California Public Employees Retirement System Buys 453,156 Shares of Coeur Mining, Inc. $CDE

California Public Employees Retirement System grew its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 40.9% during the first quarter, Holdings Channel.com reports. The fund owned 1,562,257 shares of the basic materials company’s stock after purchasing an additional 453,156 shares during the quarter. California Public Employees Retirement System’s holdings in Coeur Mining were worth $29,324,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Allworth Financial LP grew its stake in shares of Coeur Mining by 20.9% in the 4th quarter. Allworth Financial LP now owns 2,994 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 517 shares in the last quarter. Grand Central Investment Group lifted its position in shares of Coeur Mining by 1.5% during the first quarter. Grand Central Investment Group now owns 40,514 shares of the basic materials company’s stock valued at $760,000 after purchasing an additional 612 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in Coeur Mining by 7.5% during the first quarter. Sanctuary Advisors LLC now owns 11,809 shares of the basic materials company’s stock worth $222,000 after purchasing an additional 820 shares during the last quarter. Baader Bank Aktiengesellschaft boosted its holdings in Coeur Mining by 2.8% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 34,090 shares of the basic materials company’s stock worth $608,000 after purchasing an additional 935 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its holdings in Coeur Mining by 99.2% during the fourth quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 996 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CDE shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, June 24th. ATB Cormark Capital Markets raised shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, March 24th. Wall Street Zen downgraded Coeur Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research lowered Coeur Mining from a “hold” rating to a “strong sell” rating in a report on Friday, July 10th. Finally, Scotiabank reaffirmed an “outperform” rating and set a $28.50 price target on shares of Coeur Mining in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.39.

Coeur Mining Price Performance

CDE opened at $15.29 on Wednesday. Coeur Mining, Inc. has a fifty-two week low of $8.56 and a fifty-two week high of $27.77. The firm has a 50-day moving average of $17.01 and a 200 day moving average of $19.56. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.14 and a current ratio of 3.73. The firm has a market cap of $15.82 billion, a P/E ratio of 13.18 and a beta of 1.29.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $856.19 million during the quarter, compared to the consensus estimate of $815.59 million. Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.The business’s revenue was up 137.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 EPS. On average, research analysts expect that Coeur Mining, Inc. will post 1.25 EPS for the current year.

Coeur Mining Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd were paid a dividend of $0.02 per share. The ex-dividend date was Friday, May 22nd. This represents a dividend yield of 23.0%. Coeur Mining’s dividend payout ratio (DPR) is presently 3.45%.

Insider Activity at Coeur Mining

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of Coeur Mining stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $18.60, for a total value of $725,400.00. Following the sale, the chief accounting officer owned 77,204 shares of the company’s stock, valued at approximately $1,435,994.40. The trade was a 33.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.90% of the company’s stock.

Coeur Mining Profile

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.