Jupiter Asset Management Ltd. Has $152.22 Million Holdings in Coeur Mining, Inc. $CDE

Jupiter Asset Management Ltd. raised its position in Coeur Mining, Inc. (NYSE:CDE) by 38.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,537,254 shares of the basic materials company’s stock after purchasing an additional 2,366,413 shares during the quarter. Coeur Mining accounts for 1.2% of Jupiter Asset Management Ltd.’s investment portfolio, making the stock its 13th largest holding. Jupiter Asset Management Ltd.’s holdings in Coeur Mining were worth $152,219,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CDE. EverSource Wealth Advisors LLC lifted its position in shares of Coeur Mining by 74.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 1,435 shares in the last quarter. Kingdom Financial Group LLC. acquired a new position in shares of Coeur Mining during the fourth quarter worth approximately $32,000. Covestor Ltd lifted its position in shares of Coeur Mining by 7,011.5% during the third quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 1,823 shares in the last quarter. JPL Wealth Management LLC acquired a new position in shares of Coeur Mining during the third quarter worth approximately $35,000. Finally, Lodestone Wealth Management LLC acquired a new position in shares of Coeur Mining during the fourth quarter worth approximately $36,000. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on CDE shares. Zacks Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Roth Mkm reaffirmed a “buy” rating and set a $25.00 price objective on shares of Coeur Mining in a research note on Friday, May 8th. Cantor Fitzgerald cut Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective for the company. in a research note on Thursday, May 7th. Canaccord Genuity Group raised Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Wednesday, April 29th. Finally, Wall Street Zen cut Coeur Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.56.

Coeur Mining Stock Performance

Shares of CDE opened at $18.61 on Friday. The firm has a 50-day moving average of $18.60 and a 200-day moving average of $19.49. Coeur Mining, Inc. has a one year low of $7.87 and a one year high of $27.77. The company has a market cap of $19.26 billion, a PE ratio of 16.05 and a beta of 1.24. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.73 and a quick ratio of 2.14.

Coeur Mining (NYSE:CDE) last announced 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). Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. The firm had revenue of $856.19 million during the quarter, compared to the consensus estimate of $815.59 million. During the same period last year, the business earned $0.11 EPS. The business’s revenue was up 137.8% on a year-over-year basis. As a group, equities analysts forecast that Coeur Mining, Inc. will post 1.46 earnings per share for the current year.

Coeur Mining Announces Dividend

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

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.