328,016 Shares in Coeur Mining, Inc. (NYSE:CDE) Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D purchased a new stake in shares of Coeur Mining, Inc. (NYSE:CDE) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 328,016 shares of the basic materials company’s stock, valued at approximately $1,843,000. State of New Jersey Common Pension Fund D owned about 0.08% of Coeur Mining as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CDE. Ballentine Partners LLC boosted its holdings in Coeur Mining by 18.3% in the 2nd quarter. Ballentine Partners LLC now owns 14,435 shares of the basic materials company’s stock valued at $81,000 after purchasing an additional 2,232 shares during the period. Ameritas Investment Partners Inc. boosted its stake in Coeur Mining by 12.7% during the first quarter. Ameritas Investment Partners Inc. now owns 35,796 shares of the basic materials company’s stock worth $135,000 after buying an additional 4,030 shares in the last quarter. CWM LLC increased its holdings in Coeur Mining by 831.5% in the 2nd quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock valued at $28,000 after buying an additional 4,490 shares during the period. Marotta Asset Management raised its stake in shares of Coeur Mining by 50.0% in the 1st quarter. Marotta Asset Management now owns 15,000 shares of the basic materials company’s stock valued at $57,000 after buying an additional 5,000 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Coeur Mining by 32.4% during the 1st quarter. Russell Investments Group Ltd. now owns 24,337 shares of the basic materials company’s stock worth $92,000 after acquiring an additional 5,956 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Coeur Mining Stock Down 1.9 %

Shares of CDE opened at $6.84 on Tuesday. The business’s 50 day simple moving average is $6.13 and its 200-day simple moving average is $5.38. Coeur Mining, Inc. has a one year low of $2.00 and a one year high of $7.39. The company has a market capitalization of $2.73 billion, a P/E ratio of -22.05 and a beta of 1.64. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.20 and a quick ratio of 0.45.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $222.03 million during the quarter, compared to analyst estimates of $242.18 million. Coeur Mining had a negative return on equity of 4.59% and a negative net margin of 8.33%. The firm’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period last year, the company posted ($0.06) earnings per share. As a group, sell-side analysts predict that Coeur Mining, Inc. will post 0.08 EPS for the current fiscal year.

Analysts Set New Price Targets

CDE has been the topic of a number of analyst reports. Cantor Fitzgerald cut shares of Coeur Mining from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 8th. BMO Capital Markets increased their target price on Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a report on Monday. Roth Mkm reaffirmed a “buy” rating and issued a $8.00 price target (up previously from $7.25) on shares of Coeur Mining in a research note on Friday, August 9th. Finally, Raymond James upped their price target on Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7.67.

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.