Trek Financial LLC Makes New Investment in Coeur Mining, Inc. $CDE

Trek Financial LLC purchased a new position in Coeur Mining, Inc. (NYSE:CDE) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 32,768 shares of the basic materials company’s stock, valued at approximately $584,000.

Other institutional investors and hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in shares of Coeur Mining by 74.2% during 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. Covestor Ltd increased its position in shares of Coeur Mining by 7,011.5% during the third quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 1,823 shares during the period. JPL Wealth Management LLC bought a new stake in shares of Coeur Mining during the third quarter valued at approximately $35,000. Lodestone Wealth Management LLC bought a new stake in shares of Coeur Mining during the fourth quarter valued at approximately $36,000. Finally, Sound Income Strategies LLC increased its position in shares of Coeur Mining by 99.2% during the fourth quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 996 shares during the period. 63.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CDE has been the topic of a number of research reports. Cantor Fitzgerald cut Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a research report on Thursday, May 7th. Roth Mkm restated a “buy” rating and set a $25.00 price objective on shares of Coeur Mining in a research report on Friday, May 8th. Royal Bank Of Canada boosted their price objective on Coeur Mining from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. 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 research note on Wednesday, April 29th. Finally, Weiss Ratings lowered Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 27th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Coeur Mining presently has a consensus rating of “Moderate Buy” and an average price target of $24.56.

Coeur Mining Price Performance

Coeur Mining stock opened at $19.78 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.14 and a current ratio of 3.73. The firm has a market cap of $12.70 billion, a P/E ratio of 17.05 and a beta of 1.24. The business’s fifty day moving average is $19.57 and its two-hundred day moving average is $19.37. Coeur Mining, Inc. has a 52 week low of $7.15 and a 52 week high of $27.77.

Coeur Mining (NYSE:CDE) last posted 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). Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.The business had revenue of $856.19 million during the quarter, compared to analyst estimates of $815.59 million. During the same period in the prior year, the firm posted $0.11 EPS. Coeur Mining’s revenue for the quarter was up 137.8% compared to the same quarter last year. Equities research analysts forecast that Coeur Mining, Inc. will post 1.46 earnings per share for the current fiscal year.

Coeur Mining Announces Dividend

The company also recently declared a dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 25th will be paid a dividend of $0.02 per share. This represents a dividend yield of 20.0%. The ex-dividend date of this dividend is Friday, May 22nd.

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.