Legato Capital Management LLC Purchases New Holdings in Coeur Mining, Inc. $CDE

Legato Capital Management LLC purchased a new stake in Coeur Mining, Inc. (NYSE:CDE) in the fourth quarter, Holdings Channel.com reports. The firm purchased 36,779 shares of the basic materials company’s stock, valued at approximately $656,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CDE. AQR Capital Management LLC boosted its holdings in Coeur Mining by 60.2% in the first quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock valued at $4,434,000 after purchasing an additional 281,489 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Coeur Mining by 18.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock worth $49,449,000 after buying an additional 1,278,110 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Coeur Mining by 122.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company’s stock worth $14,393,000 after buying an additional 1,339,138 shares during the last quarter. Focus Partners Wealth bought a new position in Coeur Mining during the 1st quarter worth approximately $60,000. Finally, Intech Investment Management LLC lifted its holdings in Coeur Mining by 58.4% during the 1st quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock worth $1,594,000 after buying an additional 99,256 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Trading Up 4.1%

NYSE:CDE opened at $18.35 on Wednesday. The company has a quick ratio of 2.14, a current ratio of 3.73 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average is $18.71 and its two-hundred day moving average is $19.44. Coeur Mining, Inc. has a 52 week low of $7.65 and a 52 week high of $27.77. The company has a market cap of $18.98 billion, a PE ratio of 15.82 and a beta of 1.24.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The company had revenue of $856.19 million for 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 firm’s revenue for the quarter was up 137.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 earnings per share. On average, analysts predict that Coeur Mining, Inc. will post 1.46 EPS for the current year.

Coeur Mining Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.02 per share. This represents a dividend yield of 23.0%. The ex-dividend date is Friday, May 22nd. Coeur Mining’s dividend payout ratio is presently 3.45%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. ATB Cormark Capital Markets raised Coeur Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, March 24th. Zacks Research raised Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Wall Street Zen downgraded Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings downgraded Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 27th. Finally, 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 on the stock. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Coeur Mining presently has a consensus rating of “Moderate Buy” and an average target price of $24.56.

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.