Arizona State Retirement System Boosts Position in Coeur Mining, Inc. (NYSE:CDE)

Arizona State Retirement System raised its stake in Coeur Mining, Inc. (NYSE:CDEFree Report) by 5.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 94,826 shares of the basic materials company’s stock after purchasing an additional 4,554 shares during the quarter. Arizona State Retirement System’s holdings in Coeur Mining were worth $211,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sigma Planning Corp lifted its position in Coeur Mining by 35.3% in the third quarter. Sigma Planning Corp now owns 31,670 shares of the basic materials company’s stock valued at $70,000 after purchasing an additional 8,260 shares during the last quarter. Private Advisor Group LLC bought a new stake in Coeur Mining in the third quarter valued at approximately $279,000. Principal Financial Group Inc. raised its holdings in shares of Coeur Mining by 43.5% during the third quarter. Principal Financial Group Inc. now owns 48,718 shares of the basic materials company’s stock valued at $108,000 after acquiring an additional 14,768 shares in the last quarter. Dubuque Bank & Trust Co bought a new position in shares of Coeur Mining during the third quarter valued at approximately $95,000. Finally, Inspire Investing LLC raised its holdings in shares of Coeur Mining by 25.9% during the third quarter. Inspire Investing LLC now owns 139,807 shares of the basic materials company’s stock valued at $310,000 after acquiring an additional 28,781 shares in the last quarter. Institutional investors own 61.55% of the company’s stock.

Coeur Mining Price Performance

CDE opened at $2.70 on Friday. The stock has a fifty day simple moving average of $2.99 and a two-hundred day simple moving average of $2.66. The company has a current ratio of 1.05, a quick ratio of 0.41 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -38.57 and a beta of 1.79. Coeur Mining, Inc. has a 12-month low of $2.00 and a 12-month high of $4.55.

Coeur Mining (NYSE:CDEGet Free Report) last posted its quarterly earnings data on Wednesday, November 8th. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Coeur Mining had a negative return on equity of 9.23% and a negative net margin of 3.78%. The firm had revenue of $194.60 million during the quarter, compared to the consensus estimate of $238.93 million. During the same quarter last year, the company posted ($0.16) EPS. Coeur Mining’s revenue for the quarter was up 6.3% compared to the same quarter last year. Research analysts predict that Coeur Mining, Inc. will post -0.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on CDE shares. Raymond James decreased their target price on Coeur Mining from $4.25 to $3.50 and set a “market perform” rating for the company in a report on Friday, November 10th. National Bank Financial restated an “outperform spec market weight” rating on shares of Coeur Mining in a report on Wednesday, January 3rd. Finally, BMO Capital Markets restated a “market perform” rating and set a $2.75 target price on shares of Coeur Mining in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $3.75.

Check Out Our Latest Stock Report on Coeur Mining

Coeur Mining Company Profile

(Free Report)

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. It primarily explores for gold, silver, zinc, and lead properties. The company holds 100% interests in the Palmarejo gold and silver mine covering an area of approximately 67,279 net acres located in the State of Chihuahua in Northern Mexico; the Rochester silver and gold mine that covers an area of approximately 43,441net acres situated in northwestern Nevada; the Kensington gold mine comprising 3,972 net acres located to the north of Juneau, Alaska; the Wharf gold mine covering an area of approximately 3,243 net acres situated in the northern Black Hills of western South Dakota; and the Silvertip silver-zinc-lead mine comprising 97,298 net acres located in northern British Columbia, Canada.

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Institutional Ownership by Quarter for Coeur Mining (NYSE:CDE)

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