99,374 Coeur Mining, Inc. $CDE Shares Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP lifted its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 50,701.0% during the third quarter, HoldingsChannel reports. The fund owned 99,570 shares of the basic materials company’s stock after acquiring an additional 99,374 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Coeur Mining were worth $1,776,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds 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 first 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 in the last quarter. Dimensional Fund Advisors LP boosted 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 purchasing an additional 3,291,431 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Coeur Mining by 889.6% in the 1st quarter. Renaissance Technologies LLC now owns 6,870,813 shares of the basic materials company’s stock valued at $128,965,000 after purchasing an additional 6,176,524 shares in the last quarter. Amundi increased its position in Coeur Mining by 107.0% during the 1st quarter. Amundi now owns 6,164,731 shares of the basic materials company’s stock worth $115,712,000 after purchasing an additional 3,186,761 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in Coeur Mining during the 2nd quarter worth approximately $104,760,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Coeur Mining

In other Coeur Mining news, CFO Thomas S. Whelan sold 6,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $20.87, for a total transaction of $125,220.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director J. Kenneth Thompson sold 25,000 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $20.77, for a total value of $519,250.00. Following the completion of the sale, the director directly owned 257,333 shares in the company, valued at $5,344,806.41. This trade represents a 8.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 51,000 shares of company stock valued at $1,055,070 in the last ninety days. Corporate insiders own 0.90% of the company’s stock.

Coeur Mining Stock Down 6.9%

Shares of NYSE CDE opened at $15.32 on Wednesday. The company has a quick ratio of 2.60, a current ratio of 3.79 and a debt-to-equity ratio of 0.07. Coeur Mining, Inc. has a 52 week low of $12.71 and a 52 week high of $27.77. The firm has a 50-day moving average price of $17.22 and a 200 day moving average price of $18.68. The stock has a market capitalization of $15.65 billion, a price-to-earnings ratio of 17.69 and a beta of 1.46.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, November 4th. The basic materials company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). Coeur Mining had a return on equity of 8.12% and a net margin of 19.25%. The company had revenue of $983.62 million for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the firm posted $0.23 EPS. The firm’s quarterly revenue was up 77.4% on a year-over-year basis. Equities research analysts anticipate that Coeur Mining, Inc. will post 0.77 EPS for the current fiscal year.

Coeur Mining Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, December 16th. Investors of record on Monday, November 30th will be issued a $0.02 dividend. The ex-dividend date is Monday, November 30th. This represents a dividend yield of 27.0%. Coeur Mining’s dividend payout ratio is currently 4.60%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Zacks Research raised Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. Roth Capital set a $19.00 price target on Coeur Mining in a research note on Friday, August 7th. New Street Research set a $23.50 price target on Coeur Mining in a research note on Monday. Needham & Company LLC set a $23.50 price objective on Coeur Mining in a report on Monday. Finally, Weiss Ratings cut Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Coeur Mining currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.28.

Coeur Mining Company Profile

Coeur Mining, Inc. is a precious metals producer focused on the exploration, development and operation of mines. The company primarily produces silver and gold, with its output also including related metals. Coeur operates mines in the United States and Mexico. Its portfolio includes silver-and-gold operations as well as gold-focused mines, and the company also conducts exploration to identify and develop mineral resources. Founded in 1928, Coeur Mining is headquartered in Chicago. Mitchell J. Krebs serves as the company’s president and chief executive officer.