State of New Jersey Common Pension Fund D Sells 15,149 Shares of Coeur Mining, Inc. (NYSE:CDE)

State of New Jersey Common Pension Fund D reduced its stake in Coeur Mining, Inc. (NYSE:CDE) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 312,867 shares of the basic materials company’s stock after selling 15,149 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.08% of Coeur Mining worth $2,153,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Ballentine Partners LLC lifted its holdings in shares of Coeur Mining by 18.3% during the second quarter. Ballentine Partners LLC now owns 14,435 shares of the basic materials company’s stock valued at $81,000 after acquiring an additional 2,232 shares during the period. Ameritas Investment Partners Inc. boosted its position in Coeur Mining by 12.7% in the first quarter. Ameritas Investment Partners Inc. now owns 35,796 shares of the basic materials company’s stock valued at $135,000 after buying an additional 4,030 shares in the last quarter. CWM LLC grew its stake in Coeur Mining by 831.5% during the second quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock worth $28,000 after buying an additional 4,490 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Coeur Mining by 32.4% during the first quarter. Russell Investments Group Ltd. now owns 24,337 shares of the basic materials company’s stock worth $92,000 after buying an additional 5,956 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Coeur Mining by 59.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,024 shares of the basic materials company’s stock valued at $90,000 after acquiring an additional 5,993 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Performance

Shares of NYSE:CDE opened at $6.23 on Friday. The stock has a market capitalization of $2.49 billion, a P/E ratio of -207.60 and a beta of 1.65. The company has a current ratio of 1.09, a quick ratio of 0.39 and a debt-to-equity ratio of 0.53. Coeur Mining, Inc. has a 1-year low of $2.30 and a 1-year high of $7.72. The business has a 50-day moving average price of $6.60 and a two-hundred day moving average price of $6.06.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.05. Coeur Mining had a negative net margin of 0.44% and a positive return on equity of 1.78%. The business had revenue of $313.50 million for the quarter, compared to analyst estimates of $289.19 million. During the same period in the prior year, the business posted ($0.05) earnings per share. Coeur Mining’s revenue was up 61.1% compared to the same quarter last year. Equities analysts predict that Coeur Mining, Inc. will post 0.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CDE. Roth Mkm reaffirmed a “buy” rating and set a $8.50 price target (down from $9.00) on shares of Coeur Mining in a report on Friday, November 8th. BMO Capital Markets raised their target price on Coeur Mining from $7.50 to $8.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Raymond James upped their price target on shares of Coeur Mining from $6.25 to $7.00 and gave the stock a “market perform” rating in a research report on Friday, September 20th. Canaccord Genuity Group raised their price objective on shares of Coeur Mining from $7.00 to $7.75 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, Cantor Fitzgerald upgraded shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Coeur Mining presently has a consensus rating of “Moderate Buy” and an average price target of $7.81.

Coeur Mining Company 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.