Coeur Mining, Inc. $CDE Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 310.5% during the 1st quarter, Holdings Channel reports. The firm owned 378,622 shares of the basic materials company’s stock after purchasing an additional 286,383 shares during the period. Pictet Asset Management Holding SA’s holdings in Coeur Mining were worth $7,107,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp lifted its holdings in shares of Coeur Mining by 55.8% in the third quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company’s stock valued at $1,238,201,000 after buying an additional 23,646,265 shares during the period. State Street Corp grew its holdings in Coeur Mining by 6.7% during the fourth quarter. State Street Corp now owns 24,250,702 shares of the basic materials company’s stock worth $432,390,000 after acquiring an additional 1,529,394 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Coeur Mining by 36.3% in the third 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 acquiring an additional 6,352,828 shares in the last quarter. Tidal Investments LLC raised its position in Coeur Mining by 55.3% in the second quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock worth $183,709,000 after acquiring an additional 7,382,955 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Coeur Mining by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 15,586,550 shares of the basic materials company’s stock valued at $277,953,000 after acquiring an additional 524,646 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Insider Activity at Coeur Mining

In other news, CAO Kenneth J. Watkinson sold 39,000 shares of Coeur Mining stock in a transaction that occurred on 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 directly owned 77,204 shares of the company’s stock, valued at $1,435,994.40. This trade represents a 33.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.90% of the stock is currently owned by insiders.

Coeur Mining Trading Down 0.1%

Shares of NYSE CDE opened at $17.28 on Friday. Coeur Mining, Inc. has a 12 month low of $8.56 and a 12 month high of $27.77. The company has a market cap of $17.87 billion, a price-to-earnings ratio of 14.89 and a beta of 1.29. 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 business has a fifty day simple moving average of $17.74 and a 200-day simple moving average of $19.76.

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). The company had revenue of $856.19 million during the quarter, compared to analysts’ expectations of $815.59 million. Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.The company’s revenue for the quarter was up 137.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 EPS. Sell-side analysts predict that Coeur Mining, Inc. will post 1.46 EPS for the current year.

Coeur Mining Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd were issued 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 presently 3.45%.

Analyst Ratings Changes

Several research firms have recently weighed in on CDE. BMO Capital Markets began coverage on shares of Coeur Mining in a research report on Wednesday, March 25th. They set an “outperform” rating and a $27.00 price objective for the company. Roth Mkm reiterated a “buy” rating and issued a $25.00 target price on shares of Coeur Mining in a report on Friday, May 8th. ATB Cormark Capital Markets raised shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, March 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Coeur Mining in a report on Wednesday, June 24th. Finally, Cantor Fitzgerald lowered shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price target on the stock. in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.28.

Coeur Mining Company 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.