Empowered Funds LLC Has $19.91 Million Stake in Coeur Mining, Inc. $CDE

Empowered Funds LLC increased its position in Coeur Mining, Inc. (NYSE:CDE) by 686.5% in the 1st quarter, Holdings Channel reports. The firm owned 1,060,907 shares of the basic materials company’s stock after buying an additional 926,013 shares during the quarter. Empowered Funds LLC’s holdings in Coeur Mining were worth $19,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of CDE. Triumph Capital Management raised its stake in shares of Coeur Mining by 300.0% in the 4th 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 in the last quarter. EverSource Wealth Advisors LLC increased its stake in Coeur Mining by 74.2% in 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. bought a new stake in Coeur Mining in the fourth quarter valued at about $32,000. Kemnay Advisory Services Inc. acquired a new position in Coeur Mining in the fourth quarter worth about $33,000. Finally, Transamerica Financial Advisors LLC acquired a new position in Coeur Mining in the fourth quarter worth about $34,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Trading Down 3.0%

Shares of CDE stock opened at $14.90 on Wednesday. The company has a market capitalization of $15.42 billion, a P/E ratio of 12.85 and a beta of 1.29. Coeur Mining, Inc. has a 12-month low of $8.56 and a 12-month high of $27.77. The company has a quick ratio of 2.14, a current ratio of 3.73 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average price of $16.72 and a 200 day moving average price of $19.44.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $856.19 million for the quarter, compared to the consensus estimate of $815.59 million. Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.Coeur Mining’s quarterly revenue was up 137.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.11 earnings per share. Research analysts forecast that Coeur Mining, Inc. will post 1.25 earnings per share for the current fiscal year.

Coeur Mining Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CDE shares. Roth Capital reaffirmed a “buy” rating and set a $25.00 price objective on shares of Coeur Mining in a report on Friday, May 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Coeur Mining in a report on Wednesday, June 24th. Canaccord Genuity Group upgraded Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Wednesday, April 29th. Cantor Fitzgerald lowered Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price target on the stock. in a research note on Thursday, May 7th. Finally, Scotiabank reiterated an “outperform” rating and issued a $28.50 price target on shares of Coeur Mining in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Coeur Mining presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.39.

Insider Buying and Selling

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $18.60, for a total transaction of $725,400.00. Following the sale, the chief accounting officer directly owned 77,204 shares in the company, valued at $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 available at the SEC website. 0.90% of the stock is currently owned by company insiders.

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.