GK Wealth Management LLC Invests $113,000 in 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 fund acquired 19,084 shares of the basic materials company's stock, valued at approximately $113,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MAI Capital Management acquired a new position in shares of Coeur Mining in the 1st quarter valued at about $25,000. Summer Road LLC acquired a new position in Coeur Mining during the 1st quarter worth approximately $28,000. City State Bank raised its stake in Coeur Mining by 56.9% during the 1st quarter. City State Bank now owns 6,274 shares of the basic materials company's stock worth $37,000 after buying an additional 2,274 shares during the period. State of Wyoming acquired a new position in Coeur Mining during the 1st quarter worth approximately $52,000. Finally, Banque Cantonale Vaudoise acquired a new position in Coeur Mining during the 1st quarter worth approximately $53,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Activity

In other Coeur Mining news, SVP Aoife Mcgrath sold 8,000 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $11.69, for a total transaction of $93,520.00. Following the transaction, the senior vice president directly owned 203,318 shares in the company, valued at approximately $2,376,787.42. This trade represents a 3.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pierre Beaudoin sold 48,362 shares of the firm's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $11.57, for a total value of $559,548.34. Following the transaction, the director owned 140,000 shares in the company, valued at approximately $1,619,800. This trade represents a 25.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 516,619 shares of company stock valued at $6,626,362. Insiders own 1.56% of the company's stock.

Coeur Mining Trading Down 3.3%

NYSE CDE traded down $0.57 during trading on Tuesday, hitting $16.36. The stock had a trading volume of 14,193,677 shares, compared to its average volume of 16,340,613. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.60 and a current ratio of 1.61. The stock has a market capitalization of $10.52 billion, a price-to-earnings ratio of 44.20 and a beta of 1.19. Coeur Mining, Inc. has a one year low of $4.58 and a one year high of $17.15. The stock has a 50 day simple moving average of $11.34 and a 200 day simple moving average of $8.54.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $480.65 million during the quarter, compared to the consensus estimate of $438.40 million. During the same quarter last year, the firm earned ($0.01) earnings per share. The firm's quarterly revenue was up 116.5% compared to the same quarter last year. Sell-side analysts predict that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

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.