Midwest Trust Co Buys New Stake in Coeur Mining, Inc. $CDE

Midwest Trust Co purchased a new stake in Coeur Mining, Inc. (NYSE:CDE) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 34,768 shares of the basic materials company’s stock, valued at approximately $653,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Triumph Capital Management raised its holdings 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 buying an additional 1,200 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of 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 during the period. Kingdom Financial Group LLC. purchased a new position in shares of Coeur Mining in the fourth quarter valued at $32,000. Kemnay Advisory Services Inc. purchased a new position in shares of Coeur Mining in the fourth quarter valued at $33,000. Finally, Transamerica Financial Advisors LLC acquired a new stake in Coeur Mining during the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Insider Activity at Coeur Mining

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $18.60, for a total value of $725,400.00. Following the sale, the chief accounting officer owned 77,204 shares of the company’s stock, valued at approximately $1,435,994.40. This trade represents a 33.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CDE shares. BMO Capital Markets started coverage on Coeur Mining in a research note on Wednesday, March 25th. They set an “outperform” rating and a $27.00 target price for the company. Canaccord Genuity Group upgraded Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Wednesday, April 29th. Scotiabank reaffirmed an “outperform” rating on shares of Coeur Mining in a research report on Tuesday. Roth Capital reiterated a “buy” rating and set a $25.00 target price on shares of Coeur Mining in a research note on Friday, May 8th. Finally, Zacks Research cut Coeur Mining from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.39.

Coeur Mining Price Performance

Shares of NYSE CDE opened at $16.02 on Wednesday. Coeur Mining, Inc. has a twelve month low of $8.56 and a twelve month high of $27.77. The company has a current ratio of 3.73, a quick ratio of 2.14 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $16.58 billion, a price-to-earnings ratio of 13.81 and a beta of 1.29. The business has a 50 day simple moving average of $17.43 and a 200-day simple moving average of $19.68.

Coeur Mining (NYSE:CDE) last announced 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). 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 last year, the business earned $0.11 earnings per share. The business’s revenue for the quarter was up 137.8% compared to the same quarter last year. As a group, equities research analysts expect that Coeur Mining, Inc. will post 1.39 earnings per share for the current year.

Coeur Mining Dividend Announcement

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