Coeur Mining Inc (CDE) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System reduced its stake in shares of Coeur Mining Inc (NYSE:CDE) by 9.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 290,076 shares of the basic materials company’s stock after selling 30,877 shares during the period. California State Teachers Retirement System owned 0.16% of Coeur Mining worth $2,666,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Virtu KCG Holdings LLC grew its holdings in shares of Coeur Mining by 1.7% during the 2nd quarter. Virtu KCG Holdings LLC now owns 34,538 shares of the basic materials company’s stock valued at $293,000 after acquiring an additional 569 shares in the last quarter. Suntrust Banks Inc. grew its holdings in shares of Coeur Mining by 2.8% during the 2nd quarter. Suntrust Banks Inc. now owns 22,566 shares of the basic materials company’s stock valued at $193,000 after acquiring an additional 619 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Coeur Mining by 0.7% in the 2nd quarter. Principal Financial Group Inc. now owns 99,301 shares of the basic materials company’s stock valued at $852,000 after purchasing an additional 663 shares during the last quarter. Nationwide Fund Advisors lifted its stake in shares of Coeur Mining by 0.8% in the 2nd quarter. Nationwide Fund Advisors now owns 106,748 shares of the basic materials company’s stock valued at $916,000 after purchasing an additional 840 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Coeur Mining by 0.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 138,812 shares of the basic materials company’s stock valued at $1,191,000 after purchasing an additional 1,038 shares during the last quarter. Institutional investors and hedge funds own 69.73% of the company’s stock.

CDE has been the subject of several analyst reports. Raymond James Financial lifted their price objective on shares of Coeur Mining from $9.50 to $12.50 and gave the company a “market perform” rating in a research note on Friday, September 15th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Coeur Mining in a research note on Wednesday, September 27th. Roth Capital set a $13.00 price objective on shares of Coeur Mining and gave the company a “buy” rating in a research note on Thursday, October 5th. Zacks Investment Research raised shares of Coeur Mining from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, Noble Financial reaffirmed a “hold” rating on shares of Coeur Mining in a research note on Tuesday, October 31st. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $10.29.

Coeur Mining Inc (NYSE:CDE) opened at $8.55 on Friday. The company has a quick ratio of 2.51, a current ratio of 3.68 and a debt-to-equity ratio of 0.36. Coeur Mining Inc has a 52-week low of $6.71 and a 52-week high of $12.30.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, October 25th. The basic materials company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.17). The firm had revenue of $176.00 million for the quarter, compared to analyst estimates of $185.09 million. Coeur Mining had a negative return on equity of 1.37% and a negative net margin of 2.41%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 EPS. equities analysts forecast that Coeur Mining Inc will post -0.05 earnings per share for the current fiscal year.

In other Coeur Mining news, CFO Peter C. Mitchell sold 10,000 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $7.67, for a total transaction of $76,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Mark Spurbeck sold 15,000 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $7.42, for a total transaction of $111,300.00. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

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About Coeur Mining

Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.

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Institutional Ownership by Quarter for Coeur Mining (NYSE:CDE)

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