PVG Asset Management Corp Takes $3.37 Million Position in Coeur Mining, Inc. $CDE

PVG Asset Management Corp purchased a new stake in Coeur Mining, Inc. (NYSE:CDE) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 180,564 shares of the basic materials company’s stock, valued at approximately $3,369,000. Coeur Mining makes up approximately 2.4% of PVG Asset Management Corp’s portfolio, making the stock its 5th largest holding.

A number of other hedge funds have also bought and sold shares of CDE. Triumph Capital Management boosted its holdings in 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 purchasing an additional 1,200 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Coeur Mining by 74.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 1,435 shares in the last quarter. Kingdom Financial Group LLC. bought a new position in shares of Coeur Mining during the fourth quarter worth approximately $32,000. Kemnay Advisory Services Inc. bought a new position in shares of Coeur Mining during the fourth quarter worth approximately $33,000. Finally, Transamerica Financial Advisors LLC acquired a new stake in shares of Coeur Mining in the fourth quarter valued at approximately $34,000. 63.01% of the stock is owned by institutional investors.

Coeur Mining Price Performance

Shares of NYSE:CDE opened at $14.91 on Monday. The firm has a 50 day moving average of $16.55 and a 200-day moving average of $19.32. Coeur Mining, Inc. has a 12 month low of $8.56 and a 12 month high of $27.77. The company has a current ratio of 3.73, a quick ratio of 2.14 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $15.43 billion, a PE ratio of 12.86 and a beta of 1.32.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) 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 analyst estimates 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 was up 137.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 EPS. On average, equities research analysts predict that Coeur Mining, Inc. will post 1.25 EPS for the current fiscal year.

Coeur Mining Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CDE shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, June 24th. Cantor Fitzgerald cut Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective for the company. in a report on Thursday, May 7th. Zacks Research downgraded Coeur Mining from a “hold” rating to a “strong sell” rating in a research report on Friday, July 10th. Roth Capital reiterated a “buy” rating and set a $25.00 target price on shares of Coeur Mining in a research report on Friday, May 8th. Finally, Wall Street Zen lowered Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Coeur Mining presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.39.

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 39,000 shares of the firm’s 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 sale, the chief accounting officer 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 document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.90% of the company’s stock.

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.