VIRGINIA RETIREMENT SYSTEMS ET Al Buys New Stake in Coeur Mining, Inc. $CDE

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Coeur Mining, Inc. (NYSE:CDE) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 108,650 shares of the basic materials company’s stock, valued at approximately $1,937,000.

A number of other large investors also recently added to or reduced their stakes in CDE. AQR Capital Management LLC raised its position in Coeur Mining by 60.2% during the first quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock worth $4,434,000 after acquiring an additional 281,489 shares during the period. Goldman Sachs Group Inc. raised its position in Coeur Mining by 18.1% during the first quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock worth $49,449,000 after acquiring an additional 1,278,110 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Coeur Mining by 122.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company’s stock worth $14,393,000 after acquiring an additional 1,339,138 shares during the period. Focus Partners Wealth acquired a new position in Coeur Mining during the first quarter worth $60,000. Finally, Intech Investment Management LLC raised its position in Coeur Mining by 58.4% during the first quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock worth $1,594,000 after acquiring an additional 99,256 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Coeur Mining Price Performance

Coeur Mining stock opened at $17.60 on Friday. Coeur Mining, Inc. has a 52-week low of $7.15 and a 52-week high of $27.77. The firm has a market capitalization of $18.21 billion, a price-to-earnings ratio of 15.17 and a beta of 1.24. The company has a fifty day simple moving average of $19.35 and a 200-day simple moving average of $19.37. The company has a quick ratio of 2.14, a current ratio of 3.73 and a debt-to-equity ratio of 0.07.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.The business had revenue of $856.19 million for the quarter, compared to analysts’ expectations of $815.59 million. During the same period in the previous year, the company earned $0.11 EPS. Coeur Mining’s quarterly revenue was up 137.8% compared to the same quarter last year. On average, equities analysts anticipate that Coeur Mining, Inc. will post 1.46 EPS for the current fiscal year.

Coeur Mining Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 25th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a dividend yield of 20.0%. Coeur Mining’s dividend payout ratio is currently 3.45%.

Analyst Ratings Changes

A number of research firms have weighed in on CDE. Roth Mkm restated a “buy” rating and set a $25.00 price objective on shares of Coeur Mining in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce began coverage on shares of Coeur Mining in a research report on Tuesday, March 10th. They set an “outperform” rating and a $40.00 price objective for the company. Wall Street Zen lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Canaccord Genuity Group raised shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Wednesday, April 29th. Finally, Cantor Fitzgerald lowered shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price for the company. in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.56.

About Coeur Mining

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.