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 decreased its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 4.6% during the 3rd quarter, Holdings Channel reports. The fund owned 312,867 shares of the basic materials company’s stock after selling 15,149 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Coeur Mining were worth $2,153,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CDE. Tidal Investments LLC acquired a new stake in Coeur Mining in the first quarter worth $41,587,000. American Century Companies Inc. lifted its holdings in Coeur Mining by 248.1% during the second quarter. American Century Companies Inc. now owns 6,463,587 shares of the basic materials company’s stock worth $36,325,000 after acquiring an additional 4,606,711 shares in the last quarter. M&G Plc bought a new position in Coeur Mining during the second quarter worth about $9,966,000. Renaissance Technologies LLC bought a new stake in shares of Coeur Mining in the second quarter worth about $4,822,000. Finally, Janus Henderson Group PLC raised its position in shares of Coeur Mining by 18.5% during the first quarter. Janus Henderson Group PLC now owns 2,723,185 shares of the basic materials company’s stock worth $10,254,000 after purchasing an additional 424,835 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Ratings Changes

CDE has been the subject of several research analyst reports. Canaccord Genuity Group boosted their price objective on Coeur Mining from $7.00 to $7.75 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Raymond James increased their price objective 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. Cantor Fitzgerald raised shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. 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, September 23rd. Finally, Roth Mkm restated a “buy” rating and issued a $8.50 price target (down from $9.00) on shares of Coeur Mining in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $7.81.

Coeur Mining Stock Up 2.5 %

Coeur Mining stock opened at $6.23 on Friday. The company has a fifty day simple moving average of $6.60 and a 200 day simple moving average of $6.06. 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 company has a market cap of $2.49 billion, a P/E ratio of -207.60 and a beta of 1.65.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. The business had revenue of $313.50 million for the quarter, compared to the consensus estimate of $289.19 million. During the same quarter in the previous year, the business earned ($0.05) earnings per share. Coeur Mining’s quarterly revenue was up 61.1% on a year-over-year basis. Research analysts anticipate that Coeur Mining, Inc. will post 0.16 earnings per share for the current fiscal year.

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.