Aoife Mcgrath Purchases 635 Shares of Coeur Mining (NYSE:CDE) Stock

Coeur Mining, Inc. (NYSE:CDE) EVP Aoife Mcgrath purchased 635 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were bought at an average cost of $16.95 per share, with a total value of $10,763.25. Following the purchase, the executive vice president directly owned 184,653 shares of the company’s stock, valued at approximately $3,129,868.35. This represents a 0.35% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Coeur Mining Stock Performance

Coeur Mining stock opened at $17.49 on Thursday. The company has a 50 day moving average price of $18.48 and a 200-day moving average price of $19.76. 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 $8.46 and a fifty-two week high of $27.77. The company has a market capitalization of $18.10 billion, a PE ratio of 15.08 and a beta of 1.25.

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 the consensus estimate of $0.37 by ($0.01). Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. The company had revenue of $856.19 million for the quarter, compared to the consensus estimate of $815.59 million. During the same period in the prior year, the firm posted $0.11 EPS. The business’s revenue was up 137.8% on a year-over-year basis. As a group, equities analysts forecast that Coeur Mining, Inc. will post 1.46 earnings per share for the current year.

Coeur Mining Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd were paid a dividend of $0.02 per share. 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 currently 3.45%.

Analyst Ratings Changes

Several analysts have recently weighed in on CDE shares. Cantor Fitzgerald downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a research note on Thursday, May 7th. Canadian Imperial Bank of Commerce started coverage on shares of Coeur Mining in a research note on Tuesday, March 10th. They set an “outperform” rating and a $40.00 price target for the company. Zacks Research raised shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. BMO Capital Markets initiated coverage on shares of Coeur Mining in a report on Wednesday, March 25th. They set an “outperform” rating and a $27.00 price objective on the stock. Finally, ATB Cormark Capital Markets raised shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Coeur Mining has an average rating of “Moderate Buy” and a consensus price target of $26.28.

Hedge Funds Weigh In On Coeur Mining

Several institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp increased its holdings in Coeur Mining by 55.8% during the third quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company’s stock valued at $1,238,201,000 after buying an additional 23,646,265 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Coeur Mining by 92.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 27,981,273 shares of the basic materials company’s stock valued at $524,669,000 after buying an additional 13,418,041 shares during the period. State Street Corp increased its holdings in Coeur Mining by 6.7% during the fourth quarter. State Street Corp now owns 24,250,702 shares of the basic materials company’s stock valued at $432,390,000 after buying an additional 1,529,394 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Coeur Mining by 36.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,857,511 shares of the basic materials company’s stock valued at $447,567,000 after buying an additional 6,352,828 shares during the period. Finally, Tidal Investments LLC increased its holdings in Coeur Mining by 55.3% during the second quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock valued at $183,709,000 after buying an additional 7,382,955 shares during the period. 63.01% of the stock is owned by hedge funds and other institutional investors.

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.