328,724 Shares in Coeur Mining, Inc. $CDE Bought by BW Gestao de Investimentos Ltda.

BW Gestao de Investimentos Ltda. bought a new position in Coeur Mining, Inc. (NYSE:CDE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 328,724 shares of the basic materials company’s stock, valued at approximately $5,861,000.

Several other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Coeur Mining in the fourth quarter worth $128,389,000. Jupiter Asset Management Ltd. increased its stake in shares of Coeur Mining by 38.3% in the fourth quarter. Jupiter Asset Management Ltd. now owns 8,537,254 shares of the basic materials company’s stock worth $152,219,000 after buying an additional 2,366,413 shares during the period. Intech Investment Management LLC increased its stake in shares of Coeur Mining by 73.1% in the fourth quarter. Intech Investment Management LLC now owns 290,457 shares of the basic materials company’s stock worth $5,179,000 after buying an additional 122,640 shares during the period. Thoroughbred Financial Services LLC purchased a new position in shares of Coeur Mining in the fourth quarter worth $203,000. Finally, Geode Capital Management LLC increased its stake in shares of Coeur Mining by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 15,586,550 shares of the basic materials company’s stock worth $277,953,000 after buying an additional 524,646 shares during the period. 63.01% of the stock is owned by hedge funds and other institutional investors.

Coeur Mining Stock Performance

Shares of Coeur Mining stock opened at $19.15 on Wednesday. The stock has a market cap of $19.81 billion, a price-to-earnings ratio of 16.51 and a beta of 1.25. The firm’s 50-day moving average is $18.62 and its 200 day moving average is $19.55. Coeur Mining, Inc. has a 1 year low of $8.46 and a 1 year high of $27.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.73 and a quick ratio of 2.14.

Coeur Mining (NYSE:CDE) last announced its quarterly 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). The firm had revenue of $856.19 million during the quarter, compared to the consensus estimate of $815.59 million. Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.The business’s revenue for the quarter was up 137.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 EPS. Sell-side analysts anticipate that Coeur Mining, Inc. will post 1.46 EPS for the current fiscal year.

Coeur Mining Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 22nd will be paid a $0.02 dividend. The ex-dividend date is Friday, May 22nd. This represents a yield of 23.0%. Coeur Mining’s payout ratio is presently 3.45%.

Analysts Set New Price Targets

Several research analysts recently commented on CDE shares. BMO Capital Markets started coverage on shares of Coeur Mining in a research note on Wednesday, March 25th. They issued an “outperform” rating and a $27.00 target price on the stock. ATB Cormark Capital Markets raised shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, March 24th. Canaccord Genuity Group raised shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Wednesday, April 29th. Zacks Research raised shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings downgraded shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Coeur Mining has an average rating of “Moderate Buy” and an average price target of $24.56.

Insider Transactions at Coeur Mining

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $18.60, for a total value of $725,400.00. Following the transaction, the chief accounting officer owned 77,204 shares in the company, valued at $1,435,994.40. The trade was a 33.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.90% of the stock is currently owned by insiders.

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.