Coeur Mining, Inc. (NYSE:CDE) Shares Purchased by Arizona State Retirement System

Arizona State Retirement System lifted its position in Coeur Mining, Inc. (NYSE:CDE) by 4.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,725 shares of the basic materials company’s stock after acquiring an additional 3,899 shares during the quarter. Arizona State Retirement System’s holdings in Coeur Mining were worth $322,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Raymond James & Associates raised its stake in Coeur Mining by 6.4% during the first quarter. Raymond James & Associates now owns 50,555 shares of the basic materials company’s stock worth $225,000 after acquiring an additional 3,050 shares during the period. American International Group Inc. grew its holdings in shares of Coeur Mining by 2.6% during the second quarter. American International Group Inc. now owns 130,408 shares of the basic materials company’s stock valued at $396,000 after purchasing an additional 3,343 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Coeur Mining by 1.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 247,169 shares of the basic materials company’s stock worth $806,000 after purchasing an additional 4,175 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Coeur Mining by 25.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 22,225 shares of the basic materials company’s stock worth $76,000 after purchasing an additional 4,487 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Coeur Mining by 3.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 133,322 shares of the basic materials company’s stock valued at $448,000 after purchasing an additional 4,642 shares during the period. 63.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CDE. National Bank Financial reaffirmed an “outperform spec market weight” rating on shares of Coeur Mining in a research report on Monday, April 8th. BMO Capital Markets lifted their price objective on shares of Coeur Mining from $3.50 to $4.25 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. Roth Mkm assumed coverage on shares of Coeur Mining in a research note on Tuesday, April 9th. They set a “buy” rating and a $5.40 target price for the company. Raymond James raised their price target on shares of Coeur Mining from $3.75 to $4.00 and gave the company a “market perform” rating in a research note on Monday, April 8th. Finally, Roth Capital reissued a “buy” rating on shares of Coeur Mining in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $4.21.

Coeur Mining Stock Up 1.4 %

CDE opened at $4.50 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.38 and a current ratio of 0.92. The company has a market capitalization of $1.75 billion, a PE ratio of -14.52 and a beta of 1.82. The stock’s fifty day moving average is $3.46 and its 200-day moving average is $3.01. Coeur Mining, Inc. has a one year low of $2.00 and a one year high of $5.47.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, February 21st. The basic materials company reported ($0.02) EPS for the quarter. Coeur Mining had a negative return on equity of 7.79% and a negative net margin of 12.62%. The business had revenue of $262.10 million during the quarter.

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.