Principal Financial Group Inc. Has $190,000 Stock Position in Coeur Mining, Inc. (NYSE:CDE)

Principal Financial Group Inc. decreased its position in shares of Coeur Mining, Inc. (NYSE:CDE) by 28.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,610 shares of the basic materials company’s stock after selling 11,133 shares during the quarter. Principal Financial Group Inc.’s holdings in Coeur Mining were worth $190,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CDE. Van ECK Associates Corp lifted its stake in shares of Coeur Mining by 1.1% in the third 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 in the last quarter. Tidal Investments LLC bought a new position in Coeur Mining in the 1st quarter valued at about $41,587,000. American Century Companies Inc. boosted its stake in Coeur Mining by 248.1% during the 2nd quarter. American Century Companies Inc. now owns 6,463,587 shares of the basic materials company’s stock valued at $36,325,000 after purchasing an additional 4,606,711 shares during the last quarter. Millennium Management LLC increased its holdings in Coeur Mining by 2.6% during the 2nd quarter. Millennium Management LLC now owns 2,833,850 shares of the basic materials company’s stock worth $15,926,000 after purchasing an additional 72,423 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in Coeur Mining by 18.5% during the 1st 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 in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CDE. Roth Mkm reissued a “buy” rating and set a $8.50 price target (down from $9.00) on shares of Coeur Mining in a research report on Friday, November 8th. Raymond James lifted their target price 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. StockNews.com upgraded Coeur Mining from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Canaccord Genuity Group increased their price target on Coeur Mining from $7.00 to $7.75 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, Cantor Fitzgerald raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $7.81.

Coeur Mining Trading Down 4.2 %

Shares of CDE opened at $6.30 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.39 and a current ratio of 1.09. Coeur Mining, Inc. has a fifty-two week low of $2.42 and a fifty-two week high of $7.72. The firm has a 50 day moving average price of $6.66 and a 200-day moving average price of $6.15. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of -209.83 and a beta of 1.65.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The business had revenue of $313.50 million for the quarter, compared to analysts’ expectations of $289.19 million. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. The business’s quarterly revenue was up 61.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.05) EPS. As a group, equities research analysts forecast that Coeur Mining, Inc. will post 0.15 earnings per share for the current year.

Coeur Mining Company 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.