Teacher Retirement System of Texas grew its stake in shares of Coeur Mining Inc (NYSE:CDE) by 317.4% in the fourth quarter, according to its most recent filing 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 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. Foundry Partners LLC lifted its position in shares of Coeur Mining by 3.3% during the 4th 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. SG Americas Securities LLC lifted its position in shares of Coeur Mining by 50.0% during the 4th quarter. SG Americas Securities LLC now owns 43,371 shares of the basic materials company’s stock valued at $325,000 after acquiring an additional 14,453 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Coeur Mining by 6.8% during the 4th 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. U S Global Investors Inc. lifted its position in shares of Coeur Mining by 84.8% during the 3rd quarter. U S Global Investors Inc. now owns 200,000 shares of the basic materials company’s stock valued at $1,838,000 after acquiring an additional 91,776 shares during the last quarter. Finally, Royce & Associates LP acquired a new stake in shares of Coeur Mining during the 3rd quarter valued at $6,203,000. Institutional investors own 75.12% of the company’s stock.
Shares of NYSE:CDE traded down $0.22 during midday trading on Friday, hitting $8.07. 3,139,559 shares of the stock were exchanged, compared to its average volume of 3,300,938. The company has a current ratio of 1.97, a quick ratio of 1.39 and a debt-to-equity ratio of 0.47. 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 $1,537.32, a price-to-earnings ratio of 403.50 and a beta of 0.54.
Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. Coeur Mining had a positive return on equity of 1.51% and a negative net margin of 0.17%. The business had revenue of $214.60 million during the quarter, compared to analyst estimates of $228.64 million. During the same period last year, the company earned $0.34 earnings per share. Coeur Mining’s quarterly revenue was up 54.2% compared to the same quarter last year. sell-side analysts forecast that Coeur Mining Inc will post 0.12 EPS for the current year.
In related news, COO Frank L. Jr. Hanagarne sold 5,684 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $8.50, for a total transaction of $48,314.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Hans John Rasmussen sold 10,000 shares of the stock in a transaction on Friday, March 16th. The stock was sold at an average price of $8.15, for a total value of $81,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,684 shares of company stock valued at $209,514. 1.30% of the stock is owned by corporate insiders.
A number of research firms have recently issued reports on CDE. Canaccord Genuity upgraded Coeur Mining from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a report on Wednesday. BMO Capital Markets set a $10.00 target price on Coeur Mining and gave the company a “buy” rating in a report on Tuesday, February 27th. ValuEngine lowered Coeur Mining from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Noble Financial restated a “hold” rating on shares of Coeur Mining in a report on Thursday, January 11th. Finally, Raymond James Financial restated an “outperform” rating and issued a $9.50 target price on shares of Coeur Mining in a report on Friday, March 23rd. Three analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. Coeur Mining has a consensus rating of “Hold” and an average target price of $9.80.
ILLEGAL ACTIVITY WARNING: This story was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The original version of this story can be read at https://www.dispatchtribunal.com/2018/04/07/teacher-retirement-system-of-texas-has-470000-stake-in-coeur-mining-inc-cde.html.
Coeur Mining 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.
Receive News & Ratings for Coeur Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coeur Mining and related companies with MarketBeat.com's FREE daily email newsletter.