Falcon Wealth Planning Purchases Shares of 56,501 Coeur Mining, Inc. $CDE

Falcon Wealth Planning acquired a new stake in shares of Coeur Mining, Inc. (NYSE:CDE) during the first quarter, Holdings Channel reports. The fund acquired 56,501 shares of the basic materials company’s stock, valued at approximately $1,061,000.

Several other large investors have also recently modified their holdings of CDE. Triumph Capital Management boosted its holdings in Coeur Mining by 300.0% during the 4th quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 1,200 shares during the period. EverSource Wealth Advisors LLC increased its stake in 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 worth $30,000 after purchasing an additional 1,435 shares during the period. Kingdom Financial Group LLC. bought a new stake in Coeur Mining in the fourth quarter valued at approximately $32,000. Kemnay Advisory Services Inc. bought a new stake in Coeur Mining in the fourth quarter valued at approximately $33,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in shares of Coeur Mining during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Insider Transactions at Coeur Mining

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of the 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 completion of the transaction, the chief accounting officer directly owned 77,204 shares of the company’s stock, valued at $1,435,994.40. This represents a 33.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CDE. ATB Cormark Capital Markets raised shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, March 24th. Scotiabank initiated coverage on shares of Coeur Mining in a research report on Friday, June 12th. They set a “sector outperform” rating and a $27.50 price target for the company. Zacks Research raised shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Weiss Ratings downgraded shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 27th. Finally, Canaccord Genuity Group upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.28.

Coeur Mining Stock Performance

Shares of CDE stock opened at $15.95 on Friday. The firm has a market capitalization of $16.50 billion, a price-to-earnings ratio of 13.75 and a beta of 1.25. The stock has a fifty day moving average of $18.09 and a 200 day moving average of $19.77. Coeur Mining, Inc. has a 52 week low of $8.46 and a 52 week high of $27.77. 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 (NYSE:CDE) last issued its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.36 EPS 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 company 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 earnings per share. The firm’s revenue for the quarter was up 137.8% compared to the same quarter last year. As a group, research analysts expect 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. Investors 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 dividend yield of 23.0%. Coeur Mining’s payout ratio is currently 3.45%.

Coeur Mining 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.