Coeur Mining, Inc. $CDE Stock Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

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

A number of other large investors also recently added to or reduced their stakes in CDE. Ancora Advisors LLC bought a new stake in Coeur Mining in the second quarter worth $26,000. Versant Capital Management Inc boosted its position in Coeur Mining by 105.0% during the second quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company’s stock valued at $26,000 after buying an additional 820 shares during the period. Bullseye Investment Management LLC bought a new position in shares of Coeur Mining during the second quarter valued at about $33,000. Root Financial Partners LLC bought a new position in shares of Coeur Mining during the third quarter valued at about $45,000. Finally, V Square Quantitative Management LLC bought a new position in shares of Coeur Mining during the third quarter valued at about $54,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Insider Activity at Coeur Mining

In other Coeur Mining news, EVP Casey M. Nault sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $21.06, for a total value of $210,600.00. Following the completion of the transaction, the executive vice president directly owned 530,086 shares in the company, valued at approximately $11,163,611.16. This represents a 1.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director J. Kenneth Thompson sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $20.77, for a total transaction of $519,250.00. Following the completion of the sale, the director directly owned 257,333 shares of the company’s stock, valued at approximately $5,344,806.41. This represents a 8.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 51,000 shares of company stock worth $1,055,070 over the last quarter. Corporate insiders own 0.90% of the company’s stock.

Coeur Mining Price Performance

Shares of CDE stock opened at $14.57 on Thursday. The firm has a market cap of $14.98 billion, a P/E ratio of 12.45 and a beta of 1.46. Coeur Mining, Inc. has a fifty-two week low of $12.71 and a fifty-two week high of $27.77. The business’s 50 day moving average price is $17.70 and its 200-day moving average price is $18.84. 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 announced its earnings results on Wednesday, November 4th. The basic materials company reported $0.10 EPS 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 business had revenue of $983.62 million for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company earned $0.23 EPS. Coeur Mining’s revenue was up 77.4% compared to the same quarter last year. On average, equities research analysts anticipate that Coeur Mining, Inc. will post 0.81 earnings per share for the current year.

Coeur Mining News Roundup

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

Analyst Ratings Changes

Several research analysts have recently commented on CDE shares. Zacks Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Scotiabank dropped their target price 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 lowered Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 27th. Finally, Roth Capital set a $19.00 price target on Coeur Mining in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $26.06.

Coeur Mining Company 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.