41,738 Shares in Coeur Mining, Inc. $CDE Purchased by Chase Investment Counsel Corp

Chase Investment Counsel Corp purchased a new position in shares of Coeur Mining, Inc. (NYSE:CDE) during the first quarter, HoldingsChannel reports. The firm purchased 41,738 shares of the basic materials company’s stock, valued at approximately $783,000.

A number of other hedge funds also recently made changes to their positions in the business. Allworth Financial LP boosted its stake in shares of Coeur Mining by 20.9% during the 4th quarter. Allworth Financial LP now owns 2,994 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 517 shares during the period. Grand Central Investment Group raised its stake in Coeur Mining by 1.5% in the 1st quarter. Grand Central Investment Group now owns 40,514 shares of the basic materials company’s stock valued at $760,000 after acquiring an additional 612 shares during the period. Sanctuary Advisors LLC raised its stake in Coeur Mining by 7.5% in the 1st quarter. Sanctuary Advisors LLC now owns 11,809 shares of the basic materials company’s stock valued at $222,000 after acquiring an additional 820 shares during the period. Baader Bank Aktiengesellschaft raised its stake in Coeur Mining by 2.8% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 34,090 shares of the basic materials company’s stock valued at $608,000 after acquiring an additional 935 shares during the period. Finally, Sound Income Strategies LLC lifted its holdings in Coeur Mining by 99.2% during the 4th quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 996 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Coeur Mining

In other news, CAO Kenneth J. Watkinson sold 39,000 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $1,435,994.40. The trade was a 33.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. BMO Capital Markets assumed coverage on shares of Coeur Mining in a research report on Wednesday, March 25th. They issued an “outperform” rating and a $27.00 price objective on the stock. Canaccord Genuity Group raised 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. Cantor Fitzgerald lowered shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price target on the stock. in a research note on Thursday, May 7th. Zacks Research lowered shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. Finally, Scotiabank reissued an “outperform” rating and issued a $28.50 price target on shares of Coeur Mining in a report 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 given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $26.39.

Coeur Mining Stock Performance

CDE opened at $15.29 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.14 and a current ratio of 3.73. Coeur Mining, Inc. has a 52-week low of $8.56 and a 52-week high of $27.77. The firm has a market cap of $15.82 billion, a P/E ratio of 13.18 and a beta of 1.29. The business’s fifty day moving average is $17.01 and its 200-day moving average is $19.56.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.36 EPS 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 company had revenue of $856.19 million during the quarter, compared to analyst estimates of $815.59 million. During the same period last year, the firm earned $0.11 EPS. The firm’s revenue for the quarter was up 137.8% compared to the same quarter last year. Sell-side analysts expect that Coeur Mining, Inc. will post 1.25 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 issued a $0.02 dividend. This represents a yield of 23.0%. The ex-dividend date of this dividend 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.