L & S Advisors Inc Takes Position in Coeur Mining, Inc. $CDE

L & S Advisors Inc acquired a new stake in Coeur Mining, Inc. (NYSE:CDE) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 117,118 shares of the basic materials company’s stock, valued at approximately $2,088,000.

Other large investors have also modified their holdings of the company. JPL Wealth Management LLC acquired a new stake in shares of Coeur Mining in the third quarter valued at approximately $35,000. Covestor Ltd lifted its holdings in shares of Coeur Mining by 7,011.5% during the third quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 1,823 shares during the period. Lodestone Wealth Management LLC acquired a new stake in shares of Coeur Mining during the fourth quarter worth $36,000. Sound Income Strategies LLC lifted its holdings in shares of Coeur Mining by 99.2% during the fourth quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 996 shares during the period. Finally, Comerica Bank lifted its holdings in shares of Coeur Mining by 121.6% during the fourth quarter. Comerica Bank now owns 2,473 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 1,357 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CDE shares. Canaccord Genuity Group raised Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Wednesday, April 29th. Weiss Ratings downgraded Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 27th. Zacks Research raised Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Roth Mkm reaffirmed a “buy” rating and set a $25.00 price target on shares of Coeur Mining in a report on Friday, May 8th. Finally, Cantor Fitzgerald downgraded Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.56.

Coeur Mining Trading Down 0.1%

NYSE:CDE opened at $17.60 on Monday. The stock has a fifty day moving average price of $19.35 and a two-hundred day moving average price of $19.38. The stock has a market capitalization of $18.21 billion, a price-to-earnings ratio of 15.17 and a beta of 1.24. 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 1 year low of $7.15 and a 1 year high of $27.77.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business 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%.The company’s revenue was up 137.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS. As a group, sell-side analysts anticipate that Coeur Mining, Inc. will post 1.46 earnings per share for the current fiscal year.

Coeur Mining Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, May 25th will be given a $0.02 dividend. The ex-dividend date is Friday, May 22nd. This represents a yield of 20.0%.

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.