Sheets Smith Wealth Management Makes New Investment in Coeur Mining, Inc. $CDE

Sheets Smith Wealth Management bought a new stake in shares of Coeur Mining, Inc. (NYSE:CDE) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 79,741 shares of the basic materials company’s stock, valued at approximately $1,497,000.

Several other hedge funds also recently modified their holdings of CDE. Polianta Ltd acquired a new position in Coeur Mining in the first quarter valued at approximately $1,642,000. E. Ohman J or Asset Management AB acquired a new stake in Coeur Mining during the 1st quarter worth $601,000. Diversified Trust Co grew its holdings in Coeur Mining by 30.0% during the 1st quarter. Diversified Trust Co now owns 125,692 shares of the basic materials company’s stock worth $2,359,000 after acquiring an additional 29,028 shares during the period. Baron Wealth Management LLC bought a new stake in shares of Coeur Mining during the 1st quarter valued at $222,000. Finally, Up Capital Management Inc. bought a new stake in shares of Coeur Mining during the 4th quarter valued at $228,000. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Up 0.1%

Coeur Mining stock opened at $17.53 on Friday. The company has a 50 day moving average of $18.41 and a 200-day moving average of $19.75. 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, Inc. has a twelve month low of $8.46 and a twelve month high of $27.77. The stock has a market capitalization of $18.13 billion, a PE ratio of 15.11 and a beta of 1.25.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data 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 company had revenue of $856.19 million for the quarter, compared to analyst estimates of $815.59 million. Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.The company’s revenue was up 137.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 earnings per share. On average, equities research analysts anticipate that Coeur Mining, Inc. will post 1.46 EPS for the current fiscal year.

Coeur Mining Dividend Announcement

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

Insider Activity at Coeur Mining

In other news, CAO Kenneth J. Watkinson sold 39,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $18.60, for a total value of $725,400.00. Following the sale, the chief accounting officer owned 77,204 shares of the company’s stock, 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 can be accessed through the SEC website. 0.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CDE shares. Cantor Fitzgerald lowered Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price target on the stock. in a research report on Thursday, May 7th. Wall Street Zen downgraded Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. BMO Capital Markets began coverage on Coeur Mining in a report on Wednesday, March 25th. They set an “outperform” rating and a $27.00 target price on the stock. Weiss Ratings lowered Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 27th. Finally, Canaccord Genuity Group upgraded shares of 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 analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.28.

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.