Coeur Mining, Inc. $CDE Stock Holdings Increased by Rathbones Group PLC

Rathbones Group PLC lifted its position in Coeur Mining, Inc. (NYSE:CDE) by 146.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 173,349 shares of the basic materials company’s stock after buying an additional 102,869 shares during the quarter. Rathbones Group PLC’s holdings in Coeur Mining were worth $3,091,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in CDE. EverSource Wealth Advisors LLC grew its position in Coeur Mining by 74.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 1,435 shares in the last quarter. Covestor Ltd grew its position in Coeur Mining by 7,011.5% in the third quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 1,823 shares in the last quarter. JPL Wealth Management LLC acquired a new stake in shares of Coeur Mining in the third quarter worth $35,000. Lodestone Wealth Management LLC acquired a new stake in shares of Coeur Mining in the fourth quarter worth $36,000. Finally, Sound Income Strategies LLC lifted its stake in shares of Coeur Mining by 99.2% in the fourth quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company’s stock worth $36,000 after buying an additional 996 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Coeur Mining Stock Performance

Coeur Mining stock opened at $17.62 on Friday. 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 1 year low of $7.65 and a 1 year high of $27.77. The company has a market cap of $18.22 billion, a PE ratio of 15.19 and a beta of 1.24. The company’s 50-day moving average is $18.83 and its two-hundred day moving average is $19.36.

Coeur Mining (NYSE:CDE) last released its earnings results 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 net margin of 31.15% and a return on equity of 15.38%. The business had revenue of $856.19 million for the quarter, compared to analyst estimates of $815.59 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The business’s revenue for the quarter was up 137.8% on a year-over-year basis. Equities analysts anticipate that Coeur Mining, Inc. will post 1.46 earnings per share for the current year.

Coeur Mining Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, May 25th will be given a dividend of $0.02 per share. The ex-dividend date is Friday, May 22nd. This represents a yield of 23.0%.

Analysts Set New Price Targets

Several research firms recently commented on CDE. Weiss Ratings cut shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 27th. Cantor Fitzgerald cut shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective for the company. in a research note on Thursday, May 7th. Wall Street Zen lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. BMO Capital Markets initiated coverage on shares of Coeur Mining in a report on Wednesday, March 25th. They issued an “outperform” rating and a $27.00 target price on the stock. Finally, ATB Cormark Capital Markets raised shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, March 24th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.56.

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.