RFG Advisory LLC Has $1.27 Million Stake in Coeur Mining, Inc. $CDE

RFG Advisory LLC boosted its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 342.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,913 shares of the basic materials company’s stock after buying an additional 52,571 shares during the period. RFG Advisory LLC’s holdings in Coeur Mining were worth $1,275,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CDE. Triumph Capital Management boosted 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 valued at $29,000 after acquiring an additional 1,200 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Coeur Mining by 74.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 1,435 shares in the last quarter. Kingdom Financial Group LLC. acquired a new stake in Coeur Mining during the fourth quarter valued at approximately $32,000. Kemnay Advisory Services Inc. bought a new stake in shares of Coeur Mining in the 4th quarter valued at approximately $33,000. Finally, Transamerica Financial Advisors LLC acquired a new stake in Coeur Mining in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Kenneth J. Watkinson sold 39,000 shares of Coeur Mining stock in a transaction on Monday, June 1st. The shares were sold at an average price of $18.60, for a total transaction of $725,400.00. Following the transaction, the chief accounting officer directly owned 77,204 shares of the company’s stock, 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 SEC, which is available through this hyperlink. 0.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CDE shares. BMO Capital Markets initiated coverage on shares of Coeur Mining in a research report on Wednesday, March 25th. They set an “outperform” rating and a $27.00 target price for the company. Wall Street Zen cut shares of Coeur Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research raised Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Scotiabank began coverage on Coeur Mining in a report on Friday, June 12th. They set a “sector outperform” rating and a $27.50 price target for the company. Finally, Canaccord Genuity Group upgraded Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Coeur Mining presently has an average rating of “Moderate Buy” and a consensus price target of $26.28.

Coeur Mining Stock Up 0.3%

NYSE:CDE opened at $16.04 on Friday. The company has a market cap of $16.59 billion, a price-to-earnings ratio of 13.83 and a beta of 1.25. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.14 and a current ratio of 3.73. The stock’s fifty day moving average price is $18.01 and its two-hundred day moving average price is $19.75. Coeur Mining, Inc. has a 52-week low of $8.46 and a 52-week high of $27.77.

Coeur Mining (NYSE:CDE) last released its 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 return on equity of 15.38% and a net margin of 31.15%.The firm had revenue of $856.19 million for the quarter, compared to the consensus estimate of $815.59 million. During the same quarter in the previous year, the firm earned $0.11 EPS. The company’s revenue was up 137.8% compared to the same quarter last year. On average, analysts anticipate that Coeur Mining, Inc. will post 1.46 EPS for the current year.

Coeur Mining Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 22nd were given a $0.02 dividend. This represents a dividend yield of 23.0%. The ex-dividend date was Friday, May 22nd. Coeur Mining’s dividend payout ratio (DPR) is currently 3.45%.

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.