Coeur Mining, Inc. (NYSE:CDE - Get Free Report) EVP Aoife Mcgrath bought 635 shares of the business's stock in a transaction on Friday, June 12th. The stock was bought 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 directly owned 184,653 shares in the company, valued at approximately $3,129,868.35. The trade was a 0.35% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Coeur Mining Stock Up 0.8%
Shares of NYSE:CDE opened at $18.81 on Wednesday. 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 company has a market capitalization of $19.46 billion, a price-to-earnings ratio of 16.22 and a beta of 1.25. The business has a 50-day moving average price of $18.51 and a 200 day moving average price of $19.75. Coeur Mining, Inc. has a 12-month low of $8.46 and a 12-month high of $27.77.
Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings data 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). 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 analyst estimates of $815.59 million. During the same quarter in the previous year, the business posted $0.11 earnings per share. The firm's revenue was up 137.8% on a year-over-year basis. Sell-side analysts expect that Coeur Mining, Inc. will post 1.46 EPS for the current year.
Coeur Mining Dividend Announcement
The company also recently announced a dividend, which was paid on Wednesday, June 10th. Stockholders 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 (DPR) is 3.45%.
Institutional Trading of Coeur Mining
Institutional investors have recently added to or reduced their stakes in the business. Triumph Capital Management raised its position in Coeur Mining by 300.0% in the fourth 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 during the period. EverSource Wealth Advisors LLC boosted 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 worth $30,000 after acquiring an additional 1,435 shares during the period. Kingdom Financial Group LLC. purchased a new stake in shares of Coeur Mining during the fourth quarter valued at approximately $32,000. Kemnay Advisory Services Inc. purchased a new stake in Coeur Mining during the 4th quarter worth $33,000. Finally, Transamerica Financial Advisors LLC purchased a new position in Coeur Mining in the 4th quarter valued at about $34,000. 63.01% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on CDE. 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. 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. BMO Capital Markets assumed coverage on shares of Coeur Mining in a research note on Wednesday, March 25th. They issued an "outperform" rating and a $27.00 price objective for the company. Scotiabank assumed coverage on shares of Coeur Mining in a research note on Friday, June 12th. They issued a "sector outperform" rating and a $27.50 price objective for the company. Finally, 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. 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. According to data from MarketBeat, Coeur Mining presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.28.
Check Out Our Latest Stock Analysis on CDE
About Coeur Mining
(
Get Free Report)
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.
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