Oxbow Advisors LLC purchased a new stake in Coeur Mining, Inc. (NYSE:CDE – Free Report) in the 1st quarter, Holdings Channel reports. The firm purchased 141,497 shares of the basic materials company’s stock, valued at approximately $2,656,000.
Other large investors have also modified their holdings of the company. Triumph Capital Management grew its holdings 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. Kingdom Financial Group LLC. acquired a new position in shares of Coeur Mining in the 4th quarter valued at $32,000. JPL Wealth Management LLC acquired a new position in shares of Coeur Mining in the 3rd quarter valued at $35,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Coeur Mining during the 4th quarter valued at $33,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in shares of Coeur Mining during the 4th quarter valued at $34,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have recently commented on CDE shares. Scotiabank assumed coverage on Coeur Mining in a report on Friday, June 12th. They set a “sector outperform” rating and a $27.50 price objective for the company. Cantor Fitzgerald downgraded Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a research report on Thursday, May 7th. BMO Capital Markets initiated coverage on Coeur Mining in a research note on Wednesday, March 25th. They set an “outperform” rating and a $27.00 price target for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Coeur Mining in a report on Wednesday, June 24th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Coeur Mining in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $26.28.
Coeur Mining Price Performance
Coeur Mining stock opened at $17.28 on Friday. Coeur Mining, Inc. has a 52-week low of $8.56 and a 52-week high of $27.77. The firm has a fifty day moving average of $17.74 and a 200-day moving average of $19.76. The firm has a market capitalization of $17.87 billion, a P/E ratio of 14.89 and a beta of 1.29. The company has a quick ratio of 2.14, a current ratio of 3.73 and a debt-to-equity ratio of 0.07.
Coeur Mining (NYSE:CDE – Get Free Report) last issued its earnings results on Wednesday, May 6th. The basic materials company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The business had revenue of $856.19 million during the quarter, compared to analysts’ expectations of $815.59 million. Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. The business’s revenue was up 137.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 EPS. As a group, analysts predict that Coeur Mining, Inc. will post 1.46 EPS for the current year.
Coeur Mining Dividend Announcement
The business also recently disclosed a dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd were given a $0.02 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a yield of 23.0%. Coeur Mining’s dividend payout ratio (DPR) is 3.45%.
Insider Activity at Coeur Mining
In other Coeur Mining news, CAO Kenneth J. Watkinson sold 39,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $18.60, for a total transaction of $725,400.00. Following the transaction, the chief accounting officer owned 77,204 shares in the company, valued at $1,435,994.40. The trade was 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. 0.90% of the stock is currently owned by corporate insiders.
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.
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