Coeur Mining, Inc. $CDE is Parvin Asset Management LLC’s 4th Largest Position

Parvin Asset Management LLC boosted its position in Coeur Mining, Inc. (NYSE:CDE) by 89.0% during the first quarter, Holdings Channel.com reports. The fund owned 205,252 shares of the basic materials company’s stock after acquiring an additional 96,646 shares during the period. Coeur Mining accounts for 2.8% of Parvin Asset Management LLC’s holdings, making the stock its 4th largest holding. Parvin Asset Management LLC’s holdings in Coeur Mining were worth $3,853,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CDE. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Coeur Mining by 92.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 27,981,273 shares of the basic materials company’s stock worth $524,669,000 after purchasing an additional 13,418,041 shares during the period. State Street Corp raised its position in Coeur Mining by 6.7% during the 4th quarter. State Street Corp now owns 24,250,702 shares of the basic materials company’s stock valued at $432,390,000 after purchasing an additional 1,529,394 shares during the last quarter. Tidal Investments LLC lifted its holdings in Coeur Mining by 55.3% in the 2nd quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock worth $183,709,000 after buying an additional 7,382,955 shares during the period. Geode Capital Management LLC grew its position in shares of Coeur Mining by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 15,586,550 shares of the basic materials company’s stock worth $277,953,000 after buying an additional 524,646 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Coeur Mining by 34.4% during the first quarter. Dimensional Fund Advisors LP now owns 12,872,677 shares of the basic materials company’s stock valued at $241,484,000 after buying an additional 3,291,431 shares during the period. 63.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on CDE shares. Roth Capital reaffirmed a “buy” rating and issued a $25.00 price target on shares of Coeur Mining in a research note on Friday, May 8th. Scotiabank restated an “outperform” rating and issued a $28.50 price objective on shares of Coeur Mining in a report on Tuesday, July 14th. Canaccord Genuity Group raised shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Wednesday, April 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, June 24th. Finally, Wall Street Zen cut shares of Coeur Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Coeur Mining has a consensus rating of “Moderate Buy” and an average price target of $26.39.

Insiders Place Their Bets

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 shares were 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 directly owned 77,204 shares in the company, valued at $1,435,994.40. The trade was a 33.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is currently owned by insiders.

Coeur Mining Stock Performance

Shares of Coeur Mining stock opened at $14.90 on Wednesday. Coeur Mining, Inc. has a 1 year low of $8.56 and a 1 year high of $27.77. The firm’s 50-day moving average is $16.72 and its 200 day moving average is $19.44. The stock has a market cap of $15.42 billion, a price-to-earnings ratio of 12.85 and a beta of 1.29. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.73 and a quick ratio of 2.14.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm had revenue of $856.19 million for the quarter, compared to the consensus estimate of $815.59 million. Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. The firm’s revenue for the quarter was up 137.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 earnings per share. Sell-side analysts anticipate that Coeur Mining, Inc. will post 1.25 EPS for the current fiscal year.

Coeur Mining Dividend Announcement

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

Coeur Mining Company 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.