L & S Advisors Inc Takes $2.09 Million Position in Coeur Mining, Inc. $CDE

L & S Advisors Inc bought a new position in shares of Coeur Mining, Inc. (NYSE:CDE) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 117,118 shares of the basic materials company’s stock, valued at approximately $2,088,000.

Other large investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in Coeur Mining by 74.2% during 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. Covestor Ltd increased its stake in Coeur Mining by 7,011.5% during the 3rd quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock worth $35,000 after buying an additional 1,823 shares during the period. JPL Wealth Management LLC purchased a new stake in Coeur Mining during the 3rd quarter worth approximately $35,000. Lodestone Wealth Management LLC purchased a new stake in Coeur Mining during the 4th quarter worth approximately $36,000. Finally, Sound Income Strategies LLC increased its stake in Coeur Mining by 99.2% during the 4th quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company’s stock worth $36,000 after buying an additional 996 shares during the period. 63.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Roth Mkm reaffirmed a “buy” rating and set a $25.00 target price on shares of Coeur Mining in a research note on Friday, May 8th. 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 research note on Wednesday, April 29th. Royal Bank Of Canada upped their target price on shares of Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Weiss Ratings lowered shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 27th. Finally, Canadian Imperial Bank of Commerce began coverage on shares of Coeur Mining in a research note on Tuesday, March 10th. They set an “outperform” rating and a $40.00 target price on the stock. Two 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.56.

Coeur Mining Stock Performance

Shares of CDE opened at $17.60 on Monday. The stock has a 50 day moving average price of $19.35 and a 200 day moving average price of $19.38. The company has a quick ratio of 2.14, a current ratio of 3.73 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $18.21 billion, a price-to-earnings ratio of 15.17 and a beta of 1.24. 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 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $856.19 million during the quarter, compared to analyst estimates of $815.59 million. Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. Coeur Mining’s revenue was up 137.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 earnings per share. Research analysts predict that Coeur Mining, Inc. will post 1.46 EPS for the current fiscal year.

Coeur Mining Announces Dividend

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

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.