Coeur Mining, Inc. (NYSE:CDE) Position Increased by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 76.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 194,026 shares of the basic materials company's stock after purchasing an additional 84,200 shares during the quarter. New York State Common Retirement Fund's holdings in Coeur Mining were worth $1,149,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Coeur Mining by 8.5% during the fourth quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company's stock valued at $232,805,000 after buying an additional 3,178,785 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Coeur Mining by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 17,157,325 shares of the basic materials company's stock valued at $98,137,000 after buying an additional 282,885 shares in the last quarter. Tidal Investments LLC lifted its position in Coeur Mining by 11.1% during the fourth quarter. Tidal Investments LLC now owns 13,343,775 shares of the basic materials company's stock valued at $76,326,000 after buying an additional 1,332,684 shares in the last quarter. Two Sigma Investments LP lifted its position in Coeur Mining by 57.8% during the fourth quarter. Two Sigma Investments LP now owns 7,210,595 shares of the basic materials company's stock valued at $41,245,000 after buying an additional 2,641,310 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its position in Coeur Mining by 404.6% during the fourth quarter. Two Sigma Advisers LP now owns 5,089,100 shares of the basic materials company's stock valued at $29,110,000 after buying an additional 4,080,600 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Coeur Mining Stock Down 1.9%

Shares of NYSE CDE traded down $0.18 during trading on Monday, reaching $9.10. 8,229,134 shares of the stock were exchanged, compared to its average volume of 9,548,653. The business's 50-day moving average price is $8.93 and its 200 day moving average price is $7.10. Coeur Mining, Inc. has a twelve month low of $4.57 and a twelve month 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. The company has a market capitalization of $5.82 billion, a price-to-earnings ratio of 35.00 and a beta of 1.32.

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

Insider Activity at Coeur Mining

In related news, Director Pierre Beaudoin sold 60,551 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $7.30, for a total value of $442,022.30. Following the sale, the director directly owned 188,362 shares of the company's stock, valued at $1,375,042.60. This represents a 24.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Kenneth J. Watkinson sold 12,350 shares of the company's stock in a transaction on Friday, May 9th. The shares were 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 in the company, valued at $903,569.60. This represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,061 shares of company stock valued at $667,775 over the last ninety days. Corporate insiders own 1.56% of the company's stock.

Analyst Ratings Changes

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

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.