Segall Bryant & Hamill LLC Cuts Stake in Coeur Mining, Inc. $CDE

Segall Bryant & Hamill LLC cut its stake in Coeur Mining, Inc. (NYSE:CDE) by 13.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 335,760 shares of the basic materials company’s stock after selling 50,110 shares during the period. Segall Bryant & Hamill LLC’s holdings in Coeur Mining were worth $6,302,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CDE. Triumph Capital Management raised its stake in Coeur Mining by 300.0% during the fourth quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 1,200 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Coeur Mining by 74.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 1,435 shares during the last quarter. Kingdom Financial Group LLC. purchased a new stake in shares of Coeur Mining during the 4th quarter valued at $32,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Coeur Mining during the 4th quarter valued at $33,000. Finally, Transamerica Financial Advisors LLC acquired a new stake in shares of Coeur Mining during the 4th quarter worth $34,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on CDE. Roth Capital reaffirmed a “buy” rating and issued a $25.00 target price on shares of Coeur Mining in a research report on Friday, May 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Coeur Mining in a research report on Wednesday, June 24th. Zacks Research lowered Coeur Mining from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. Wall Street Zen downgraded Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Cantor Fitzgerald downgraded Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $26.39.

Insider Activity

In other news, CAO Kenneth J. Watkinson sold 39,000 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $18.60, for a total value of $725,400.00. Following the completion of the sale, the chief accounting officer owned 77,204 shares in the company, valued at approximately $1,435,994.40. This trade represents a 33.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.90% of the company’s stock.

Coeur Mining Stock Up 4.5%

Shares of Coeur Mining stock opened at $15.58 on Tuesday. The company has a fifty day moving average price of $16.51 and a 200 day moving average price of $19.28. The company has a current ratio of 3.73, a quick ratio of 2.14 and a debt-to-equity ratio of 0.07. Coeur Mining, Inc. has a twelve month low of $8.81 and a twelve month high of $27.77. The stock has a market cap of $16.12 billion, a price-to-earnings ratio of 13.43 and a beta of 1.29.

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 the consensus estimate of $0.37 by ($0.01). Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. The company had revenue of $856.19 million during the quarter, compared to analyst estimates of $815.59 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The firm’s revenue for the quarter was up 137.8% on a year-over-year basis. Equities research analysts forecast that Coeur Mining, Inc. will post 1.25 earnings per share for the current fiscal year.

Coeur Mining Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd were given 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 dividend payout ratio is presently 3.45%.

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.