Free Trial

Teacher Retirement System of Texas Invests $813,000 in Coeur Mining, Inc. (NYSE:CDE)

Coeur Mining logo with Basic Materials background

Teacher Retirement System of Texas purchased a new stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 137,266 shares of the basic materials company's stock, valued at approximately $813,000.

Several other large investors have also recently bought and sold shares of CDE. City State Bank boosted its stake in shares of Coeur Mining by 56.9% during the 1st 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 lifted its position in shares of Coeur Mining by 853.8% in the 4th 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 during the period. Optiver Holding B.V. lifted its position in shares of Coeur Mining by 150.5% in the 4th 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 during the period. DRW Securities LLC bought a new position in shares of Coeur Mining during the 4th quarter worth approximately $60,000. Finally, Total Wealth Planning & Management Inc. acquired a new stake in Coeur Mining in the 1st quarter valued at $61,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Kenneth J. Watkinson sold 12,350 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $7.40, for a total value of $91,390.00. Following the completion of the transaction, the chief accounting officer directly owned 122,104 shares of the company's stock, valued at $903,569.60. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 completion of the transaction, the director owned 188,362 shares of the company's stock, valued at $1,375,042.60. This trade represents a 24.33% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,061 shares of company stock valued at $667,775. 1.50% of the stock is owned by company insiders.

Coeur Mining Price Performance

Shares of CDE traded down $0.04 during midday trading on Friday, hitting $9.15. The company's stock had a trading volume of 4,834,918 shares, compared to its average volume of 13,352,627. Coeur Mining, Inc. has a one year low of $4.57 and a one year high of $9.97. The company's fifty day simple moving average is $8.68 and its two-hundred day simple moving average is $6.93. 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 stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of 35.14 and a beta of 1.32.

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

Analyst Ratings Changes

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

Check Out Our Latest Research Report on CDE

About Coeur Mining

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Coeur Mining (NYSE:CDE)

Should You Invest $1,000 in Coeur Mining Right Now?

Before you consider Coeur Mining, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coeur Mining wasn't on the list.

While Coeur Mining currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Options Trading Made Easy - Download Now Cover

Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Pelosi Makes Big Bet on Broadcom—Here’s Why It Matters
This Strategy Beat the S&P—And Most Investors Ignore It
NVDA Greenlight: China Sales Spark 50% Rally Potential

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines