Coeur Mining, Inc. $CDE Stock Position Lifted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 322.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,095,892 shares of the basic materials company’s stock after purchasing an additional 836,501 shares during the period. Assenagon Asset Management S.A.’s holdings in Coeur Mining were worth $20,570,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Sprott Inc. grew its position in Coeur Mining by 2.0% in the 3rd quarter. Sprott Inc. now owns 9,208,046 shares of the basic materials company’s stock worth $172,743,000 after purchasing an additional 176,388 shares during the last quarter. Van ECK Associates Corp lifted its stake in Coeur Mining by 55.8% during the third quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company’s stock worth $1,238,201,000 after purchasing an additional 23,646,265 shares during the period. Algert Global LLC boosted its holdings in Coeur Mining by 65.1% during the third quarter. Algert Global LLC now owns 526,860 shares of the basic materials company’s stock valued at $9,884,000 after purchasing an additional 207,670 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Coeur Mining by 36.3% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,857,511 shares of the basic materials company’s stock valued at $447,567,000 after acquiring an additional 6,352,828 shares during the period. Finally, Victory Capital Management Inc. boosted its position in Coeur Mining by 498.8% in the third quarter. Victory Capital Management Inc. now owns 664,840 shares of the basic materials company’s stock valued at $12,472,000 after buying an additional 553,814 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Canaccord Genuity Group upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Wednesday, April 29th. Cantor Fitzgerald cut shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price for the company. in a research report on Thursday, May 7th. ATB Cormark Capital Markets upgraded shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, March 24th. Scotiabank initiated coverage on Coeur Mining in a research note on Friday, June 12th. They set a “sector outperform” rating and a $27.50 price objective on the stock. Finally, BMO Capital Markets assumed coverage on Coeur Mining in a report on Wednesday, March 25th. They set an “outperform” rating and a $27.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.28.

Coeur Mining Price Performance

Shares of NYSE:CDE opened at $16.04 on Friday. Coeur Mining, Inc. has a 12 month low of $8.46 and a 12 month high of $27.77. The firm has a 50 day moving average of $18.01 and a 200-day moving average of $19.75. The company has a current ratio of 3.73, a quick ratio of 2.14 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $16.59 billion, a PE ratio of 13.83 and a beta of 1.25.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. The company had revenue of $856.19 million during the quarter, compared to the consensus estimate of $815.59 million. During the same period in the previous year, the company earned $0.11 EPS. Coeur Mining’s revenue for the quarter was up 137.8% on a year-over-year basis. On average, equities research analysts predict that Coeur Mining, Inc. will post 1.46 EPS for the current fiscal year.

Coeur Mining Announces Dividend

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

Insider Activity at Coeur Mining

In other news, CAO Kenneth J. Watkinson sold 39,000 shares of the stock in a transaction 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 completion of the transaction, the chief accounting officer directly owned 77,204 shares in the company, valued at approximately $1,435,994.40. This represents a 33.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.

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.