Coeur Mining, Inc. $CDE Stock Position Raised by StoneX Group Inc.

StoneX Group Inc. grew its holdings in Coeur Mining, Inc. (NYSE:CDE) by 59.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 82,972 shares of the basic materials company’s stock after buying an additional 30,873 shares during the period. StoneX Group Inc.’s holdings in Coeur Mining were worth $1,407,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Arrowstreet Capital Limited Partnership boosted its position in Coeur Mining by 92.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 27,981,273 shares of the basic materials company’s stock worth $524,669,000 after acquiring an additional 13,418,041 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Coeur Mining in the 2nd quarter valued at about $104,760,000. Renaissance Technologies LLC raised its holdings in Coeur Mining by 889.6% in the 1st quarter. Renaissance Technologies LLC now owns 6,870,813 shares of the basic materials company’s stock valued at $128,965,000 after acquiring an additional 6,176,524 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Coeur Mining by 34.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 12,872,677 shares of the basic materials company’s stock valued at $241,484,000 after acquiring an additional 3,291,431 shares during the last quarter. Finally, Amundi lifted its stake in Coeur Mining by 107.0% in the 1st quarter. Amundi now owns 6,164,731 shares of the basic materials company’s stock worth $115,712,000 after purchasing an additional 3,186,761 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Casey M. Nault sold 10,000 shares of Coeur Mining stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $21.06, for a total transaction of $210,600.00. Following the sale, the executive vice president owned 530,086 shares of the company’s stock, valued at approximately $11,163,611.16. The trade was a 1.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director J. Kenneth Thompson sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $20.77, for a total value of $519,250.00. Following the completion of the transaction, the director owned 257,333 shares in the company, valued at $5,344,806.41. This represents a 8.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 51,000 shares of company stock valued at $1,055,070 in the last 90 days. Company insiders own 0.90% of the company’s stock.

Coeur Mining Trading Up 6.5%

Shares of CDE opened at $16.48 on Tuesday. The company has a current ratio of 3.65, a quick ratio of 2.44 and a debt-to-equity ratio of 0.07. Coeur Mining, Inc. has a 12-month low of $12.71 and a 12-month high of $27.77. The firm has a 50-day moving average price of $17.33 and a 200 day moving average price of $18.73. The firm has a market capitalization of $16.94 billion, a P/E ratio of 18.94 and a beta of 1.46.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.04). Coeur Mining had a return on equity of 8.72% and a net margin of 19.25%. The firm had revenue of $983.62 million for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the business posted $0.23 earnings per share. Coeur Mining’s revenue for the quarter was up 77.4% on a year-over-year basis. Sell-side analysts forecast that Coeur Mining, Inc. will post 0.78 EPS for the current year.

Coeur Mining Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Monday, November 30th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a dividend yield of 27.0%. Coeur Mining’s dividend payout ratio is 4.60%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CDE. Scotiabank lowered their target price on Coeur Mining from $26.50 to $23.50 and set a “sector outperform” rating on the stock in a report on Monday. Roth Capital set a $19.00 price target on Coeur Mining in a research report on Friday, August 7th. Zacks Research raised Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. New Street Research set a $23.50 price objective on Coeur Mining in a research report on Monday. Finally, Weiss Ratings downgraded Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 27th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $25.25.

About Coeur Mining

Coeur Mining, Inc is a precious metals producer focused on the exploration, development and operation of mines. The company primarily produces silver and gold, with its output also including related metals.

Coeur operates mines in the United States and Mexico. Its portfolio includes silver-and-gold operations as well as gold-focused mines, and the company also conducts exploration to identify and develop mineral resources.

Founded in 1928, Coeur Mining is headquartered in Chicago.