255,456 Shares in Coeur Mining, Inc. $CDE Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Coeur Mining, Inc. (NYSE:CDE) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 255,456 shares of the basic materials company’s stock, valued at approximately $4,169,000.

Several other hedge funds have also bought and sold shares of CDE. 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. California State Teachers Retirement System boosted its position in shares of Coeur Mining by 2,107.0% in the 2nd quarter. California State Teachers Retirement System now owns 26,468,951 shares of the basic materials company’s stock worth $431,973,000 after purchasing an additional 25,269,622 shares in the last quarter. State Street Corp boosted its position in shares of Coeur Mining by 6.7% in the 4th quarter. State Street Corp now owns 24,250,702 shares of the basic materials company’s stock worth $432,390,000 after purchasing an additional 1,529,394 shares in the last quarter. Tidal Investments LLC grew its stake in shares of Coeur Mining by 55.3% in the 2nd quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock worth $183,709,000 after buying an additional 7,382,955 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Coeur Mining by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 15,586,550 shares of the basic materials company’s stock worth $277,953,000 after buying an additional 524,646 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Insider Activity

In other Coeur Mining news, Director J. Kenneth Thompson sold 25,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $20.77, for a total value of $519,250.00. Following the completion of the transaction, the director owned 257,333 shares of the company’s stock, valued at approximately $5,344,806.41. The trade was a 8.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Casey M. Nault sold 10,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $20.00, for a total value of $200,000.00. Following the completion of the transaction, the executive vice president directly owned 540,086 shares of the company’s stock, valued at approximately $10,801,720. This trade represents a 1.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 51,000 shares of company stock valued at $1,055,070 over the last ninety days. 0.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CDE. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Coeur Mining in a research report on Wednesday, June 24th. Roth Capital set a $19.00 price target on Coeur Mining in a report on Friday, August 7th. Scotiabank lowered their price target on Coeur Mining from $28.50 to $26.50 and set an “outperform” rating for the company in a research report on Friday, August 7th. Finally, Zacks Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.50.

Coeur Mining Price Performance

Shares of NYSE CDE opened at $21.01 on Thursday. Coeur Mining, Inc. has a twelve month low of $13.55 and a twelve month high of $27.77. The firm has a market cap of $21.60 billion, a P/E ratio of 17.96 and a beta of 1.39. The company has a 50 day moving average of $17.89 and a 200 day moving average of $18.75. The company has a quick ratio of 2.44, a current ratio of 3.65 and a debt-to-equity ratio of 0.07.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, August 5th. The basic materials company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.14). The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. The business’s revenue for the quarter was up 125.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.20 earnings per share. As a group, research analysts expect that Coeur Mining, Inc. will post 0.86 EPS for the current fiscal year.

Coeur Mining Profile

Coeur Mining, Inc (NYSE: CDE) is a precious metals mining company that explores for, develops, and produces gold and silver. The company’s activities include mine operations, mineral exploration, project development, processing, and the sale of refined or doré metals to commercial customers.

Coeur’s operating and development portfolio has included assets in the United States, Mexico, and Canada. Key operations have included the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, the Palmarejo silver-gold complex in Chihuahua, Mexico, and the Las Chispas silver-gold operation in Sonora, Mexico.