Coeur Mining, Inc. (NYSE:CDE) Shareholders Set to Receive $0.02 Dividend

Coeur Mining, Inc. (NYSE:CDE) declared a dividend on Wednesday, November 4th. Shareholders of record on Monday, November 30th will be given a dividend of $0.02 per share by the basic materials company on Wednesday, December 16th. This represents a yield of 27.0%. The ex-dividend date of this dividend is Monday, November 30th.

Coeur Mining Stock Up 8.7%

Shares of Coeur Mining stock opened at $14.57 on Thursday. The business has a 50-day moving average of $17.70 and a 200-day moving average of $18.84. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.65 and a quick ratio of 2.44. The company has a market capitalization of $14.98 billion, a PE ratio of 12.45 and a beta of 1.46. Coeur Mining has a 1-year low of $12.71 and a 1-year high of $27.77.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%. The business had revenue of $983.62 million for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the firm posted $0.23 earnings per share. The firm’s revenue was up 77.4% compared to the same quarter last year. As a group, equities analysts forecast that Coeur Mining will post 0.81 EPS for the current fiscal year.

Insiders Place Their Bets

In other Coeur Mining news, EVP Casey Nault sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $20.00, for a total transaction of $200,000.00. Following the completion of the transaction, the executive vice president directly owned 540,086 shares of the company’s stock, valued at $10,801,720. This trade represents a 1.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director J. Kenneth Thompson sold 25,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $20.77, for a total transaction of $519,250.00. Following the completion of the sale, the director directly owned 257,333 shares of the company’s stock, valued at $5,344,806.41. The trade was a 8.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 51,000 shares of company stock valued at $1,055,070 in the last ninety days. Corporate insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On Coeur Mining

Large investors have recently modified their holdings of the stock. ZEGA Investments LLC increased its holdings in Coeur Mining by 4.8% in the second quarter. ZEGA Investments LLC now owns 10,581 shares of the basic materials company’s stock valued at $173,000 after buying an additional 481 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in Coeur Mining by 0.3% during the third quarter. B. Riley Wealth Advisors Inc. now owns 232,078 shares of the basic materials company’s stock valued at $4,085,000 after buying an additional 701 shares in the last quarter. Sanctuary Advisors LLC raised its stake in Coeur Mining by 7.5% during the first quarter. Sanctuary Advisors LLC now owns 11,809 shares of the basic materials company’s stock valued at $222,000 after buying an additional 820 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Coeur Mining by 105.0% during the 2nd 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 last quarter. Finally, AlphaCentric Advisors LLC lifted its holdings in Coeur Mining by 7.6% during the 3rd quarter. AlphaCentric Advisors LLC now owns 12,627 shares of the basic materials company’s stock worth $222,000 after buying an additional 895 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

About Coeur Mining

Coeur Mining, Inc is a precious metals mining company headquartered in Chicago, Illinois. The company explores for, develops, and operates mines that produce gold and silver, with its activities focused primarily in North America.

Coeur’s operating portfolio includes the Rochester gold and silver mine in Nevada, the Wharf gold mine in South Dakota, the Kensington gold mine in Alaska, and the Las Chispas silver and gold operation in Sonora, Mexico. The company also maintains exploration and development interests in additional mineral properties.

Founded in 1928, Coeur Mining has grown through the development and acquisition of precious metals assets.