30,000 Shares in Coeur Mining, Inc. $CDE Purchased by MYDA Advisors LLC

MYDA Advisors LLC acquired a new position in Coeur Mining, Inc. (NYSE:CDE) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 30,000 shares of the basic materials company’s stock, valued at approximately $535,000.

Other large investors also recently modified their holdings of the company. Sprott Inc. raised its holdings in shares of Coeur Mining by 2.0% in the 3rd quarter. Sprott Inc. now owns 9,208,046 shares of the basic materials company’s stock worth $172,743,000 after purchasing an additional 176,388 shares during the period. Van ECK Associates Corp raised its holdings in shares of 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 worth $1,238,201,000 after purchasing an additional 23,646,265 shares during the period. Algert Global LLC raised its holdings in shares of Coeur Mining by 65.1% in the 3rd quarter. Algert Global LLC now owns 526,860 shares of the basic materials company’s stock worth $9,884,000 after purchasing an additional 207,670 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 worth $447,567,000 after purchasing an additional 6,352,828 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Coeur Mining by 498.8% in the 3rd quarter. Victory Capital Management Inc. now owns 664,840 shares of the basic materials company’s stock worth $12,472,000 after purchasing an additional 553,814 shares during the period. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CDE shares. Zacks Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Canaccord Genuity Group upgraded Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Wednesday, April 29th. Canadian Imperial Bank of Commerce assumed coverage on Coeur Mining in a report on Tuesday, March 10th. They issued an “outperform” rating and a $40.00 price objective on the stock. Roth Mkm reiterated a “buy” rating and issued a $25.00 target price on shares of Coeur Mining in a research note on Friday, May 8th. Finally, Weiss Ratings lowered Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $26.28.

Insider Activity

In other news, CAO Kenneth J. Watkinson sold 39,000 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $18.60, for a total value of $725,400.00. Following the completion of the sale, the chief accounting officer owned 77,204 shares in the company, valued at approximately $1,435,994.40. This trade represents a 33.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.90% of the company’s stock.

Coeur Mining Price Performance

CDE stock opened at $17.20 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.14 and a current ratio of 3.73. Coeur Mining, Inc. has a 1 year low of $8.46 and a 1 year high of $27.77. The firm has a market cap of $17.80 billion, a P/E ratio of 14.83 and a beta of 1.25. The stock has a 50-day simple moving average of $18.52 and a 200-day simple moving average of $19.71.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) 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 analyst estimates of $815.59 million. During the same quarter last year, the business posted $0.11 EPS. Coeur Mining’s quarterly revenue was up 137.8% compared to the same quarter last year. On average, equities analysts predict that Coeur Mining, Inc. will post 1.46 earnings per share for the current fiscal year.

Coeur Mining Announces Dividend

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