GK Wealth Management LLC Takes Position in Coeur Mining, Inc. $CDE

GK Wealth Management LLC bought a new stake in shares of Coeur Mining, Inc. (NYSE:CDE) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 40,622 shares of the basic materials company’s stock, valued at approximately $663,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its position in Coeur Mining by 60.2% in the first quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock valued at $4,434,000 after purchasing an additional 281,489 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Coeur Mining by 18.1% during the first quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock worth $49,449,000 after purchasing an additional 1,278,110 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Coeur Mining by 122.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company’s stock worth $14,393,000 after purchasing an additional 1,339,138 shares in the last quarter. Focus Partners Wealth purchased a new stake in shares of Coeur Mining in the first quarter worth about $60,000. Finally, Intech Investment Management LLC boosted its position in shares of Coeur Mining by 58.4% in the first quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock worth $1,594,000 after buying an additional 99,256 shares during the period. 63.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on CDE. Roth Capital reiterated a “buy” rating and set a $25.00 target price on shares of Coeur Mining in a report on Friday, May 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, June 24th. Wall Street Zen lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Canaccord Genuity Group raised 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 report on Wednesday, April 29th. Finally, Cantor Fitzgerald downgraded Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price for the company. in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Coeur Mining has a consensus rating of “Moderate Buy” and a consensus price target of $26.39.

Insider Buying and Selling at Coeur Mining

In other news, CAO Kenneth J. Watkinson sold 39,000 shares of the firm’s 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 transaction, the chief accounting officer directly owned 77,204 shares in the company, valued at approximately $1,435,994.40. This trade represents a 33.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.90% of the company’s stock.

Coeur Mining Trading Up 4.4%

NYSE:CDE opened at $16.24 on Wednesday. The company has a market cap of $16.80 billion, a PE ratio of 14.00 and a beta of 1.32. The business’s 50 day moving average is $16.47 and its two-hundred day moving average is $19.25. The company has a quick ratio of 2.14, a current ratio of 3.73 and a debt-to-equity ratio of 0.07. Coeur Mining, Inc. has a 52 week low of $9.11 and a 52 week high of $27.77.

Coeur Mining (NYSE:CDE) last issued 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 firm 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 firm posted $0.11 earnings per share. Coeur Mining’s revenue was up 137.8% compared to the same quarter last year. On average, analysts predict that Coeur Mining, Inc. will post 1.25 EPS for the current year.

Coeur Mining Announces Dividend

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 payout ratio is presently 3.45%.

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.