VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Position in Coeur Mining, Inc. $CDE

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Coeur Mining, Inc. (NYSE:CDE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 108,650 shares of the basic materials company’s stock, valued at approximately $1,937,000.

A number of other hedge funds have also recently modified their holdings of CDE. Van ECK Associates Corp grew its holdings in shares of Coeur Mining by 55.8% in the third quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company’s stock valued at $1,238,201,000 after purchasing an additional 23,646,265 shares during the period. Tidal Investments LLC lifted its position in Coeur Mining by 55.3% in the second quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock valued at $183,709,000 after buying an additional 7,382,955 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Coeur Mining by 36.3% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,857,511 shares of the basic materials company’s stock valued at $447,567,000 after buying an additional 6,352,828 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Coeur Mining by 38.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 14,303,254 shares of the basic materials company’s stock valued at $268,329,000 after buying an additional 3,982,085 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Coeur Mining by 122.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company’s stock valued at $14,393,000 after buying an additional 1,339,138 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CDE shares. ATB Cormark Capital Markets raised shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, March 24th. Canadian Imperial Bank of Commerce started coverage on shares of Coeur Mining in a research report on Tuesday, March 10th. They issued an “outperform” rating and a $40.00 target price on the stock. Roth Mkm reaffirmed a “buy” rating and issued a $25.00 target price on shares of Coeur Mining in a research report on Friday, May 8th. Cantor Fitzgerald cut shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a research report on Thursday, May 7th. Finally, Zacks Research raised shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.56.

Coeur Mining Stock Down 9.3%

Shares of CDE opened at $17.60 on Friday. The stock has a market capitalization of $18.21 billion, a PE ratio of 15.17 and a beta of 1.24. Coeur Mining, Inc. has a 1 year low of $7.15 and a 1 year high of $27.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.14 and a current ratio of 3.73. The company’s 50-day simple moving average is $19.35 and its 200-day simple moving average is $19.37.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $856.19 million for the quarter, compared to analyst estimates of $815.59 million. Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.The firm’s revenue for the quarter was up 137.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.11 EPS. Analysts forecast that Coeur Mining, Inc. will post 1.46 earnings per share for the current fiscal year.

Coeur Mining Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 25th will be given a dividend of $0.02 per share. This represents a dividend yield of 20.0%. The ex-dividend date of this dividend is Friday, May 22nd. Coeur Mining’s dividend payout ratio is currently 3.45%.

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.