Counterpoint Mutual Funds LLC Makes New $650,000 Investment in Coeur Mining, Inc. $CDE

Counterpoint Mutual Funds LLC 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 34,639 shares of the basic materials company’s stock, valued at approximately $650,000.

A number of other hedge funds have also recently made changes to their positions in CDE. Baer Investment Advisory LLC bought a new position in shares of Coeur Mining in the first quarter worth $669,000. World Investment Advisors purchased a new stake in shares of Coeur Mining in the first quarter worth $336,000. Leonteq Securities AG boosted its stake in Coeur Mining by 107.8% during the first quarter. Leonteq Securities AG now owns 33,391 shares of the basic materials company’s stock valued at $627,000 after buying an additional 17,326 shares during the period. Strs Ohio boosted its stake in Coeur Mining by 86.5% during the first quarter. Strs Ohio now owns 153,500 shares of the basic materials company’s stock valued at $2,881,000 after buying an additional 71,200 shares during the period. Finally, TSP Capital Management Group LLC boosted its stake in Coeur Mining by 311.3% during the first quarter. TSP Capital Management Group LLC now owns 1,739,411 shares of the basic materials company’s stock valued at $32,649,000 after buying an additional 1,316,536 shares during the period. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Coeur Mining

In related 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 value of $725,400.00. Following the transaction, the chief accounting officer owned 77,204 shares in the company, valued at $1,435,994.40. This trade represents a 33.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CDE shares. Cantor Fitzgerald lowered 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. Zacks Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. ATB Cormark Capital Markets raised Coeur Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, March 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Coeur Mining in a report on Wednesday, June 24th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $26.28.

Coeur Mining Stock Down 0.1%

Shares of CDE opened at $17.28 on Friday. Coeur Mining, Inc. has a 1 year low of $8.56 and a 1 year high of $27.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.73 and a quick ratio of 2.14. The stock has a 50 day simple moving average of $17.74 and a two-hundred day simple moving average of $19.76. The firm has a market cap of $17.87 billion, a P/E ratio of 14.89 and a beta of 1.29.

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 the consensus estimate of $0.37 by ($0.01). The business had revenue of $856.19 million for 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%.The company’s revenue was up 137.8% compared to the same quarter last year. During the same period last year, the business posted $0.11 earnings per share. On average, analysts forecast that Coeur Mining, Inc. will post 1.46 earnings per share for the current fiscal year.

Coeur Mining Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 22nd were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a dividend yield of 23.0%. Coeur Mining’s dividend payout ratio (DPR) 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.