Coeur Mining, Inc. $CDE Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC boosted its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 187.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 99,601 shares of the basic materials company’s stock after purchasing an additional 64,947 shares during the period. Kestra Advisory Services LLC’s holdings in Coeur Mining were worth $1,870,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Triumph Capital Management raised its holdings in shares of Coeur Mining by 300.0% in the fourth quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock worth $29,000 after buying an additional 1,200 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Coeur Mining by 74.2% in the 2nd 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. acquired a new position in shares of Coeur Mining in the 4th quarter valued at $32,000. Kemnay Advisory Services Inc. purchased a new position in Coeur Mining in the 4th quarter worth $33,000. Finally, Transamerica Financial Advisors LLC purchased a new position in Coeur Mining in the 4th quarter worth $34,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Stock Down 1.3%

Shares of CDE opened at $14.17 on Tuesday. 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 $8.56 and a 12 month high of $27.77. The stock’s 50 day moving average is $17.11 and its two-hundred day moving average is $19.57. The firm has a market cap of $14.66 billion, a P/E ratio of 12.21 and a beta of 1.29.

Coeur Mining (NYSE:CDE) last announced its 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 return on equity of 15.38% and a net margin of 31.15%.The business had revenue of $856.19 million for the quarter, compared to analyst estimates of $815.59 million. During the same period in the previous year, the company earned $0.11 earnings per share. The company’s quarterly revenue was up 137.8% compared to the same quarter last year. Analysts predict that Coeur Mining, Inc. will post 1.38 earnings per share for the current fiscal year.

Coeur Mining Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd were given 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 currently 3.45%.

Insider Transactions at Coeur Mining

In other news, CAO Kenneth J. Watkinson sold 39,000 shares of Coeur Mining stock in a transaction dated Monday, June 1st. The shares were 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 in the company, valued at $1,435,994.40. This trade represents a 33.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CDE has been the topic of a number of research reports. Cantor Fitzgerald lowered Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a report on Thursday, May 7th. Zacks Research downgraded shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a report on Friday, July 10th. Canaccord Genuity Group upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Wednesday, April 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Coeur Mining in a report on Wednesday, June 24th. Finally, Scotiabank reiterated an “outperform” rating and issued a $28.50 price objective on shares of Coeur Mining in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Coeur Mining presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.39.

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.