Public Employees Retirement System of Ohio Has $30,000 Stock Position in Coeur Mining, Inc. $CDE

Public Employees Retirement System of Ohio decreased its stake in shares of Coeur Mining, Inc. (NYSE:CDE) by 97.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,352 shares of the basic materials company’s stock after selling 154,336 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Coeur Mining were worth $30,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. MAI Capital Management acquired a new position in shares of Coeur Mining during the 1st quarter worth approximately $25,000. Summer Road LLC acquired a new position in shares of Coeur Mining during the 1st quarter worth approximately $28,000. State of Wyoming acquired a new position in shares of Coeur Mining during the 1st quarter worth approximately $52,000. Banque Cantonale Vaudoise acquired a new position in shares of Coeur Mining during the 1st quarter worth approximately $53,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Coeur Mining during the 1st quarter worth approximately $60,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Stock Performance

NYSE:CDE opened at $21.02 on Thursday. The stock has a fifty day moving average price of $14.38 and a 200-day moving average price of $9.95. The company has a market cap of $13.51 billion, a price-to-earnings ratio of 56.81 and a beta of 1.23. 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, Inc. has a fifty-two week low of $4.58 and a fifty-two week high of $21.04.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, August 6th. The basic materials company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $480.65 million during the quarter, compared to the consensus estimate of $438.40 million. Coeur Mining had a return on equity of 14.38% and a net margin of 13.06%.The company’s revenue was up 116.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.01) EPS. As a group, equities analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Insider Activity

In other news, CAO Kenneth J. Watkinson sold 8,000 shares of the company’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $11.62, for a total transaction of $92,960.00. Following the completion of the sale, the chief accounting officer directly owned 143,007 shares in the company, valued at approximately $1,661,741.34. This represents a 5.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Pierre Beaudoin sold 48,362 shares of the company’s stock in a transaction 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 sale, the director owned 140,000 shares of the company’s stock, valued at approximately $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. In the last quarter, insiders sold 516,619 shares of company stock worth $6,626,362. 1.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CDE shares. Zacks Research raised Coeur Mining to a “hold” rating in a report on Tuesday, August 12th. National Bankshares set a $12.00 target price on Coeur Mining in a report on Friday, June 13th. Roth Capital set a $20.00 target price on Coeur Mining and gave the stock a “buy” rating in a report on Friday, October 3rd. National Bank Financial raised Coeur Mining to a “strong-buy” rating in a report on Thursday, June 12th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Coeur Mining in a report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Coeur Mining presently has an average rating of “Buy” and an average price target of $11.29.

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.