Coeur Mining, Inc. $CDE Stock Holdings Increased by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co increased its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 212.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 66,134 shares of the basic materials company’s stock after buying an additional 44,977 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Coeur Mining were worth $1,241,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CDE. AQR Capital Management LLC lifted its position in Coeur Mining by 60.2% in the 1st quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock worth $4,434,000 after buying an additional 281,489 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of 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 valued at $49,449,000 after acquiring an additional 1,278,110 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Coeur Mining by 122.6% in the first 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 acquiring an additional 1,339,138 shares during the last quarter. Focus Partners Wealth acquired a new position in shares of Coeur Mining in the first quarter worth $60,000. Finally, Intech Investment Management LLC raised its holdings in shares of Coeur Mining by 58.4% during the first quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock worth $1,594,000 after acquiring an additional 99,256 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 39,000 shares of the firm’s stock in a transaction that occurred on 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 filing with the SEC, which is available through this link. 0.90% of the stock is currently owned by insiders.

Coeur Mining Stock Performance

Shares of CDE opened at $15.58 on Tuesday. The company has a market capitalization of $16.12 billion, a PE ratio of 13.43 and a beta of 1.29. 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, Inc. has a one year low of $8.81 and a one year high of $27.77. The company’s fifty day moving average price is $16.51 and its 200 day moving average price is $19.28.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm had revenue of $856.19 million for the quarter, compared to the consensus estimate of $815.59 million. Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. The firm’s revenue was up 137.8% on a year-over-year basis. During the same quarter last year, the company earned $0.11 earnings per share. As a group, analysts expect that Coeur Mining, Inc. will post 1.25 earnings per share for the current year.

Coeur Mining Announces Dividend

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

Analyst Ratings Changes

CDE has been the subject of a number of research reports. Wall Street Zen cut Coeur Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Scotiabank reaffirmed an “outperform” rating and issued a $28.50 target price on shares of Coeur Mining in a research report on Tuesday, July 14th. Roth Capital reaffirmed a “buy” rating and set a $25.00 price target on shares of Coeur Mining in a research note on Friday, May 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Coeur Mining in a report on Wednesday, June 24th. Finally, Cantor Fitzgerald cut Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.39.

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.