Coeur Mining, Inc. (NYSE:CDE) Holdings Lifted by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lifted its position in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 3,685.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 181,131 shares of the basic materials company's stock after purchasing an additional 176,346 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Coeur Mining were worth $1,036,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Quarry LP increased its position 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. raised its position in 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 valued at $47,000 after purchasing an additional 4,903 shares during the period. ZEGA Investments LLC acquired a new position in shares of Coeur Mining during the fourth quarter worth about $64,000. DRW Securities LLC purchased a new stake in shares of Coeur Mining in the fourth quarter worth about $60,000. Finally, Freestone Grove Partners LP purchased a new stake in shares of Coeur Mining in the fourth quarter worth about $65,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Coeur Mining Stock Down 0.8%

NYSE:CDE traded down $0.08 during mid-day trading on Friday, reaching $9.38. The stock had a trading volume of 18,596,154 shares, compared to its average volume of 12,774,581. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39. The company has a market capitalization of $6.00 billion, a price-to-earnings ratio of 78.17 and a beta of 1.31. Coeur Mining, Inc. has a 1-year low of $4.57 and a 1-year high of $9.69. The stock's 50 day simple moving average is $6.68 and its two-hundred day simple moving average is $6.38.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its earnings results on Wednesday, May 7th. The basic materials company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.12. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. During the same period last year, the business posted ($0.05) earnings per share. The company's revenue was up 69.0% compared to the same quarter last year. Equities analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on CDE shares. Raymond James reissued an "outperform" rating and set a $8.50 price target on shares of Coeur Mining in a research report on Wednesday, April 2nd. Cormark upgraded shares of Coeur Mining to a "moderate buy" rating in a research note on Thursday, February 20th. Roth Mkm dropped their price target on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a research note on Friday, February 21st. National Bank Financial raised shares of Coeur Mining to a "strong-buy" rating in a research report on Friday, March 21st. Finally, TD Securities assumed coverage on Coeur Mining in a research report on Tuesday, March 11th. They set a "buy" rating and a $7.00 target price on the stock. One investment analyst has rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $8.10.

Insiders Place Their Bets

In related news, Director Pierre Beaudoin sold 60,551 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $7.30, for a total value of $442,022.30. Following the sale, the director now owns 188,362 shares of the company's stock, valued at approximately $1,375,042.60. This trade represents a 24.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Eduardo Luna sold 17,160 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $7.83, for a total value of $134,362.80. Following the completion of the sale, the director now owns 101,841 shares in the company, valued at $797,415.03. The trade was a 14.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,061 shares of company stock valued at $667,775. Company insiders own 1.50% 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.