Coeur Mining, Inc. $CDE Shares Purchased by Kestra Advisory Services LLC

Kestra Advisory Services LLC increased its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 187.4% in the 1st quarter, Holdings Channel reports. The firm owned 99,601 shares of the basic materials company’s stock after purchasing an additional 64,947 shares during the period. Kestra Advisory Services LLC’s holdings in Coeur Mining were worth $1,870,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. purchased a new position in Coeur Mining in the 1st quarter valued at $36,184,000. Resona Asset Management Co. Ltd. purchased a new stake in shares of Coeur Mining during the first quarter worth $5,521,000. Cvfg LLC acquired a new stake in shares of Coeur Mining in the first quarter valued at about $2,320,000. Abel Hall LLC raised its position in shares of Coeur Mining by 32.8% in the first quarter. Abel Hall LLC now owns 51,445 shares of the basic materials company’s stock valued at $966,000 after buying an additional 12,704 shares during the last quarter. Finally, Bogart Wealth LLC lifted its stake in shares of Coeur Mining by 206.9% in the first quarter. Bogart Wealth LLC now owns 9,804 shares of the basic materials company’s stock worth $184,000 after buying an additional 6,609 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CDE has been the topic of a number of recent research reports. Canaccord Genuity Group upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Wednesday, April 29th. BMO Capital Markets began coverage on shares of Coeur Mining in a report on Wednesday, March 25th. They issued an “outperform” rating and a $27.00 price objective for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, June 24th. ATB Cormark Capital Markets upgraded Coeur Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, March 24th. Finally, Scotiabank restated an “outperform” rating and issued a $28.50 price target on shares of Coeur Mining in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Coeur Mining presently has an average rating of “Moderate Buy” and a consensus price target of $26.39.

Insider Transactions at Coeur Mining

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $18.60, for a total transaction of $725,400.00. Following the transaction, the chief accounting officer owned 77,204 shares of the company’s stock, valued at approximately $1,435,994.40. This represents a 33.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.

Coeur Mining Stock Down 1.3%

Coeur Mining stock opened at $14.17 on Tuesday. The company has a market capitalization of $14.66 billion, a PE ratio of 12.21 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, Inc. has a fifty-two week low of $8.56 and a fifty-two week high of $27.77. The firm has a 50 day moving average price of $17.11 and a 200 day moving average price of $19.57.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results 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 firm 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 earned $0.11 earnings per share. The firm’s revenue for the quarter was up 137.8% on a year-over-year basis. Research analysts expect that Coeur Mining, Inc. will post 1.38 earnings per share for the current year.

Coeur Mining Announces Dividend

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

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.