Coeur Mining, Inc. $CDE Shares Bought by Allspring Global Investments Holdings LLC

Key Points

• Allspring increased its Coeur Mining stake by 7.6% in the third quarter, adding 315,292 shares to reach about 4.47 million shares, or 0.43% of the company.
• Coeur reported quarterly EPS of $0.10, below the $0.14 analyst estimate, and revenue of $983.6 million, below the $1.14 billion forecast. Revenue was nevertheless up 77.4% from a year earlier.
• Analysts’ consensus rating was Moderate Buy, with an average price target of $25.25. Company insiders sold a combined 51,000 shares over the past 90 days.

Allspring Global Investments Holdings LLC boosted its stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 7.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,469,578 shares of the basic materials company's stock after purchasing an additional 315,292 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.43% of Coeur Mining worth $78,521,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its stake in shares of Coeur Mining by 92.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 27,981,273 shares of the basic materials company's stock valued at $524,669,000 after purchasing an additional 13,418,041 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Coeur Mining in the second quarter worth about $104,760,000. Renaissance Technologies LLC raised its position in shares of Coeur Mining by 889.6% in the first quarter. Renaissance Technologies LLC now owns 6,870,813 shares of the basic materials company's stock worth $128,965,000 after acquiring an additional 6,176,524 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Coeur Mining by 34.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 12,872,677 shares of the basic materials company's stock worth $241,484,000 after acquiring an additional 3,291,431 shares in the last quarter. Finally, Amundi grew its position in shares of Coeur Mining by 107.0% during the 1st quarter. Amundi now owns 6,164,731 shares of the basic materials company's stock valued at $115,712,000 after acquiring an additional 3,186,761 shares during the period. Hedge funds and other institutional investors own 63.01% of the company's stock.

Insider Buying and Selling

In other Coeur Mining news, Director J. Kenneth Thompson sold 25,000 shares of the business's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $20.77, for a total transaction of $519,250.00. Following the transaction, the director owned 257,333 shares of the company's stock, valued at approximately $5,344,806.41. The trade was a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Casey Nault sold 10,000 shares of the business's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $20.00, for a total transaction of $200,000.00. Following the transaction, the executive vice president directly owned 540,086 shares in the company, valued at approximately $10,801,720. The trade was a 1.82% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 51,000 shares of company stock worth $1,055,070. 0.90% of the stock is owned by corporate insiders.

Coeur Mining Stock Performance

Shares of NYSE:CDE opened at $16.48 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.65 and a quick ratio of 2.44. The business's 50 day moving average price is $17.33 and its 200-day moving average price is $18.73. The firm has a market capitalization of $16.94 billion, a PE ratio of 18.94 and a beta of 1.46. Coeur Mining, Inc. has a 1 year low of $12.71 and a 1 year high of $27.77.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The basic materials company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.04). Coeur Mining had a net margin of 19.25% and a return on equity of 8.72%. The firm had revenue of $983.62 million during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the company posted $0.23 earnings per share. The firm's revenue for the quarter was up 77.4% compared to the same quarter last year. As a group, equities research analysts expect that Coeur Mining, Inc. will post 0.78 earnings per share for the current fiscal year.

Coeur Mining Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, December 16th. Investors of record on Monday, November 30th will be issued a $0.02 dividend. This represents a dividend yield of 27.0%. The ex-dividend date of this dividend is Monday, November 30th. Coeur Mining's dividend payout ratio (DPR) is currently 4.60%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Needham & Company LLC set a $23.50 price target on Coeur Mining in a report on Monday. New Street Research set a $23.50 price objective on Coeur Mining in a report on Monday. Roth Capital set a $19.00 price target on shares of Coeur Mining in a research note on Friday, August 7th. Zacks Research raised shares of Coeur Mining from a "strong sell" rating to a "hold" rating in a report on Monday, August 17th. Finally, Weiss Ratings cut shares of Coeur Mining from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, October 27th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $25.25.

Coeur Mining Company Profile

Coeur Mining, Inc is a precious metals producer focused on the exploration, development and operation of mines. The company primarily produces silver and gold, with its output also including related metals.

Coeur operates mines in the United States and Mexico. Its portfolio includes silver-and-gold operations as well as gold-focused mines, and the company also conducts exploration to identify and develop mineral resources.

Founded in 1928, Coeur Mining is headquartered in Chicago.

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