Coeur Mining (NYSE:CDE) EVP Aoife Mcgrath Purchases 635 Shares

Coeur Mining, Inc. (NYSE:CDE) EVP Aoife Mcgrath purchased 635 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were purchased at an average cost of $16.95 per share, with a total value of $10,763.25. Following the completion of the purchase, the executive vice president owned 184,653 shares in the company, valued at $3,129,868.35. This trade represents a 0.35% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Coeur Mining Stock Up 0.8%

Shares of Coeur Mining stock opened at $18.81 on Wednesday. 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 1 year low of $8.46 and a 1 year high of $27.77. The firm’s 50-day moving average is $18.51 and its two-hundred day moving average is $19.75. The stock has a market cap of $19.46 billion, a price-to-earnings ratio of 16.22 and a beta of 1.25.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company 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% compared to the same quarter last year. During the same period last year, the business posted $0.11 EPS. As a group, research analysts expect that Coeur Mining, Inc. will post 1.46 earnings per share for the current fiscal year.

Coeur Mining Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd were issued 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 (DPR) is currently 3.45%.

Hedge Funds Weigh In On Coeur Mining

Several hedge funds and other institutional investors have recently made changes to their positions in CDE. Triumph Capital Management lifted its holdings in Coeur Mining by 300.0% in the 4th quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 1,200 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Coeur Mining by 74.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after buying an additional 1,435 shares in the last quarter. Kingdom Financial Group LLC. acquired a new stake in Coeur Mining in the 4th quarter valued at about $32,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Coeur Mining in the fourth quarter valued at approximately $33,000. Finally, Transamerica Financial Advisors LLC acquired a new position in Coeur Mining during the fourth quarter worth $34,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Zacks Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. Canaccord Genuity Group raised Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Wednesday, April 29th. Roth Mkm reiterated a “buy” rating and issued a $25.00 target price on shares of Coeur Mining in a research note on Friday, May 8th. Weiss Ratings cut shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 27th. Finally, Scotiabank started coverage on shares of Coeur Mining in a research note on Friday, June 12th. They issued a “sector outperform” rating and a $27.50 target price for the company. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $26.28.

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.