Sigma Planning Corp Buys Shares of 61,532 Coeur Mining, Inc. $CDE

Sigma Planning Corp bought a new position in shares of Coeur Mining, Inc. (NYSE:CDE) during the 1st quarter, Holdings Channel reports. The fund bought 61,532 shares of the basic materials company’s stock, valued at approximately $1,155,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. SG Americas Securities LLC lifted its stake in shares of Coeur Mining by 145.6% in the fourth quarter. SG Americas Securities LLC now owns 186,664 shares of the basic materials company’s stock valued at $3,328,000 after purchasing an additional 110,660 shares during the period. Rathbones Group PLC grew its position in Coeur Mining by 146.0% during the fourth quarter. Rathbones Group PLC now owns 173,349 shares of the basic materials company’s stock worth $3,091,000 after buying an additional 102,869 shares during the period. Goldman Sachs Group Inc. grew its position in Coeur Mining by 92.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 12,502,645 shares of the basic materials company’s stock worth $222,922,000 after buying an additional 6,012,718 shares during the period. Electrum Group LLC acquired a new position in Coeur Mining during the fourth quarter worth about $8,582,000. Finally, Norges Bank purchased a new position in Coeur Mining in the fourth quarter valued at about $128,389,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Scotiabank reiterated an “outperform” rating and set a $28.50 price target on shares of Coeur Mining in a research report on Tuesday. ATB Cormark Capital Markets raised Coeur Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, March 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Coeur Mining in a report on Wednesday, June 24th. Roth Capital reiterated a “buy” rating and set a $25.00 target price on shares of Coeur Mining in a research report on Friday, May 8th. Finally, Zacks Research lowered Coeur Mining from a “hold” rating to a “strong sell” rating in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Coeur Mining currently has a consensus rating of “Moderate Buy” and an average price target of $26.39.

Insiders Place Their Bets

In other news, CAO Kenneth J. Watkinson sold 39,000 shares of the business’s stock in a transaction on 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 transaction, the chief accounting officer directly owned 77,204 shares of the company’s stock, valued at $1,435,994.40. The trade was a 33.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.90% of the company’s stock.

Coeur Mining Stock Down 2.9%

CDE stock opened at $14.36 on Friday. The company’s 50 day simple moving average is $17.22 and its 200-day simple moving average is $19.59. The firm has a market capitalization of $14.85 billion, a PE ratio of 12.38 and a beta of 1.29. Coeur Mining, Inc. has a 12 month low of $8.56 and a 12 month high of $27.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.73 and a quick ratio of 2.14.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data 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 return on equity of 15.38% and a net margin of 31.15%.The company had revenue of $856.19 million for the quarter, compared to analyst estimates of $815.59 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The company’s revenue for the quarter was up 137.8% on a year-over-year basis. Equities analysts expect that Coeur Mining, Inc. will post 1.38 earnings per share for the current fiscal year.

Coeur Mining Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd were given 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 (DPR) 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.