Royal Bank of Canada Has $12.67 Million Stock Position in Coeur Mining, Inc. $CDE

Royal Bank of Canada lowered its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 16.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 675,043 shares of the basic materials company’s stock after selling 128,390 shares during the quarter. Royal Bank of Canada owned approximately 0.07% of Coeur Mining worth $12,670,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its holdings in Coeur Mining by 92.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 27,981,273 shares of the basic materials company’s stock worth $524,669,000 after purchasing an additional 13,418,041 shares during the last quarter. State Street Corp boosted its stake in shares of Coeur Mining by 6.7% in the 4th quarter. State Street Corp now owns 24,250,702 shares of the basic materials company’s stock valued at $432,390,000 after purchasing an additional 1,529,394 shares during the last quarter. Tidal Investments LLC boosted its stake 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 valued at $183,709,000 after purchasing an additional 7,382,955 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 valued at $277,953,000 after purchasing an additional 524,646 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Coeur Mining by 34.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 12,872,677 shares of the basic materials company’s stock worth $241,484,000 after buying an additional 3,291,431 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CDE. Wall Street Zen lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Canaccord Genuity Group raised shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Wednesday, April 29th. Roth Capital set a $19.00 target price on shares of Coeur Mining in a research report on Friday. Zacks Research cut shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a research report on Friday, July 10th. Finally, Cantor Fitzgerald downgraded Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price target on the stock. in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $25.50.

Coeur Mining Stock Performance

Shares of CDE stock opened at $17.41 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.14 and a current ratio of 3.65. Coeur Mining, Inc. has a 52 week low of $10.92 and a 52 week high of $27.77. The company’s 50 day moving average price is $16.37 and its two-hundred day moving average price is $19.17. The company has a market capitalization of $17.90 billion, a P/E ratio of 14.88 and a beta of 1.32.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.14). Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the company earned $0.20 EPS. The firm’s quarterly revenue was up 125.8% compared to the same quarter last year. On average, analysts expect that Coeur Mining, Inc. will post 1.21 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. Shareholders of record on Friday, May 22nd were issued a dividend of $0.02 per share. This represents a yield of 23.0%. The ex-dividend date was Friday, May 22nd. Coeur Mining’s dividend payout ratio is 3.42%.

Insider Transactions at Coeur Mining

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 39,000 shares of Coeur Mining 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 sale, the chief accounting officer owned 77,204 shares of the company’s stock, valued at $1,435,994.40. This trade represents a 33.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company 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.