State of Alaska Department of Revenue Takes Position in Coeur Mining, Inc. $CDE

State of Alaska Department of Revenue acquired a new stake in Coeur Mining, Inc. (NYSE:CDE) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 47,520 shares of the basic materials company’s stock, valued at approximately $847,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sound Income Strategies LLC lifted its holdings in shares of Coeur Mining by 99.2% during the fourth quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 996 shares during the period. Savant Capital LLC lifted its holdings in shares of Coeur Mining by 2.3% during the third quarter. Savant Capital LLC now owns 46,551 shares of the basic materials company’s stock worth $873,000 after purchasing an additional 1,066 shares during the period. Zacks Investment Management lifted its holdings in shares of Coeur Mining by 0.8% during the third quarter. Zacks Investment Management now owns 165,988 shares of the basic materials company’s stock worth $3,114,000 after purchasing an additional 1,246 shares during the period. Vise Technologies Inc. lifted its holdings in shares of Coeur Mining by 8.3% during the third quarter. Vise Technologies Inc. now owns 16,300 shares of the basic materials company’s stock worth $306,000 after purchasing an additional 1,255 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Coeur Mining by 74.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 1,435 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Stock Performance

Shares of Coeur Mining stock opened at $19.31 on Thursday. The company has a current ratio of 2.47, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $20.99 and a two-hundred day moving average price of $19.54. Coeur Mining, Inc. has a 1-year low of $5.21 and a 1-year high of $27.77. The company has a market cap of $12.40 billion, a P/E ratio of 22.20 and a beta of 1.33.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). Coeur Mining had a return on equity of 18.75% and a net margin of 28.31%.The business had revenue of $674.85 million for the quarter, compared to analyst estimates of $668.70 million. During the same quarter in the previous year, the business posted $0.11 earnings per share. The business’s revenue was up 120.9% on a year-over-year basis. As a group, analysts anticipate that Coeur Mining, Inc. will post 1.42 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CDE shares. ATB Cormark Capital Markets raised Coeur Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, March 24th. Roth Mkm reissued a “buy” rating and issued a $29.00 price target on shares of Coeur Mining in a research note on Thursday, February 19th. Canaccord Genuity Group cut Coeur Mining from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. Zacks Research cut Coeur Mining from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 1st. Finally, Canadian Imperial Bank of Commerce initiated coverage on shares of Coeur Mining in a research report on Tuesday, March 10th. They issued an “outperform” rating and a $40.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.67.

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.