Cvfg LLC Invests $2.32 Million in Coeur Mining, Inc. $CDE

Cvfg LLC bought a new position in Coeur Mining, Inc. (NYSE:CDE) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 123,599 shares of the basic materials company’s stock, valued at approximately $2,320,000.

Other hedge funds have also bought and sold shares of the company. Abel Hall LLC increased its position in Coeur Mining by 32.8% in the first quarter. Abel Hall LLC now owns 51,445 shares of the basic materials company’s stock worth $966,000 after buying an additional 12,704 shares in the last quarter. Bogart Wealth LLC lifted its position in shares of Coeur Mining by 206.9% during the 1st quarter. Bogart Wealth LLC now owns 9,804 shares of the basic materials company’s stock valued at $184,000 after buying an additional 6,609 shares in the last quarter. DGS Capital Management LLC bought a new position in shares of Coeur Mining during the 1st quarter valued at approximately $334,000. AdvisorShares Investments LLC purchased a new stake in Coeur Mining in the 1st quarter worth approximately $450,000. Finally, Revisor Wealth Management LLC increased its holdings in Coeur Mining by 107.2% in the 1st quarter. Revisor Wealth Management LLC now owns 21,962 shares of the basic materials company’s stock worth $412,000 after acquiring an additional 11,365 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 firm’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 completion of the transaction, the chief accounting officer directly owned 77,204 shares of the company’s stock, valued at approximately $1,435,994.40. This trade represents a 33.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Coeur Mining Stock Down 5.6%

CDE opened at $16.04 on Wednesday. The company has a market capitalization of $16.59 billion, a PE ratio of 13.83 and a beta of 1.29. The firm has a 50-day simple moving average of $17.64 and a two-hundred day simple moving average of $19.77. 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 52 week low of $8.56 and a 52 week high of $27.77.

Coeur Mining (NYSE:CDE) last posted 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 firm had revenue of $856.19 million during the quarter, compared to analysts’ expectations of $815.59 million. Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.Coeur Mining’s quarterly revenue was up 137.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 earnings per share. Analysts forecast that Coeur Mining, Inc. will post 1.46 earnings per share for the current fiscal 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 given a dividend of $0.02 per share. This represents a dividend yield of 23.0%. The ex-dividend date was Friday, May 22nd. Coeur Mining’s dividend payout ratio is currently 3.45%.

Analysts Set New Price Targets

A number of research firms have weighed in on CDE. ATB Cormark Capital Markets upgraded shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, March 24th. Canadian Imperial Bank of Commerce started coverage on shares of Coeur Mining in a research report on Tuesday, March 10th. They set an “outperform” rating and a $40.00 price objective on the stock. Wall Street Zen downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, June 24th. Finally, Canaccord Genuity Group raised Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.