Falcon Wealth Planning Makes New $1.06 Million Investment in Coeur Mining, Inc. $CDE

Falcon Wealth Planning purchased a new stake in Coeur Mining, Inc. (NYSE:CDE) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 56,501 shares of the basic materials company’s stock, valued at approximately $1,061,000.

A number of other hedge funds have also recently made changes to their positions in the company. Triumph Capital Management raised its position 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 in the last quarter. EverSource Wealth Advisors LLC grew its position 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 worth $30,000 after buying an additional 1,435 shares in the last quarter. Kingdom Financial Group LLC. purchased a new position in Coeur Mining during the fourth quarter worth about $32,000. Kemnay Advisory Services Inc. bought a new position in Coeur Mining in the 4th quarter worth about $33,000. Finally, Transamerica Financial Advisors LLC bought a new position in Coeur Mining in the 4th quarter worth about $34,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Coeur Mining Trading Up 3.1%

NYSE CDE opened at $15.95 on Friday. The company has a quick ratio of 2.14, a current ratio of 3.73 and a debt-to-equity ratio of 0.07. The stock’s 50-day simple moving average is $18.09 and its two-hundred day simple moving average is $19.77. Coeur Mining, Inc. has a twelve month low of $8.46 and a twelve month high of $27.77. The company has a market capitalization of $16.50 billion, a price-to-earnings ratio of 13.75 and a beta of 1.25.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm had revenue of $856.19 million during the quarter, compared to analysts’ expectations of $815.59 million. Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.Coeur Mining’s revenue for the quarter was up 137.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 earnings per share. Research analysts forecast that Coeur Mining, Inc. will post 1.46 EPS for the current fiscal year.

Coeur Mining Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd were paid a $0.02 dividend. The ex-dividend date of this dividend 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 Coeur Mining news, CAO Kenneth J. Watkinson sold 39,000 shares of the stock in a transaction that occurred 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 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CDE has been the subject of a number of research analyst reports. Zacks Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. Roth Mkm restated a “buy” rating and issued a $25.00 price objective on shares of Coeur Mining in a research report on Friday, May 8th. Cantor Fitzgerald downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a research note on Thursday, May 7th. Wall Street Zen lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Canadian Imperial Bank of Commerce assumed coverage on shares of Coeur Mining in a research note on Tuesday, March 10th. They issued an “outperform” rating and a $40.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.28.

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.