Prudential PLC Invests $608,000 in Coeur Mining, Inc. $CDE

Prudential PLC purchased a new position in Coeur Mining, Inc. (NYSE:CDE) during the fourth quarter, Holdings Channel reports. The fund purchased 34,087 shares of the basic materials company’s stock, valued at approximately $608,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Van ECK Associates Corp increased 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 buying an additional 23,646,265 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 buying an additional 6,352,828 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of Coeur Mining by 55.3% in the 2nd quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock worth $183,709,000 after buying an additional 7,382,955 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 worth $277,953,000 after buying an additional 524,646 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Coeur Mining by 38.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 14,303,254 shares of the basic materials company’s stock worth $268,329,000 after buying an additional 3,982,085 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CDE. Roth Mkm reissued a “buy” rating and issued a $25.00 price target on shares of Coeur Mining in a report on Friday, May 8th. Weiss Ratings cut shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 27th. Zacks Research raised shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. Royal Bank Of Canada upped their price objective on shares of Coeur Mining from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Finally, Canadian Imperial Bank of Commerce initiated coverage on shares of Coeur Mining in a research note on Tuesday, March 10th. They issued an “outperform” rating and a $40.00 price objective for the company. Two 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $24.56.

Coeur Mining Price Performance

Shares of Coeur Mining stock opened at $16.71 on Tuesday. Coeur Mining, Inc. has a 52-week low of $8.46 and a 52-week high of $27.77. The stock has a market capitalization of $17.28 billion, a price-to-earnings ratio of 14.40 and a beta of 1.25. The company has a fifty day moving average of $18.64 and a 200-day moving average of $19.66. 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 (NYSE:CDE) last announced its quarterly earnings data 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 business had revenue of $856.19 million during the quarter, compared to analysts’ expectations of $815.59 million. During the same period last year, the company posted $0.11 EPS. Coeur Mining’s revenue for the quarter was up 137.8% on a year-over-year basis. Equities research analysts expect that Coeur Mining, Inc. will post 1.46 EPS for the current year.

Coeur Mining Dividend Announcement

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

Insiders Place Their Bets

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 39,000 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $18.60, for a total transaction of $725,400.00. Following the completion of the sale, the chief accounting officer owned 77,204 shares of the company’s stock, valued at $1,435,994.40. This represents a 33.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.90% of the stock is owned by insiders.

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.