New York State Teachers Retirement System Purchases New Stake in Coeur Mining, Inc. $CDE

New York State Teachers Retirement System acquired a new position in Coeur Mining, Inc. (NYSE:CDE) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 34,300 shares of the basic materials company’s stock, valued at approximately $643,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its holdings in shares of Coeur Mining by 74.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 1,435 shares during the period. Luminist Capital LLC purchased a new position in Coeur Mining during the second quarter valued at approximately $40,000. Focus Partners Wealth acquired a new position in Coeur Mining in the 1st quarter valued at approximately $60,000. PNC Financial Services Group Inc. lifted its position in Coeur Mining by 180.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,894 shares of the basic materials company’s stock worth $70,000 after buying an additional 5,075 shares in the last quarter. Finally, Kathmere Capital Management LLC acquired a new stake in shares of Coeur Mining during the 2nd quarter valued at $89,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CDE shares. Raymond James Financial set a $21.00 price target on shares of Coeur Mining in a research note on Thursday, October 30th. TD Securities raised their price target on Coeur Mining from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. TD Cowen upgraded Coeur Mining to a “strong-buy” rating in a report on Monday, December 1st. Roth Capital lifted their target price on shares of Coeur Mining from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Finally, Wall Street Zen raised shares of Coeur Mining from a “hold” rating to a “buy” rating in a research report on Sunday, December 21st. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $16.75.

Coeur Mining Price Performance

Shares of NYSE:CDE opened at $22.86 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 2.00 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average price of $17.61 and a 200 day moving average price of $15.51. The company has a market cap of $14.68 billion, a price-to-earnings ratio of 34.63 and a beta of 1.24. Coeur Mining, Inc. has a twelve month low of $4.58 and a twelve month high of $23.61.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). Coeur Mining had a net margin of 24.03% and a return on equity of 15.52%. The business had revenue of $554.57 million during the quarter, compared to the consensus estimate of $511.20 million. During the same period in the prior year, the company posted $0.12 earnings per share. The firm’s revenue was up 76.9% compared to the same quarter last year. Research analysts predict that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Coeur Mining Profile

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.