34,639 Shares in Coeur Mining, Inc. $CDE Acquired by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC acquired a new stake in Coeur Mining, Inc. (NYSE:CDE) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 34,639 shares of the basic materials company’s stock, valued at approximately $650,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Triumph Capital Management raised its stake in shares of 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 buying an additional 1,200 shares during the period. Kingdom Financial Group LLC. bought a new position in shares of Coeur Mining during the 4th quarter worth $32,000. JPL Wealth Management LLC bought a new position in shares of Coeur Mining during the 3rd quarter worth $35,000. Kemnay Advisory Services Inc. purchased a new stake in Coeur Mining in the 4th quarter worth about $33,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in Coeur Mining in the 4th quarter worth about $34,000. 63.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CDE. Roth Mkm restated a “buy” rating and issued a $25.00 price objective on shares of Coeur Mining in a research note on Friday, May 8th. Scotiabank initiated coverage on shares of Coeur Mining in a research report on Friday, June 12th. They set a “sector outperform” rating and a $27.50 target price for the company. BMO Capital Markets assumed coverage on shares of Coeur Mining in a research note on Wednesday, March 25th. They issued an “outperform” rating and a $27.00 target price for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Coeur Mining in a research report on Wednesday, June 24th. Finally, ATB Cormark Capital Markets upgraded shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, March 24th. One equities research 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.28.

Insider Buying and Selling at Coeur Mining

In other news, CAO Kenneth J. Watkinson sold 39,000 shares of the company’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 sale, the chief accounting officer directly owned 77,204 shares in the company, valued at $1,435,994.40. This represents a 33.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.90% of the stock is currently owned by corporate insiders.

Coeur Mining Price Performance

Coeur Mining stock opened at $17.28 on Friday. The firm has a market capitalization of $17.87 billion, a P/E ratio of 14.89 and a beta of 1.29. Coeur Mining, Inc. has a one year low of $8.56 and a one year high of $27.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.73 and a quick ratio of 2.14. The business has a fifty day moving average price of $17.74 and a 200-day moving average price of $19.76.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share (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 the consensus estimate 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 for the quarter was up 137.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 earnings per share. As a group, equities research analysts forecast that Coeur Mining, Inc. will post 1.46 EPS for the current year.

Coeur Mining Dividend Announcement

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

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.