Coeur Mining, Inc. (CDE) To Go Ex-Dividend on May 22nd

Coeur Mining, Inc. (NYSE:CDE) declared a dividend on Wednesday, May 13th. Shareholders of record on Monday, May 25th will be given a dividend of 0.02 per share by the basic materials company on Wednesday, June 10th. This represents a yield of 20.0%. The ex-dividend date of this dividend is Friday, May 22nd.

Coeur Mining Stock Down 4.1%

Coeur Mining stock opened at $16.77 on Wednesday. The stock has a market cap of $17.35 billion, a price-to-earnings ratio of 14.46 and a beta of 1.24. The company has a current ratio of 3.73, a quick ratio of 2.14 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average price is $19.13 and its two-hundred day moving average price is $19.36. Coeur Mining has a 52 week low of $7.42 and a 52 week 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 for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. 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 previous year, the company posted $0.11 earnings per share. Coeur Mining’s revenue was up 137.8% compared to the same quarter last year. On average, analysts expect that Coeur Mining will post 1.46 EPS for the current fiscal year.

Institutional Trading of Coeur Mining

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP raised its holdings in Coeur Mining by 20.9% during the 4th quarter. Allworth Financial LP now owns 2,994 shares of the basic materials company’s stock worth $53,000 after buying an additional 517 shares during the period. Grand Central Investment Group raised its holdings in Coeur Mining by 1.5% during the 1st quarter. Grand Central Investment Group now owns 40,514 shares of the basic materials company’s stock worth $760,000 after buying an additional 612 shares during the period. Sanctuary Advisors LLC raised its holdings in Coeur Mining by 7.5% during the 1st quarter. Sanctuary Advisors LLC now owns 11,809 shares of the basic materials company’s stock worth $222,000 after buying an additional 820 shares during the period. Baader Bank Aktiengesellschaft raised its holdings in Coeur Mining by 2.8% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 34,090 shares of the basic materials company’s stock worth $608,000 after buying an additional 935 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in Coeur Mining by 32.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 3,895 shares of the basic materials company’s stock worth $73,000 after buying an additional 957 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

About Coeur Mining

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.