New Mexico Educational Retirement Board Acquires Shares of 214,800 Coeur Mining, Inc. $CDE

New Mexico Educational Retirement Board bought a new position in shares of Coeur Mining, Inc. (NYSE:CDE) during the second quarter, HoldingsChannel reports. The firm bought 214,800 shares of the basic materials company’s stock, valued at approximately $3,506,000.

Several other hedge funds also recently made changes to their positions in CDE. Allworth Financial LP increased its holdings in shares of Coeur Mining by 20.9% in the 4th quarter. Allworth Financial LP now owns 2,994 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 517 shares during the last quarter. Grand Central Investment Group increased its stake in Coeur Mining by 1.5% during the first quarter. Grand Central Investment Group now owns 40,514 shares of the basic materials company’s stock valued at $760,000 after purchasing an additional 612 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Coeur Mining by 7.5% during the first quarter. Sanctuary Advisors LLC now owns 11,809 shares of the basic materials company’s stock worth $222,000 after purchasing an additional 820 shares during the period. Versant Capital Management Inc raised its holdings in shares of Coeur Mining by 105.0% during the second quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 820 shares during the period. Finally, Baader Bank Aktiengesellschaft lifted its position in shares of Coeur Mining by 2.8% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 34,090 shares of the basic materials company’s stock worth $608,000 after buying an additional 935 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Stock Performance

CDE stock opened at $21.24 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.44 and a current ratio of 3.65. The stock has a market capitalization of $21.83 billion, a price-to-earnings ratio of 18.15 and a beta of 1.32. Coeur Mining, Inc. has a 1 year low of $12.54 and a 1 year high of $27.77. The stock’s fifty day moving average is $17.13 and its two-hundred day moving average is $18.86.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.14). Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the firm posted $0.20 EPS. The business’s revenue was up 125.8% compared to the same quarter last year. On average, research analysts predict that Coeur Mining, Inc. will post 0.86 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Roth Capital set a $19.00 price target on shares of Coeur Mining in a report on Friday, August 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, June 24th. Wall Street Zen cut shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Cantor Fitzgerald cut shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a report on Thursday, May 7th. Finally, Zacks Research raised Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $25.50.

Insider Activity

In other Coeur Mining news, CFO Thomas S. Whelan sold 6,000 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $20.87, for a total value of $125,220.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director J Kenneth Thompson sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $20.77, for a total transaction of $519,250.00. Following the completion of the sale, the director owned 257,333 shares in the company, valued at $5,344,806.41. The trade was a 8.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 80,000 shares of company stock valued at $1,569,870. Company insiders own 0.90% of the company’s stock.

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.