iA Global Asset Management Inc. Sells 173,036 Shares of Coeur Mining, Inc. $CDE

iA Global Asset Management Inc. lessened its holdings in Coeur Mining, Inc. (NYSE:CDE) by 92.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,464 shares of the basic materials company’s stock after selling 173,036 shares during the quarter. iA Global Asset Management Inc.’s holdings in Coeur Mining were worth $258,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of CDE. Van ECK Associates Corp grew its position in Coeur Mining by 55.8% in 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 acquiring an additional 23,646,265 shares during the last quarter. Tidal Investments LLC grew its position 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 valued at $183,709,000 after acquiring an additional 7,382,955 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Coeur Mining by 36.3% in 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 acquiring an additional 6,352,828 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Coeur Mining by 38.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 14,303,254 shares of the basic materials company’s stock valued at $268,329,000 after acquiring an additional 3,982,085 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Coeur Mining by 122.6% in the 1st 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 buying an additional 1,339,138 shares during the period. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Trading Down 4.1%

Shares of NYSE CDE opened at $16.77 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.73 and a quick ratio of 2.14. The stock has a market capitalization of $17.35 billion, a P/E ratio of 14.46 and a beta of 1.24. Coeur Mining, Inc. has a 1-year low of $7.42 and a 1-year high of $27.77. The business has a fifty day moving average price of $19.13 and a 200 day moving average price of $19.36.

Coeur Mining (NYSE:CDE) last issued 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 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 earnings per share. Equities research analysts expect that Coeur Mining, Inc. will post 1.46 EPS for the current fiscal year.

Coeur Mining Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 25th will be paid a dividend of $0.02 per share. This represents a dividend yield of 20.0%. The ex-dividend date is Friday, May 22nd.

Analyst Ratings Changes

Several equities research analysts have weighed in on CDE shares. Canaccord Genuity Group upgraded Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Wednesday, April 29th. BMO Capital Markets started coverage on Coeur Mining in a report on Wednesday, March 25th. They issued an “outperform” rating and a $27.00 target price for the company. Wall Street Zen cut 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. Finally, Royal Bank Of Canada upped their target price on Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Two research 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.