GK Wealth Management LLC Invests $663,000 in Coeur Mining, Inc. $CDE

GK Wealth Management LLC purchased a new position in Coeur Mining, Inc. (NYSE:CDE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 40,622 shares of the basic materials company’s stock, valued at approximately $663,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Versant Capital Management Inc increased its position in Coeur Mining by 105.0% in the second quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company’s stock worth $26,000 after buying an additional 820 shares during the period. Triumph Capital Management lifted its stake in Coeur Mining by 300.0% in the fourth quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock valued at $29,000 after buying an additional 1,200 shares during the last quarter. EverSource Wealth Advisors LLC boosted 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 acquiring an additional 1,435 shares during the period. Kingdom Financial Group LLC. acquired a new position in shares of Coeur Mining during the fourth quarter valued at $32,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Coeur Mining during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of the firm’s 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 completion of the transaction, the chief accounting officer owned 77,204 shares of the company’s stock, valued at $1,435,994.40. This trade represents a 33.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.90% of the stock is owned by corporate insiders.

Coeur Mining Stock Performance

CDE opened at $16.24 on Wednesday. The company has a market capitalization of $16.80 billion, a price-to-earnings ratio of 14.00 and a beta of 1.32. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.73 and a quick ratio of 2.14. Coeur Mining, Inc. has a 1-year low of $9.11 and a 1-year high of $27.77. The business has a 50 day moving average price of $16.47 and a two-hundred day moving average price of $19.25.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share (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 firm had revenue of $856.19 million for the quarter, compared to the consensus estimate of $815.59 million. During the same period in the previous year, the business posted $0.11 earnings per share. The business’s revenue for the quarter was up 137.8% compared to the same quarter last year. Research analysts predict that Coeur Mining, Inc. will post 1.25 EPS for the current fiscal 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 $0.02 dividend. The ex-dividend date was Friday, May 22nd. This represents a dividend yield of 23.0%. Coeur Mining’s dividend payout ratio is 3.45%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Cantor Fitzgerald cut shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a report on Thursday, May 7th. Roth Capital reissued a “buy” rating and set a $25.00 target price on shares of Coeur Mining in a research note on Friday, May 8th. Scotiabank restated an “outperform” rating and issued a $28.50 target price on shares of Coeur Mining in a research report on Tuesday, July 14th. Weiss Ratings restated a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, June 24th. Finally, Zacks Research cut Coeur Mining from a “hold” rating to a “strong sell” rating in a report on Friday, July 10th. 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $26.39.

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.