79,741 Shares in Coeur Mining, Inc. $CDE Purchased by Sheets Smith Wealth Management

Sheets Smith Wealth Management purchased a new stake in shares of Coeur Mining, Inc. (NYSE:CDE) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 79,741 shares of the basic materials company’s stock, valued at approximately $1,497,000.

A number of other hedge funds have also recently bought and sold shares of CDE. Triumph Capital Management increased its position in shares of Coeur Mining by 300.0% during the 4th quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 1,200 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of 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 buying an additional 1,435 shares in the last quarter. Kingdom Financial Group LLC. bought a new position in shares of Coeur Mining in the fourth quarter valued at $32,000. Kemnay Advisory Services Inc. acquired a new position in Coeur Mining during the fourth quarter worth $33,000. Finally, Transamerica Financial Advisors LLC acquired a new position in Coeur Mining during the fourth quarter worth $34,000. 63.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. BMO Capital Markets began coverage on shares of Coeur Mining in a research report on Wednesday, March 25th. They set an “outperform” rating and a $27.00 price target on the stock. Wall Street Zen downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Canadian Imperial Bank of Commerce initiated coverage on shares of Coeur Mining in a research note on Tuesday, March 10th. They set an “outperform” rating and a $40.00 price objective on the stock. Roth Mkm reaffirmed a “buy” rating and issued a $25.00 target price on shares of Coeur Mining in a report on Friday, May 8th. Finally, ATB Cormark Capital Markets upgraded shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.28.

Coeur Mining Stock Performance

Shares of NYSE CDE opened at $17.53 on Friday. The company has a current ratio of 3.73, a quick ratio of 2.14 and a debt-to-equity ratio of 0.07. Coeur Mining, Inc. has a 12 month low of $8.46 and a 12 month high of $27.77. The stock has a 50 day moving average of $18.41 and a 200-day moving average of $19.75. The company has a market capitalization of $18.13 billion, a P/E ratio of 15.11 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 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 business had revenue of $856.19 million during the quarter, compared to the consensus estimate of $815.59 million. During the same quarter last year, the company posted $0.11 EPS. The firm’s revenue was up 137.8% on a year-over-year basis. As a group, equities research analysts predict that Coeur Mining, Inc. will post 1.46 EPS for the current year.

Coeur Mining Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, June 10th. Shareholders 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%.

Insider Activity at Coeur Mining

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 39,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $18.60, for a total value of $725,400.00. Following the transaction, the chief accounting officer directly owned 77,204 shares in the company, valued at $1,435,994.40. The trade was a 33.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

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.