Coeur Mining (NYSE:CDE) EVP Buys $10,763.25 in Stock

Coeur Mining, Inc. (NYSE:CDE) EVP Aoife Mcgrath bought 635 shares of Coeur Mining stock in a transaction on Friday, June 12th. The shares were purchased at an average cost of $16.95 per share, for a total transaction of $10,763.25. Following the acquisition, the executive vice president owned 184,653 shares in the company, valued at $3,129,868.35. The trade was a 0.35% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Coeur Mining Stock Performance

CDE stock opened at $17.53 on Friday. 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 firm has a market cap of $18.13 billion, a P/E ratio of 15.11 and a beta of 1.25. Coeur Mining, Inc. has a 12-month low of $8.46 and a 12-month high of $27.77. The stock’s 50 day simple moving average is $18.45 and its 200 day simple moving average is $19.77.

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 analysts’ consensus estimates of $0.37 by ($0.01). The business had revenue of $856.19 million during 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 business’s revenue for the quarter was up 137.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 EPS. As a group, equities research analysts predict that Coeur Mining, Inc. will post 1.46 EPS for the current year.

Coeur Mining Announces Dividend

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

Wall Street Analyst Weigh In

CDE has been the subject of a number of research reports. Wall Street Zen downgraded Coeur Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Roth Mkm reiterated a “buy” rating and set a $25.00 price target on shares of Coeur Mining in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce began coverage on Coeur Mining in a report on Tuesday, March 10th. They issued an “outperform” rating and a $40.00 price target on the stock. Canaccord Genuity Group upgraded Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, April 29th. Finally, Cantor Fitzgerald cut Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.28.

Institutional Investors Weigh In On Coeur Mining

Several large investors have recently made changes to their positions in the company. Allworth Financial LP grew its holdings in Coeur Mining by 20.9% in the 4th quarter. Allworth Financial LP now owns 2,994 shares of the basic materials company’s stock worth $53,000 after buying an additional 517 shares in the last quarter. Grand Central Investment Group raised its stake in shares of Coeur Mining by 1.5% during the first quarter. Grand Central Investment Group now owns 40,514 shares of the basic materials company’s stock valued at $760,000 after purchasing an additional 612 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in Coeur Mining by 7.5% in the first quarter. Sanctuary Advisors LLC now owns 11,809 shares of the basic materials company’s stock worth $222,000 after purchasing an additional 820 shares during the period. Baader Bank Aktiengesellschaft grew its position in Coeur Mining by 2.8% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 34,090 shares of the basic materials company’s stock valued at $608,000 after buying an additional 935 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in Coeur Mining by 32.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 3,895 shares of the basic materials company’s stock valued at $73,000 after buying an additional 957 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

About Coeur Mining

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.