Louisbourg Investments Inc. Takes Position in Coeur Mining, Inc. $CDE

Louisbourg Investments Inc. purchased a new position in Coeur Mining, Inc. (NYSE:CDE) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 292,481 shares of the basic materials company’s stock, valued at approximately $5,490,000.

Other large investors have also recently made changes to their positions in the company. Pictet Asset Management Holding SA boosted its position in Coeur Mining by 310.5% in the first quarter. Pictet Asset Management Holding SA now owns 378,622 shares of the basic materials company’s stock valued at $7,107,000 after buying an additional 286,383 shares during the last quarter. Sterling Capital Management LLC raised its holdings in Coeur Mining by 53.4% in the 1st quarter. Sterling Capital Management LLC now owns 31,673 shares of the basic materials company’s stock worth $595,000 after purchasing an additional 11,026 shares during the period. Falcon Wealth Planning acquired a new position in shares of Coeur Mining during the 1st quarter worth approximately $1,061,000. Kestra Private Wealth Services LLC raised its position in Coeur Mining by 10.3% during the first quarter. Kestra Private Wealth Services LLC now owns 39,544 shares of the basic materials company’s stock worth $742,000 after acquiring an additional 3,697 shares during the period. Finally, Ritholtz Wealth Management raised its position in shares of Coeur Mining by 284.3% during the 1st quarter. Ritholtz Wealth Management now owns 70,430 shares of the basic materials company’s stock worth $1,322,000 after purchasing an additional 52,103 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Coeur Mining Stock Up 0.3%

Coeur Mining stock opened at $16.04 on Friday. The company has a market capitalization of $16.59 billion, a PE ratio of 13.83 and a beta of 1.25. 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 fifty-two week low of $8.46 and a fifty-two week high of $27.77. The firm has a 50 day moving average price of $18.01 and a 200 day moving average price of $19.75.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.The firm had revenue of $856.19 million for the quarter, compared to analyst estimates of $815.59 million. During the same quarter last year, the company earned $0.11 earnings per share. The firm’s revenue for the quarter was up 137.8% on a year-over-year basis. Research analysts expect that Coeur Mining, Inc. will post 1.46 earnings per share for the current year.

Coeur Mining Announces Dividend

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

Analyst Upgrades and Downgrades

CDE has been the topic of a number of research reports. BMO Capital Markets initiated coverage on Coeur Mining in a report on Wednesday, March 25th. They issued an “outperform” rating and a $27.00 price objective on the stock. Roth Mkm restated a “buy” rating and set a $25.00 target price on shares of Coeur Mining in a report on Friday, May 8th. ATB Cormark Capital Markets upgraded Coeur Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, March 24th. 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 report on Wednesday, April 29th. Finally, Zacks Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.28.

Insider Transactions at Coeur Mining

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $18.60, for a total transaction of $725,400.00. Following the completion of the transaction, the chief accounting officer directly owned 77,204 shares in the company, valued at $1,435,994.40. This trade represents a 33.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.90% of the company’s stock.

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.