Teacher Retirement System of Texas grew its holdings in shares of Coeur Mining Inc (NYSE:CDE) by 317.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 62,626 shares of the basic materials company’s stock after acquiring an additional 47,622 shares during the period. Teacher Retirement System of Texas’ holdings in Coeur Mining were worth $470,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of Coeur Mining by 29.5% during the third quarter. Dimensional Fund Advisors LP now owns 6,029,110 shares of the basic materials company’s stock valued at $55,408,000 after acquiring an additional 1,374,250 shares during the last quarter. Investec Asset Management LTD raised its stake in shares of Coeur Mining by 0.5% during the third quarter. Investec Asset Management LTD now owns 3,375,037 shares of the basic materials company’s stock valued at $31,017,000 after acquiring an additional 18,285 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Coeur Mining by 6.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 879,873 shares of the basic materials company’s stock valued at $6,600,000 after acquiring an additional 56,009 shares during the last quarter. Foundry Partners LLC raised its stake in shares of Coeur Mining by 3.3% during the fourth quarter. Foundry Partners LLC now owns 737,975 shares of the basic materials company’s stock valued at $5,535,000 after acquiring an additional 23,518 shares during the last quarter. Finally, Ninepoint Partners LP bought a new position in shares of Coeur Mining during the third quarter valued at $6,378,000. 75.18% of the stock is owned by hedge funds and other institutional investors.
In related news, COO Frank L. Jr. Hanagarne sold 5,684 shares of Coeur Mining stock in a transaction on Friday, January 12th. The shares were sold at an average price of $8.50, for a total transaction of $48,314.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Peter C. Mitchell sold 10,000 shares of Coeur Mining stock in a transaction on Monday, February 26th. The stock was sold at an average price of $7.97, for a total transaction of $79,700.00. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.
Coeur Mining Inc (NYSE CDE) opened at $8.27 on Friday. Coeur Mining Inc has a 52 week low of $6.71 and a 52 week high of $10.24. The firm has a market cap of $1,548.44, a price-to-earnings ratio of -827.00 and a beta of 0.58. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.39 and a current ratio of 1.97.
Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, February 7th. The basic materials company reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. Coeur Mining had a negative net margin of 0.17% and a positive return on equity of 1.51%. The business had revenue of $214.60 million during the quarter, compared to the consensus estimate of $228.64 million. During the same quarter last year, the firm earned $0.34 earnings per share. Coeur Mining’s quarterly revenue was up 54.2% on a year-over-year basis. analysts expect that Coeur Mining Inc will post 0.12 EPS for the current fiscal year.
Several equities analysts have recently issued reports on the stock. Canaccord Genuity downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating and raised their price target for the company from $7.86 to $8.50 in a research note on Tuesday, March 6th. BMO Capital Markets set a $10.00 price target on shares of Coeur Mining and gave the company a “buy” rating in a research note on Tuesday, February 27th. ValuEngine downgraded shares of Coeur Mining from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Noble Financial reaffirmed a “hold” rating on shares of Coeur Mining in a research note on Thursday, January 11th. Finally, Zacks Investment Research raised shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Coeur Mining currently has a consensus rating of “Hold” and an average target price of $9.67.
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Coeur Mining Company Profile
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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