Baer Investment Advisory LLC Invests $669,000 in Coeur Mining, Inc. $CDE

Baer Investment Advisory LLC purchased a new stake in shares of Coeur Mining, Inc. (NYSE:CDE) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 35,634 shares of the basic materials company’s stock, valued at approximately $669,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Triumph Capital Management grew its position in Coeur Mining by 300.0% in the fourth quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 1,200 shares during the period. EverSource Wealth Advisors LLC raised its position in Coeur Mining by 74.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 1,435 shares during the period. Kingdom Financial Group LLC. acquired a new position in shares of Coeur Mining in the 4th quarter valued at $32,000. Kemnay Advisory Services Inc. acquired a new position in shares of Coeur Mining in the 4th quarter valued at $33,000. Finally, Transamerica Financial Advisors LLC acquired a new position in shares of Coeur Mining in the 4th quarter valued at $34,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Coeur Mining 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is currently owned by insiders.

Coeur Mining Stock Performance

Shares of Coeur Mining stock opened at $17.28 on Friday. The stock has a market capitalization of $17.87 billion, a price-to-earnings ratio of 14.89 and a beta of 1.29. 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 50-day moving average of $17.74 and a 200 day moving average of $19.76. Coeur Mining, Inc. has a 12 month low of $8.56 and a 12 month high of $27.77.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results 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 business had revenue of $856.19 million for 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%.The firm’s revenue for the quarter was up 137.8% on a year-over-year basis. During the same quarter last year, the company earned $0.11 earnings per share. As a group, sell-side analysts forecast that Coeur Mining, Inc. will post 1.46 earnings per share for the current year.

Coeur Mining Dividend Announcement

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

Analyst Upgrades and Downgrades

CDE has been the subject of a number of recent analyst reports. BMO Capital Markets began coverage on Coeur Mining in a research report on Wednesday, March 25th. They set an “outperform” rating and a $27.00 price objective for the company. Wall Street Zen cut shares of Coeur Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. ATB Cormark Capital Markets raised shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, March 24th. Cantor Fitzgerald cut shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a research report on Thursday, May 7th. Finally, Canadian Imperial Bank of Commerce started coverage on shares of Coeur Mining in a research note on Tuesday, March 10th. They issued an “outperform” rating and a $40.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $26.28.

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.