Hsbc Holdings PLC Has $1.36 Million Position in Coeur Mining, Inc. $CDE

Hsbc Holdings PLC lessened its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 40.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,538 shares of the basic materials company’s stock after selling 52,297 shares during the quarter. Hsbc Holdings PLC’s holdings in Coeur Mining were worth $1,365,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Van ECK Associates Corp lifted its stake in shares of Coeur Mining by 55.8% in the third 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 in the last quarter. State Street Corp increased its position in shares of Coeur Mining by 6.7% during the fourth quarter. State Street Corp now owns 24,250,702 shares of the basic materials company’s stock worth $432,390,000 after acquiring an additional 1,529,394 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Coeur Mining by 36.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,857,511 shares of the basic materials company’s stock worth $447,567,000 after acquiring an additional 6,352,828 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of 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 acquiring an additional 7,382,955 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings 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 acquiring an additional 524,646 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Transactions at Coeur Mining

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 39,000 shares of the business’s 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 directly owned 77,204 shares in the company, valued at $1,435,994.40. The trade was a 33.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CDE has been the subject of a number of analyst reports. Canadian Imperial Bank of Commerce started coverage on Coeur Mining in a research note on Tuesday, March 10th. They set an “outperform” rating and a $40.00 price target for the company. Cantor Fitzgerald downgraded 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. Roth Mkm restated a “buy” rating and issued a $25.00 target price on shares of Coeur Mining in a report on Friday, May 8th. Zacks Research raised Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen downgraded Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Coeur Mining has an average rating of “Moderate Buy” and a consensus target price of $26.28.

Coeur Mining Stock Up 1.3%

CDE opened at $16.53 on Thursday. Coeur Mining, Inc. has a twelve month low of $8.56 and a twelve month high of $27.77. The company’s 50-day moving average price is $17.80 and its two-hundred day moving average price is $19.78. The stock has a market cap of $17.10 billion, a price-to-earnings ratio of 14.25 and a beta of 1.29. The company has a quick ratio of 2.14, a current ratio of 3.73 and a debt-to-equity ratio of 0.07.

Coeur Mining (NYSE:CDE) last issued its quarterly 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 company had revenue of $856.19 million for 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 quarter in the previous year, the business earned $0.11 EPS. As a group, equities analysts expect that Coeur Mining, Inc. will post 1.46 earnings per share for the current year.

Coeur Mining Dividend Announcement

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

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.