Coeur Mining, Inc. $CDE Shares Acquired by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. grew its position in Coeur Mining, Inc. (NYSE:CDE) by 200.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 75,034 shares of the basic materials company’s stock after acquiring an additional 50,034 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Coeur Mining were worth $1,338,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in Coeur Mining by 74.2% in the 2nd 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 during the period. Kingdom Financial Group LLC. purchased a new position in Coeur Mining during the fourth quarter worth approximately $32,000. JPL Wealth Management LLC purchased a new position in Coeur Mining during the third quarter worth approximately $35,000. Lodestone Wealth Management LLC purchased a new position in Coeur Mining during the fourth quarter worth approximately $36,000. Finally, Sound Income Strategies LLC boosted its position in Coeur Mining by 99.2% during the fourth quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 996 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Activity at Coeur Mining

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 39,000 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $18.60, for a total transaction of $725,400.00. Following the completion of the transaction, the chief accounting officer owned 77,204 shares of the company’s stock, valued at $1,435,994.40. This represents a 33.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on CDE. ATB Cormark Capital Markets upgraded Coeur Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, March 24th. 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 report on Thursday, May 7th. Roth Mkm reiterated a “buy” rating and set a $25.00 price target on shares of Coeur Mining in a research report on Friday, May 8th. Zacks Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen downgraded Coeur Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.56.

Coeur Mining Price Performance

Shares of Coeur Mining stock opened at $16.27 on Monday. The business has a 50 day simple moving average of $18.63 and a two-hundred day simple moving average of $19.64. Coeur Mining, Inc. has a 12 month low of $8.46 and a 12 month high of $27.77. The stock has a market capitalization of $16.83 billion, a P/E ratio of 14.03 and a beta of 1.25. 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 earnings results 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 for the quarter, compared to analyst estimates of $815.59 million. During the same period in the previous year, the company earned $0.11 EPS. Coeur Mining’s revenue was up 137.8% compared to the same quarter last year. As a group, analysts predict that Coeur Mining, Inc. will post 1.46 EPS for the current fiscal year.

Coeur Mining Announces Dividend

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

Coeur Mining Company 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.