GK Wealth Management LLC Buys Shares of 19,084 Coeur Mining, Inc. $CDE

Key Points

• GK Wealth Management LLC acquired 19,084 shares of Coeur Mining, Inc. for approximately $113,000 in the first quarter, highlighting the increasing interest from institutional investors in the company.
• Several analysts have issued ratings on Coeur Mining, resulting in a consensus rating of "Buy" and an average price target of $9.79, signaling positive market sentiment.
• Coeur Mining reported $0.20 earnings per share (EPS) for the last quarter, exceeding estimates and achieving a 116.5% revenue increase year-over-year, indicative of strong financial performance.

GK Wealth Management LLC acquired a new stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 19,084 shares of the basic materials company's stock, valued at approximately $113,000.

Several other institutional investors have also modified their holdings of CDE. Cambridge Investment Research Advisors Inc. increased its holdings in Coeur Mining by 150.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 215,707 shares of the basic materials company's stock valued at $1,277,000 after buying an additional 129,574 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Coeur Mining during the 1st quarter worth about $540,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Coeur Mining by 3,091.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,021,974 shares of the basic materials company's stock valued at $6,050,000 after acquiring an additional 989,952 shares during the last quarter. Amalgamated Bank raised its position in shares of Coeur Mining by 71.0% during the 1st quarter. Amalgamated Bank now owns 21,544 shares of the basic materials company's stock worth $128,000 after acquiring an additional 8,943 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Coeur Mining during the 1st quarter worth about $813,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Coeur Mining Stock Up 0.5%

Shares of NYSE CDE traded up $0.08 on Wednesday, hitting $16.35. The company had a trading volume of 5,134,958 shares, compared to its average volume of 16,302,725. The company has a quick ratio of 0.60, a current ratio of 1.61 and a debt-to-equity ratio of 0.12. Coeur Mining, Inc. has a 12-month low of $4.58 and a 12-month high of $17.15. The business has a 50 day moving average of $11.48 and a two-hundred day moving average of $8.60. The firm has a market capitalization of $10.51 billion, a P/E ratio of 44.18 and a beta of 1.19.

Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.02. Coeur Mining had a net margin of 13.06% and a return on equity of 14.38%. The firm had revenue of $480.65 million for the quarter, compared to the consensus estimate of $438.40 million. During the same quarter in the previous year, the firm posted ($0.01) EPS. The firm's quarterly revenue was up 116.5% on a year-over-year basis. As a group, equities research analysts forecast that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Insider Activity at Coeur Mining

In other news, CAO Kenneth J. Watkinson sold 8,000 shares of the business's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $11.62, for a total value of $92,960.00. Following the completion of the sale, the chief accounting officer owned 143,007 shares of the company's stock, valued at approximately $1,661,741.34. The trade was a 5.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Aoife Mcgrath sold 8,000 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $11.69, for a total transaction of $93,520.00. Following the completion of the sale, the senior vice president directly owned 203,318 shares of the company's stock, valued at $2,376,787.42. The trade was a 3.79% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 516,619 shares of company stock worth $6,626,362. 1.56% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on CDE. Roth Capital reissued a "buy" rating and set a $13.00 price objective on shares of Coeur Mining in a report on Thursday, August 7th. National Bank Financial upgraded shares of Coeur Mining to a "strong-buy" rating in a research note on Thursday, June 12th. BMO Capital Markets boosted their price target on shares of Coeur Mining from $11.00 to $12.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. National Bankshares set a $12.00 price objective on Coeur Mining in a report on Friday, June 13th. Finally, Zacks Research upgraded Coeur Mining to a "hold" rating in a research report on Tuesday, August 12th. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $9.79.

Coeur Mining Profile

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.