeur Mining Price Performance

Shares of NYSE:CDE opened at $14.36 on Friday. The firm’s 50 day moving average is $17.22 and its two-hundred day moving average is $19.59. The firm has a market capitalization of $14.85 billion, a P/E ratio of 12.38 and a beta of 1.29. The company has a current ratio of 3.73, a quick ratio of 2.14 and a debt-to-equity ratio of 0.07. Coeur Mining, Inc. has a 52 week low of $8.56 and a 52 week 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). Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.The business had revenue of $856.19 million during the quarter, compared to the consensus estimate of $815.59 million. During the same period last year, the company earned $0.11 earnings per share. The business’s quarterly revenue was up 137.8% compared to the same quarter last year. Analysts anticipate that Coeur Mining, Inc. will post 1.38 earnings per share for the current year.

Coeur Mining Announces Dividend

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

Insider Activity

In other news, CAO Kenneth J. Watkinson sold 39,000 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $18.60, for a total value of $725,400.00. Following the completion of the transaction, the chief accounting officer owned 77,204 shares of the company’s stock, valued at approximately $1,435,994.40. This represents a 33.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.90% of the company’s stock.

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.