ABN Amro Investment Solutions Buys Shares of 41,482 Coeur Mining, Inc. $CDE

ABN Amro Investment Solutions 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 & Exchange Commission. The institutional investor purchased 41,482 shares of the basic materials company’s stock, valued at approximately $779,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Tidal Investments LLC grew its position in 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 valued at $183,709,000 after buying an additional 7,382,955 shares in the last quarter. Norges Bank bought a new position in Coeur Mining during the fourth quarter valued at about $128,389,000. Goldman Sachs Group Inc. boosted its stake 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 valued at $222,922,000 after buying an additional 6,012,718 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Coeur Mining by 38.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 14,303,254 shares of the basic materials company’s stock worth $268,329,000 after acquiring an additional 3,982,085 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Coeur Mining by 34.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 12,872,677 shares of the basic materials company’s stock valued at $241,484,000 after acquiring an additional 3,291,431 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Roth Capital restated a “buy” rating and issued a $25.00 target price on shares of Coeur Mining in a report on Friday, May 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, June 24th. Scotiabank reaffirmed an “outperform” rating and set a $28.50 price objective on shares of Coeur Mining in a research note on Tuesday, July 14th. Cantor Fitzgerald cut shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price for the company. in a report on Thursday, May 7th. Finally, Zacks Research lowered shares of 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 issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.39.

Coeur Mining Stock Performance

Shares of CDE stock opened at $15.14 on Friday. Coeur Mining, Inc. has a fifty-two week low of $8.56 and a fifty-two week high of $27.77. The stock’s 50-day moving average is $16.80 and its two-hundred day moving average is $19.49. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.73 and a quick ratio of 2.14. The firm has a market cap of $15.67 billion, a P/E ratio of 13.06 and a beta of 1.29.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data 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). The firm had revenue of $856.19 million during the quarter, compared to analyst estimates of $815.59 million. Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.The company’s quarterly revenue was up 137.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.11 EPS. Analysts predict that Coeur Mining, Inc. will post 1.25 earnings per share for the current fiscal 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 issued a $0.02 dividend. This represents a yield of 23.0%. The ex-dividend date was Friday, May 22nd. Coeur Mining’s dividend payout ratio (DPR) is 3.45%.

Insiders Place Their Bets

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 39,000 shares of the company’s stock in a transaction dated 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 directly owned 77,204 shares in the company, valued at $1,435,994.40. This represents a 33.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is currently owned by corporate insiders.

Coeur Mining Company 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.