Lombard Odier Asset Management USA Corp Takes $1.08 Million Position in Coeur Mining, Inc. $CDE

Lombard Odier Asset Management USA Corp purchased a new stake in shares of Coeur Mining, Inc. (NYSE:CDE) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 60,355 shares of the basic materials company’s stock, valued at approximately $1,076,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CDE. Van ECK Associates Corp raised its holdings in Coeur Mining by 55.8% during the 3rd quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company’s stock valued at $1,238,201,000 after buying an additional 23,646,265 shares during the period. Tidal Investments LLC raised its holdings in Coeur Mining by 55.3% during the 2nd quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock valued at $183,709,000 after buying an additional 7,382,955 shares during the period. Norges Bank purchased a new stake in Coeur Mining during the 4th quarter valued at $128,389,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Coeur Mining by 36.3% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,857,511 shares of the basic materials company’s stock valued at $447,567,000 after buying an additional 6,352,828 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Coeur Mining by 92.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 12,502,645 shares of the basic materials company’s stock valued at $222,922,000 after buying an additional 6,012,718 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Insiders Place Their Bets

In other Coeur Mining 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 sale, the chief accounting officer owned 77,204 shares in the company, valued at $1,435,994.40. This trade represents a 33.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.90% of the stock is currently owned by insiders.

Coeur Mining Stock Performance

CDE stock opened at $18.81 on Wednesday. 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 business’s fifty day simple moving average is $18.51 and its two-hundred day simple moving average is $19.75. Coeur Mining, Inc. has a twelve month low of $8.46 and a twelve month high of $27.77. The firm has a market cap of $19.46 billion, a price-to-earnings ratio of 16.22 and a beta of 1.25.

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 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 analysts’ expectations of $815.59 million. During the same quarter in the previous year, the business earned $0.11 EPS. The business’s revenue for the quarter was up 137.8% on a year-over-year basis. Analysts predict that Coeur Mining, Inc. will post 1.46 earnings per share for the current year.

Coeur Mining Dividend Announcement

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

Analysts Set New Price Targets

CDE has been the topic of several recent research reports. Weiss Ratings lowered Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 27th. Wall Street Zen lowered Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Cantor Fitzgerald lowered Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price target on the stock. in a report on Thursday, May 7th. Finally, Canaccord Genuity Group upgraded Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.28.

Coeur Mining 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.