Erste Asset Management GmbH Purchases 37,000 Shares of Coeur Mining, Inc. $CDE

Erste Asset Management GmbH raised its stake in Coeur Mining, Inc. (NYSE:CDE) by 54.8% during the fourth quarter, HoldingsChannel reports. The fund owned 104,464 shares of the basic materials company’s stock after buying an additional 37,000 shares during the period. Erste Asset Management GmbH’s holdings in Coeur Mining were worth $1,913,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of CDE. AQR Capital Management LLC grew its stake in shares of Coeur Mining by 60.2% in the first quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock worth $4,434,000 after acquiring an additional 281,489 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Coeur Mining by 18.1% in the first quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock worth $49,449,000 after acquiring an additional 1,278,110 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Coeur Mining by 122.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company’s stock worth $14,393,000 after acquiring an additional 1,339,138 shares during the last quarter. Focus Partners Wealth purchased a new stake in shares of Coeur Mining in the first quarter worth $60,000. Finally, Intech Investment Management LLC grew its stake in shares of Coeur Mining by 58.4% in the first quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock worth $1,594,000 after acquiring an additional 99,256 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Coeur Mining Trading Down 3.8%

Shares of NYSE:CDE opened at $16.10 on Wednesday. The stock has a market capitalization of $16.65 billion, a price-to-earnings ratio of 13.88 and a beta of 1.25. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.14 and a current ratio of 3.73. The stock’s 50-day simple moving average is $18.62 and its two-hundred day simple moving average is $19.67. Coeur Mining, Inc. has a 52-week low of $8.46 and a 52-week high of $27.77.

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

Coeur Mining Dividend Announcement

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

Insider Transactions at Coeur Mining

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

Analyst Ratings Changes

Several equities research analysts recently commented on CDE shares. Roth Mkm reaffirmed a “buy” rating and set a $25.00 price objective on shares of Coeur Mining in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce initiated coverage on Coeur Mining in a research report on Tuesday, March 10th. They set an “outperform” rating and a $40.00 price objective on the stock. ATB Cormark Capital Markets raised Coeur Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, March 24th. Zacks Research raised Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada increased their price objective on Coeur Mining from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $24.56.

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.