Groupe la Francaise Has $10.38 Million Stake in Coeur Mining, Inc. $CDE

Groupe la Francaise boosted its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 101.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 555,000 shares of the basic materials company’s stock after acquiring an additional 280,000 shares during the period. Groupe la Francaise’s holdings in Coeur Mining were worth $10,385,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CDE. Triumph Capital Management lifted its position in shares of Coeur Mining by 300.0% during the 4th quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 1,200 shares during the last quarter. EverSource Wealth Advisors LLC grew 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 valued at $30,000 after buying an additional 1,435 shares during the last quarter. Kingdom Financial Group LLC. acquired a new stake in Coeur Mining in the 4th quarter valued at approximately $32,000. Kemnay Advisory Services Inc. acquired a new stake in Coeur Mining in the 4th quarter valued at approximately $33,000. Finally, Transamerica Financial Advisors LLC bought a new position in Coeur Mining in the 4th quarter worth approximately $34,000. 63.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on CDE shares. Roth Capital reiterated a “buy” rating and set a $25.00 price target on shares of Coeur Mining in a report on Friday, May 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, June 24th. Canaccord Genuity Group raised shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Wednesday, April 29th. Zacks Research cut shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. Finally, Scotiabank reissued an “outperform” rating and issued a $28.50 price target on shares of Coeur Mining in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Coeur Mining presently has a consensus rating of “Moderate Buy” and an average price target of $26.39.

Coeur Mining Trading Up 5.3%

Shares of CDE opened at $15.41 on Friday. Coeur Mining, Inc. has a 12-month low of $8.56 and a 12-month high of $27.77. 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 firm has a market capitalization of $15.94 billion, a price-to-earnings ratio of 13.28 and a beta of 1.29. The stock’s 50-day moving average price is $16.61 and its 200 day moving average price is $19.37.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results 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 firm had revenue of $856.19 million during the quarter, compared to analyst estimates of $815.59 million. During the same period last year, the company earned $0.11 EPS. The company’s revenue was up 137.8% on a year-over-year basis. As a group, research analysts predict that Coeur Mining, Inc. will post 1.25 earnings per share for the current year.

Coeur Mining Dividend Announcement

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

Insider Activity at Coeur Mining

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of the company’s 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.90% of the company’s stock.

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.