Midwest Trust Co Makes New Investment in Coeur Mining, Inc. $CDE

Midwest Trust Co purchased a new stake in shares of Coeur Mining, Inc. (NYSE:CDE) in the first quarter, according to its most recent filing with the SEC. The firm purchased 34,768 shares of the basic materials company’s stock, valued at approximately $653,000.

Several other institutional investors have also modified their holdings of CDE. Triumph Capital Management boosted its position in Coeur Mining by 300.0% during the fourth quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 1,200 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Coeur Mining by 74.2% in 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 in the last quarter. Kingdom Financial Group LLC. acquired a new position in shares of Coeur Mining in the fourth quarter worth $32,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Coeur Mining in the fourth quarter valued at $33,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in shares of Coeur Mining in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on CDE shares. Scotiabank reiterated an “outperform” rating on shares of Coeur Mining in a research report on Tuesday. Roth Capital restated a “buy” rating and issued a $25.00 target price on shares of Coeur Mining in a report on Friday, May 8th. 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. Zacks Research downgraded shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a report on Friday, July 10th. Finally, Canaccord Genuity Group raised shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Coeur Mining presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.39.

Coeur Mining Price Performance

CDE opened at $16.02 on Wednesday. Coeur Mining, Inc. has a 1 year low of $8.56 and a 1 year high of $27.77. The company’s 50 day simple moving average is $17.43 and its 200 day simple moving average is $19.68. The stock has a market capitalization of $16.58 billion, a PE ratio of 13.81 and a beta of 1.29. 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 posted 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). The company 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 business’s revenue for the quarter was up 137.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.11 EPS. As a group, sell-side analysts expect that Coeur Mining, Inc. will post 1.39 EPS for the current year.

Coeur Mining Dividend Announcement

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

Insider Activity at Coeur Mining

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $18.60, for a total value of $725,400.00. Following the transaction, the chief accounting officer directly owned 77,204 shares of the company’s stock, valued at approximately $1,435,994.40. This trade represents a 33.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.90% of the stock is currently owned by insiders.

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.