State of New Jersey Common Pension Fund D Buys 2,323 Shares of Coeur Mining, Inc. (NYSE:CDE)

State of New Jersey Common Pension Fund D increased its stake in Coeur Mining, Inc. (NYSE:CDE) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 315,190 shares of the basic materials company’s stock after acquiring an additional 2,323 shares during the period. State of New Jersey Common Pension Fund D owned about 0.08% of Coeur Mining worth $1,803,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CDE. Jennison Associates LLC bought a new stake in Coeur Mining in the third quarter valued at approximately $579,000. JPMorgan Chase & Co. increased its stake in shares of Coeur Mining by 88.3% in the third quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company’s stock worth $9,761,000 after buying an additional 665,452 shares during the period. XTX Topco Ltd bought a new stake in Coeur Mining during the 3rd quarter valued at $1,311,000. Van ECK Associates Corp boosted its position in Coeur Mining by 1.1% during the 3rd quarter. Van ECK Associates Corp now owns 34,469,783 shares of the basic materials company’s stock valued at $251,629,000 after buying an additional 365,115 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in Coeur Mining by 180.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 310,577 shares of the basic materials company’s stock worth $2,137,000 after acquiring an additional 199,919 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Trading Down 4.8 %

CDE opened at $5.09 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. Coeur Mining, Inc. has a 52 week low of $2.42 and a 52 week high of $7.72. The stock has a market cap of $2.03 billion, a PE ratio of 42.38 and a beta of 1.59. The business has a 50 day moving average of $6.26 and a 200-day moving average of $6.41.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The business had revenue of $305.40 million during the quarter, compared to analyst estimates of $314.32 million. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. Equities research analysts predict that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CDE. Cormark raised shares of Coeur Mining to a “moderate buy” rating in a research note on Thursday, February 20th. Cantor Fitzgerald upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. BMO Capital Markets assumed coverage on Coeur Mining in a research note on Tuesday, February 18th. They set an “outperform” rating and a $9.00 target price on the stock. Roth Mkm dropped their price target on Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, StockNews.com upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $8.31.

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.