Coeur Mining, Inc. $CDE Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP increased its position in Coeur Mining, Inc. (NYSE:CDE) by 529.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 224,300 shares of the basic materials company’s stock after acquiring an additional 188,682 shares during the period. Quantinno Capital Management LP’s holdings in Coeur Mining were worth $4,210,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Lazard Asset Management LLC grew its position in Coeur Mining by 137.8% in the 1st quarter. Lazard Asset Management LLC now owns 280,489 shares of the basic materials company’s stock worth $5,264,000 after purchasing an additional 162,545 shares during the last quarter. Castleark Management LLC bought a new stake in shares of Coeur Mining during the first quarter valued at approximately $2,307,000. Weiss Asset Management LP boosted its position in shares of Coeur Mining by 1,702.5% during the first quarter. Weiss Asset Management LP now owns 251,651 shares of the basic materials company’s stock worth $4,723,000 after buying an additional 237,690 shares during the period. Absolute Gestao de Investimentos Ltda. acquired a new position in shares of Coeur Mining during the first quarter worth approximately $287,000. Finally, Themes Management Co LLC grew its holdings in Coeur Mining by 75.5% in the 1st quarter. Themes Management Co LLC now owns 22,271 shares of the basic materials company’s stock worth $418,000 after buying an additional 9,584 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Cantor Fitzgerald cut Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a research report on Thursday, May 7th. Wall Street Zen lowered Coeur Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Canaccord Genuity Group raised Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Wednesday, April 29th. Zacks Research lowered Coeur Mining from a “hold” rating to a “strong sell” rating in a report on Friday, July 10th. Finally, Scotiabank restated an “outperform” rating and set a $26.50 price objective on shares of Coeur Mining in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $25.50.

Insider Activity 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 shares were sold at an average price of $18.60, for a total value of $725,400.00. Following the sale, the chief accounting officer directly owned 77,204 shares in the company, valued at $1,435,994.40. The trade was a 33.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is owned by insiders.

Coeur Mining Trading Up 11.3%

Shares of Coeur Mining stock opened at $17.41 on Friday. The business has a fifty day simple moving average of $16.37 and a 200-day simple moving average of $19.17. Coeur Mining, Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $27.77. The firm has a market cap of $17.90 billion, a price-to-earnings ratio of 14.88 and a beta of 1.32. The company has a quick ratio of 2.14, a current ratio of 3.65 and a debt-to-equity ratio of 0.07.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.14). Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%.The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the previous year, the firm earned $0.20 earnings per share. Coeur Mining’s revenue was up 125.8% on a year-over-year basis. On average, equities analysts forecast that Coeur Mining, Inc. will post 1.25 EPS for the current fiscal year.

Coeur Mining Dividend Announcement

The firm also recently disclosed 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 of this dividend was Friday, May 22nd. This represents a dividend yield of 23.0%. Coeur Mining’s payout ratio is currently 3.42%.

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.