RFG Advisory LLC Purchases 52,571 Shares of Coeur Mining, Inc. $CDE

RFG Advisory LLC lifted its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 342.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67,913 shares of the basic materials company’s stock after buying an additional 52,571 shares during the quarter. RFG Advisory LLC’s holdings in Coeur Mining were worth $1,275,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Triumph Capital Management grew 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 in the last quarter. EverSource Wealth Advisors LLC boosted 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 valued at $30,000 after buying an additional 1,435 shares during the period. Kingdom Financial Group LLC. bought a new stake in shares of Coeur Mining in the fourth quarter valued at approximately $32,000. Kemnay Advisory Services Inc. acquired a new stake in Coeur Mining during the fourth quarter worth approximately $33,000. Finally, Transamerica Financial Advisors LLC bought a new position in Coeur Mining during the 4th quarter worth $34,000. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Roth Mkm reaffirmed a “buy” rating and set a $25.00 price objective on shares of Coeur Mining in a research report on Friday, May 8th. Wall Street Zen downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Canadian Imperial Bank of Commerce assumed coverage on Coeur Mining in a report on Tuesday, March 10th. They issued an “outperform” rating and a $40.00 target price on the stock. Cantor Fitzgerald cut Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a report on Thursday, May 7th. Finally, ATB Cormark Capital Markets raised Coeur Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Coeur Mining has an average rating of “Moderate Buy” and a consensus price target of $26.28.

Coeur Mining Stock Performance

Shares of CDE stock opened at $16.04 on Friday. The company has a market cap of $16.59 billion, a price-to-earnings ratio of 13.83 and a beta of 1.25. Coeur Mining, Inc. has a 52 week low of $8.46 and a 52 week 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 50 day moving average of $18.01 and a 200-day moving average of $19.75.

Coeur Mining (NYSE:CDE) last released 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 firm had revenue of $856.19 million for the quarter, compared to the consensus estimate of $815.59 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The company’s revenue was up 137.8% compared to the same quarter last year. On average, equities analysts forecast that Coeur Mining, Inc. will post 1.46 earnings per share for the current year.

Coeur Mining Announces Dividend

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

Insider Activity at Coeur Mining

In other news, CAO Kenneth J. Watkinson sold 39,000 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer directly owned 77,204 shares of the company’s stock, valued at $1,435,994.40. This trade represents a 33.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.90% of the company’s stock.

Coeur Mining 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.