Strs Ohio Purchases Shares of 118,100 Coeur Mining, Inc. $CDE

Key Points

• Strs Ohio has made a new investment of approximately $699,000 in Coeur Mining, acquiring 118,100 shares of the company during the first quarter.
• Coeur Mining's stock has shown significant performance, with a 12-month high of $17.48 and a 12-month low of $4.58.
• The company recently reported an earnings per share (EPS) of $0.20, exceeding analysts' expectations, with revenue increasing by 116.5% year-over-year.

Strs Ohio bought a new stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 118,100 shares of the basic materials company's stock, valued at approximately $699,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CDE. Vanguard Group Inc. grew its stake in Coeur Mining by 57.3% in the first quarter. Vanguard Group Inc. now owns 64,003,856 shares of the basic materials company's stock valued at $378,903,000 after purchasing an additional 23,303,638 shares during the last quarter. Sprott Inc. grew its stake in Coeur Mining by 889.3% in the first quarter. Sprott Inc. now owns 11,324,856 shares of the basic materials company's stock valued at $66,963,000 after purchasing an additional 10,180,102 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Coeur Mining by 72.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,040,649 shares of the basic materials company's stock valued at $106,801,000 after purchasing an additional 7,579,901 shares during the last quarter. Pale Fire Capital SE purchased a new position in Coeur Mining in the first quarter valued at about $29,143,000. Finally, Nuveen LLC purchased a new position in Coeur Mining in the first quarter valued at about $27,519,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

Insider Transactions at Coeur Mining

In related news, SVP Aoife Mcgrath sold 8,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $11.69, for a total value of $93,520.00. Following the sale, the senior vice president owned 203,318 shares in the company, valued at $2,376,787.42. This represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Pierre Beaudoin sold 48,362 shares of the business's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $11.57, for a total value of $559,548.34. Following the completion of the transaction, the director directly owned 140,000 shares of the company's stock, valued at $1,619,800. The trade was a 25.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 516,619 shares of company stock valued at $6,626,362 over the last quarter. Company insiders own 1.56% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CDE shares. National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a research note on Thursday, June 12th. BMO Capital Markets boosted their price target on Coeur Mining from $11.00 to $12.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. National Bankshares set a $12.00 price target on Coeur Mining in a research note on Friday, June 13th. Zacks Research upgraded Coeur Mining to a "hold" rating in a research note on Tuesday, August 12th. Finally, Roth Capital restated a "buy" rating and set a $13.00 price target on shares of Coeur Mining in a research note on Thursday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Coeur Mining currently has an average rating of "Buy" and a consensus price target of $9.79.

Coeur Mining Stock Performance

NYSE CDE traded up $0.37 during trading hours on Tuesday, reaching $18.24. The stock had a trading volume of 2,745,964 shares, compared to its average volume of 16,473,826. The stock has a fifty day moving average of $12.09 and a 200 day moving average of $8.94. The stock has a market cap of $11.72 billion, a P/E ratio of 49.38 and a beta of 1.19. Coeur Mining, Inc. has a 52-week low of $4.58 and a 52-week high of $18.37. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.60 and a current ratio of 1.61.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its earnings results on Wednesday, August 6th. The basic materials company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.02. The firm had revenue of $480.65 million for the quarter, compared to analyst estimates of $438.40 million. Coeur Mining had a return on equity of 14.38% and a net margin of 13.06%.Coeur Mining's revenue for the quarter was up 116.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. Sell-side analysts predict that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Coeur Mining Company 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.