Sierra Summit Advisors LLC Takes $929,000 Position in Coeur Mining, Inc. $CDE

Sierra Summit Advisors LLC bought a new stake in shares of Coeur Mining, Inc. (NYSE:CDE) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 52,086 shares of the basic materials company’s stock, valued at approximately $929,000.

Other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings 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 last quarter. Covestor Ltd boosted 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 worth $35,000 after buying an additional 1,823 shares during the period. JPL Wealth Management LLC acquired a new position in shares of Coeur Mining during the third quarter worth approximately $35,000. Lodestone Wealth Management LLC acquired a new position in shares of Coeur Mining during the fourth quarter worth approximately $36,000. Finally, Sound Income Strategies LLC boosted 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 worth $36,000 after buying an additional 996 shares during the period. 63.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CDE. Cantor Fitzgerald downgraded Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective for the company. in a research report on Thursday, May 7th. ATB Cormark Capital Markets upgraded Coeur Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, March 24th. Roth Mkm reiterated a “buy” rating and set a $25.00 price objective on shares of Coeur Mining in a research report on Friday, May 8th. Zacks Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada boosted their price objective on Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $24.56.

Coeur Mining Price Performance

Shares of NYSE:CDE opened at $17.76 on Thursday. Coeur Mining, Inc. has a one year low of $7.54 and a one year high of $27.77. The stock has a fifty day moving average of $19.03 and a 200-day moving average of $19.36. The company has a market capitalization of $18.37 billion, a PE ratio of 15.31 and a beta of 1.24. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.14 and a current ratio of 3.73.

Coeur Mining (NYSE:CDE) last announced 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 net margin of 31.15% and a return on equity of 15.38%. The company had revenue of $856.19 million for the quarter, compared to analyst estimates of $815.59 million. During the same quarter last year, the company posted $0.11 EPS. Coeur Mining’s revenue was up 137.8% on a year-over-year basis. As a group, equities analysts anticipate that Coeur Mining, Inc. will post 1.46 EPS for the current fiscal year.

Coeur Mining Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 25th will be given a dividend of $0.02 per share. This represents a dividend yield of 20.0%. The ex-dividend date 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.