Crescent Grove Advisors LLC Takes Position in Coeur Mining, Inc. $CDE

Crescent Grove Advisors LLC purchased a new stake in Coeur Mining, Inc. (NYSE:CDE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 35,400 shares of the basic materials company’s stock, valued at approximately $631,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 buying an additional 1,435 shares during the period. Kingdom Financial Group LLC. purchased a new position in shares of Coeur Mining during the fourth quarter valued at $32,000. JPL Wealth Management LLC purchased a new position in shares of Coeur Mining during the third quarter valued at $35,000. Lodestone Wealth Management LLC bought a new stake in shares of Coeur Mining in the fourth quarter valued at about $36,000. Finally, Sound Income Strategies LLC raised its holdings in shares of Coeur Mining by 99.2% in the fourth quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 996 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Insider Activity at Coeur Mining

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of the stock in a transaction that occurred 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 completion of the transaction, 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 this hyperlink. 0.90% of the stock is owned by insiders.

Coeur Mining Stock Performance

Shares of CDE stock opened at $18.53 on Friday. Coeur Mining, Inc. has a 12-month low of $8.46 and a 12-month high of $27.77. The business’s fifty day simple moving average is $18.66 and its 200-day simple moving average is $19.63. 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 cap of $19.17 billion, a PE ratio of 15.97 and a beta of 1.25.

Coeur Mining (NYSE:CDE) last announced its earnings results 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 business had revenue of $856.19 million for the quarter, compared to analyst estimates of $815.59 million. During the same period in the prior year, the company earned $0.11 earnings per share. The company’s quarterly revenue was up 137.8% on a year-over-year basis. Analysts expect that Coeur Mining, Inc. will post 1.46 earnings per share for the current fiscal year.

Coeur Mining Announces Dividend

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

Analyst Ratings Changes

Several research analysts have issued reports on CDE shares. Canaccord Genuity Group upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Wednesday, April 29th. Royal Bank Of Canada upped their price target on shares of Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Roth Mkm reiterated a “buy” rating and set a $25.00 price objective on shares of Coeur Mining in a research note on Friday, May 8th. Weiss Ratings lowered shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 27th. Finally, Cantor Fitzgerald downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective for the company. in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.56.

Coeur Mining Company 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.