Polianta Ltd Acquires New Holdings in Coeur Mining, Inc. $CDE

Polianta Ltd acquired a new stake in Coeur Mining, Inc. (NYSE:CDE) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 87,500 shares of the basic materials company’s stock, valued at approximately $1,642,000. Coeur Mining makes up approximately 0.2% of Polianta Ltd’s holdings, making the stock its 23rd largest holding.

Other hedge funds have also added to or reduced their stakes in the company. Sprott Inc. grew its stake in Coeur Mining by 2.0% in the third quarter. Sprott Inc. now owns 9,208,046 shares of the basic materials company’s stock valued at $172,743,000 after acquiring an additional 176,388 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Coeur Mining by 55.8% during the 3rd quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company’s stock valued at $1,238,201,000 after purchasing an additional 23,646,265 shares in the last quarter. Algert Global LLC raised its holdings in Coeur Mining by 65.1% during the 3rd quarter. Algert Global LLC now owns 526,860 shares of the basic materials company’s stock worth $9,884,000 after buying an additional 207,670 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Coeur Mining by 36.3% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,857,511 shares of the basic materials company’s stock valued at $447,567,000 after buying an additional 6,352,828 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Coeur Mining by 498.8% in the third quarter. Victory Capital Management Inc. now owns 664,840 shares of the basic materials company’s stock valued at $12,472,000 after buying an additional 553,814 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Scotiabank began coverage on shares of Coeur Mining in a research report on Friday, June 12th. They set a “sector outperform” rating and a $27.50 price objective for the company. Wall Street Zen cut shares of Coeur Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Roth Mkm reaffirmed a “buy” rating and issued a $25.00 target price on shares of Coeur Mining in a research note on Friday, May 8th. Canadian Imperial Bank of Commerce assumed coverage on Coeur Mining in a report on Tuesday, March 10th. They set an “outperform” rating and a $40.00 target price for the company. Finally, Canaccord Genuity Group raised Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.28.

Coeur Mining Stock Up 0.1%

Coeur Mining stock opened at $17.53 on Friday. The company has a market cap of $18.13 billion, a P/E ratio of 15.11 and a beta of 1.25. Coeur Mining, Inc. has a 1-year low of $8.46 and a 1-year high of $27.77. The company has a fifty day simple moving average of $18.41 and a 200 day simple moving average of $19.75. 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 (NYSE:CDE) last issued 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 business had revenue of $856.19 million during the quarter, compared to analyst estimates of $815.59 million. During the same quarter in the previous year, the firm posted $0.11 earnings per share. The firm’s quarterly revenue was up 137.8% on a year-over-year basis. Research analysts anticipate that Coeur Mining, Inc. will post 1.46 earnings per share for the current fiscal year.

Coeur Mining Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, June 10th. Investors 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 payout ratio is currently 3.45%.

Insider Transactions at Coeur Mining

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of the company’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 sale, the chief accounting officer owned 77,204 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.

Coeur Mining 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.