296,183 Shares in Coeur Mining, Inc. $CDE Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in shares of Coeur Mining, Inc. (NYSE:CDE) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 296,183 shares of the basic materials company’s stock, valued at approximately $4,834,000.

Other hedge funds have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its holdings in Coeur Mining by 92.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 27,981,273 shares of the basic materials company’s stock worth $524,669,000 after purchasing an additional 13,418,041 shares during the period. State Street Corp increased its stake in shares of Coeur Mining by 6.7% during the fourth quarter. State Street Corp now owns 24,250,702 shares of the basic materials company’s stock valued at $432,390,000 after purchasing an additional 1,529,394 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Coeur Mining by 55.3% during the second quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock valued at $183,709,000 after purchasing an additional 7,382,955 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Coeur Mining by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 15,586,550 shares of the basic materials company’s stock valued at $277,953,000 after purchasing an additional 524,646 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Coeur Mining by 34.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 12,872,677 shares of the basic materials company’s stock worth $241,484,000 after purchasing an additional 3,291,431 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Insider Buying and Selling

In other Coeur Mining news, CFO Thomas S. Whelan sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $20.87, for a total transaction of $125,220.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Casey M. Nault sold 10,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $20.00, for a total transaction of $200,000.00. Following the completion of the transaction, the executive vice president owned 540,086 shares in the company, valued at $10,801,720. The trade was a 1.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 41,000 shares of company stock valued at $844,470. 0.90% of the stock is owned by insiders.

Analyst Ratings Changes

CDE has been the topic of several recent research reports. Scotiabank cut their price target on Coeur Mining from $28.50 to $26.50 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Zacks Research raised Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Cantor Fitzgerald downgraded 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, June 24th. Finally, Roth Capital set a $19.00 price target on Coeur Mining in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Coeur Mining presently has an average rating of “Moderate Buy” and a consensus target price of $25.50.

Coeur Mining Stock Performance

Shares of CDE opened at $21.42 on Thursday. The firm has a market capitalization of $22.02 billion, a P/E ratio of 18.31 and a beta of 1.39. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.65 and a quick ratio of 2.44. Coeur Mining, Inc. has a one year low of $13.55 and a one year high of $27.77. The business has a fifty day moving average of $17.39 and a 200 day moving average of $18.80.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.24 billion. During the same quarter in the prior year, the firm earned $0.20 earnings per share. The company’s revenue for the quarter was up 125.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Coeur Mining, Inc. will post 0.86 EPS for the current year.

Coeur Mining Company 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.