Oppenheimer & Close LLC Reduces Stake in Coeur Mining, Inc. $CDE

Oppenheimer & Close LLC reduced its position in Coeur Mining, Inc. (NYSE:CDE) by 69.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 71,986 shares of the basic materials company’s stock after selling 164,184 shares during the period. Coeur Mining accounts for about 0.9% of Oppenheimer & Close LLC’s holdings, making the stock its 29th largest holding. Oppenheimer & Close LLC’s holdings in Coeur Mining were worth $1,284,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Allworth Financial LP grew its holdings in Coeur Mining by 20.9% during the 4th quarter. Allworth Financial LP now owns 2,994 shares of the basic materials company’s stock valued at $53,000 after buying an additional 517 shares during the last quarter. Baader Bank Aktiengesellschaft grew its holdings in Coeur Mining by 2.8% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 34,090 shares of the basic materials company’s stock valued at $608,000 after buying an additional 935 shares during the last quarter. Sound Income Strategies LLC grew its holdings in Coeur Mining by 99.2% during the 4th quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company’s stock valued at $36,000 after buying an additional 996 shares during the last quarter. Savant Capital LLC grew its holdings in Coeur Mining by 2.3% during the 3rd quarter. Savant Capital LLC now owns 46,551 shares of the basic materials company’s stock valued at $873,000 after buying an additional 1,066 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Coeur Mining by 12.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,650 shares of the basic materials company’s stock valued at $190,000 after buying an additional 1,156 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Price Performance

CDE stock opened at $19.30 on Friday. Coeur Mining, Inc. has a 52-week low of $7.87 and a 52-week high of $27.77. The stock’s fifty day simple moving average is $18.60 and its 200-day simple moving average is $19.49. 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 stock has a market capitalization of $19.96 billion, a price-to-earnings ratio of 16.63 and a beta of 1.24.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data 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). 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 for the quarter, compared to analyst estimates of $815.59 million. During the same quarter last year, the business earned $0.11 EPS. Coeur Mining’s revenue for the quarter was up 137.8% compared to the same quarter last year. Equities research analysts expect that Coeur Mining, Inc. will post 1.46 EPS for the current year.

Coeur Mining Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.02 per share. The ex-dividend date is Friday, May 22nd. This represents a dividend yield of 23.0%. Coeur Mining’s dividend payout ratio (DPR) is 3.45%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CDE shares. BMO Capital Markets started coverage on Coeur Mining in a report on Wednesday, March 25th. They set an “outperform” rating and a $27.00 target price on the stock. 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 report on Wednesday, April 29th. ATB Cormark Capital Markets upgraded Coeur Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, March 24th. Wall Street Zen cut Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Roth Mkm reiterated a “buy” rating and set a $25.00 target price on shares of Coeur Mining in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.56.

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.