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

Arizona State Retirement System raised its position in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 58.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 183,104 shares of the basic materials company's stock after purchasing an additional 67,224 shares during the quarter. Arizona State Retirement System's holdings in Coeur Mining were worth $1,084,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. City State Bank grew its stake in shares of Coeur Mining by 56.9% in the first quarter. City State Bank now owns 6,274 shares of the basic materials company's stock worth $37,000 after acquiring an additional 2,274 shares in the last quarter. Quarry LP grew its stake in shares of Coeur Mining by 853.8% in the fourth quarter. Quarry LP now owns 6,667 shares of the basic materials company's stock worth $38,000 after acquiring an additional 5,968 shares in the last quarter. Optiver Holding B.V. grew its stake in shares of Coeur Mining by 150.5% in the fourth quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock worth $47,000 after acquiring an additional 4,903 shares in the last quarter. DRW Securities LLC acquired a new position in shares of Coeur Mining in the fourth quarter worth $60,000. Finally, Total Wealth Planning & Management Inc. acquired a new position in shares of Coeur Mining in the first quarter worth $61,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

Coeur Mining Stock Down 1.1%

Shares of CDE opened at $9.08 on Monday. The firm has a market cap of $5.81 billion, a PE ratio of 34.92 and a beta of 1.32. The company's fifty day moving average is $8.70 and its two-hundred day moving average is $6.96. Coeur Mining, Inc. has a fifty-two week low of $4.57 and a fifty-two week high of $9.97. The company has a quick ratio of 0.62, a current ratio of 1.93 and a debt-to-equity ratio of 0.17.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.12. Coeur Mining had a net margin of 10.11% and a return on equity of 9.96%. The business's revenue for the quarter was up 69.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.05) EPS. Analysts forecast that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. National Bankshares set a $12.00 price target on shares of Coeur Mining in a research note on Friday, June 13th. Raymond James Financial reiterated an "outperform" rating and set a $8.50 target price on shares of Coeur Mining in a research note on Wednesday, April 2nd. Roth Capital reiterated a "buy" rating and set a $12.00 target price (up previously from $10.00) on shares of Coeur Mining in a research note on Tuesday, July 1st. Finally, National Bank Financial upgraded shares of Coeur Mining to a "strong-buy" rating in a research note on Thursday, June 12th. One analyst has rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Coeur Mining currently has a consensus rating of "Buy" and an average target price of $9.21.

Insider Buying and Selling

In related news, Director Eduardo Luna sold 17,160 shares of Coeur Mining stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $7.83, for a total transaction of $134,362.80. Following the sale, the director owned 101,841 shares of the company's stock, valued at $797,415.03. The trade was a 14.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Kenneth J. Watkinson sold 12,350 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $7.40, for a total transaction of $91,390.00. Following the completion of the sale, the chief accounting officer directly owned 122,104 shares of the company's stock, valued at $903,569.60. The trade was a 9.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,061 shares of company stock valued at $667,775 in the last quarter. Company insiders own 1.56% of the company's stock.

Coeur Mining Profile

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.

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