Capula Management Ltd Boosts Holdings in Coeur Mining, Inc. $CDE

Capula Management Ltd boosted its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 23.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 213,088 shares of the basic materials company’s stock after purchasing an additional 40,981 shares during the period. Capula Management Ltd’s holdings in Coeur Mining were worth $4,000,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Triumph Capital Management boosted its stake in shares of Coeur Mining by 300.0% in the fourth quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock worth $29,000 after buying an additional 1,200 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Coeur Mining by 74.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 1,435 shares in the last quarter. Kingdom Financial Group LLC. purchased a new position in Coeur Mining during the fourth quarter valued at approximately $32,000. Kemnay Advisory Services Inc. acquired a new position in Coeur Mining in the fourth quarter valued at approximately $33,000. Finally, Transamerica Financial Advisors LLC acquired a new position in Coeur Mining in the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CDE shares. Cantor Fitzgerald cut shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a research note on Thursday, May 7th. Zacks Research cut shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. Wall Street Zen downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Canaccord Genuity Group upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Wednesday, April 29th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Coeur Mining in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Coeur Mining has a consensus rating of “Moderate Buy” and an average target price of $26.39.

Insider Buying and Selling at Coeur Mining

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $18.60, for a total transaction of $725,400.00. Following the completion of the sale, the chief accounting officer directly owned 77,204 shares in the company, valued at approximately $1,435,994.40. The trade was a 33.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is currently owned by company insiders.

Coeur Mining Stock Down 3.9%

CDE stock opened at $15.22 on Friday. The stock has a market capitalization of $15.75 billion, a P/E ratio of 13.13 and a beta of 1.29. The firm has a 50-day simple moving average of $16.85 and a 200-day simple moving average of $19.53. 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, Inc. has a 52 week low of $8.56 and a 52 week high of $27.77.

Coeur Mining (NYSE:CDE) last issued its quarterly 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 net margin of 31.15% and a return on equity of 15.38%. The company had revenue of $856.19 million during the quarter, compared to analysts’ expectations of $815.59 million. During the same period in the prior year, the business posted $0.11 earnings per share. The company’s quarterly revenue was up 137.8% compared to the same quarter last year. Equities analysts forecast that Coeur Mining, Inc. will post 1.25 earnings per share for the current fiscal year.

Coeur Mining Dividend Announcement

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

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.