VIRGINIA RETIREMENT SYSTEMS ET Al Sells 175,100 Shares of Coeur Mining, Inc. $CDE

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its position in Coeur Mining, Inc. (NYSE:CDE) by 68.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 80,356 shares of the basic materials company’s stock after selling 175,100 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Coeur Mining were worth $1,414,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ZEGA Investments LLC boosted its stake in Coeur Mining by 4.8% during the second quarter. ZEGA Investments LLC now owns 10,581 shares of the basic materials company’s stock valued at $173,000 after buying an additional 481 shares during the period. B. Riley Wealth Advisors Inc. grew its position in Coeur Mining by 0.3% during the third quarter. B. Riley Wealth Advisors Inc. now owns 232,078 shares of the basic materials company’s stock worth $4,085,000 after buying an additional 701 shares in the last quarter. Sanctuary Advisors LLC increased its stake in Coeur Mining by 7.5% in the 1st quarter. Sanctuary Advisors LLC now owns 11,809 shares of the basic materials company’s stock worth $222,000 after acquiring an additional 820 shares during the last quarter. Versant Capital Management Inc increased its stake in Coeur Mining by 105.0% in the 2nd quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 820 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in Coeur Mining by 32.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 3,895 shares of the basic materials company’s stock worth $73,000 after acquiring an additional 957 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

CDE has been the topic of several recent analyst reports. Roth Capital set a $19.00 price target on Coeur Mining in a report on Friday, August 7th. Scotiabank cut their price objective on Coeur Mining from $28.50 to $26.50 and set an “outperform” rating for the company in a report on Friday, August 7th. Weiss Ratings cut shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 27th. Finally, Zacks Research raised shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $26.06.

Key Stories Impacting Coeur Mining

Here are the key news stories impacting Coeur Mining this week:

• Positive Sentiment: Revenue rose 77.4% from a year earlier to $983.6 million, indicating substantial year-over-year growth. Quarterly earnings report
• Neutral Sentiment: Options traders bought 26,568 CDE call options, about 41% above typical daily volume. This suggests increased bullish positioning, though options activity alone does not establish a durable outlook.
• Negative Sentiment: Quarterly EPS was $0.10, down from $0.23 a year earlier. It matched the Zacks consensus but was below another cited analyst consensus of $0.14; revenue also trailed the $1.14 billion estimate. Zacks earnings report Adjusted earnings report
• Negative Sentiment: A report characterized a $40 million charge as a drag on an otherwise strong quarter, adding to concerns about the earnings decline. Quarterly results analysis

Coeur Mining Stock Up 8.7%

Shares of NYSE:CDE opened at $14.57 on Thursday. Coeur Mining, Inc. has a 52-week low of $12.71 and a 52-week high of $27.77. The firm has a fifty day moving average of $17.70 and a 200 day moving average of $18.84. The firm has a market capitalization of $14.98 billion, a PE ratio of 12.45 and a beta of 1.46. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.44 and a current ratio of 3.65.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. The firm had revenue of $983.62 million for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the business earned $0.23 EPS. The company’s revenue for the quarter was up 77.4% on a year-over-year basis. As a group, research analysts anticipate that Coeur Mining, Inc. will post 0.81 EPS for the current fiscal year.

Insider Transactions at Coeur Mining

In other news, CFO Thomas Whelan sold 6,000 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $20.87, for a total transaction of $125,220.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director J. Kenneth Thompson sold 25,000 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $20.77, for a total value of $519,250.00. Following the transaction, the director owned 257,333 shares in the company, valued at $5,344,806.41. This trade represents a 8.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 51,000 shares of company stock worth $1,055,070. 0.90% of the stock is currently owned by corporate insiders.

Coeur Mining Profile

Coeur Mining, Inc is a precious metals mining company headquartered in Chicago, Illinois. The company explores for, develops, and operates mines that produce gold and silver, with its activities focused primarily in North America.

Coeur’s operating portfolio includes the Rochester gold and silver mine in Nevada, the Wharf gold mine in South Dakota, the Kensington gold mine in Alaska, and the Las Chispas silver and gold operation in Sonora, Mexico. The company also maintains exploration and development interests in additional mineral properties.

Founded in 1928, Coeur Mining has grown through the development and acquisition of precious metals assets.