Coeur Mining, Inc. (NYSE:CDE) Holdings Decreased by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in Coeur Mining, Inc. (NYSE:CDE) by 20.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,846 shares of the basic materials company’s stock after selling 5,764 shares during the quarter. Principal Financial Group Inc.’s holdings in Coeur Mining were worth $125,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in Coeur Mining by 139.8% during the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 3,359 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Coeur Mining in the 4th quarter worth approximately $57,000. Empowered Funds LLC acquired a new stake in Coeur Mining in the 4th quarter worth approximately $66,000. KBC Group NV lifted its holdings in shares of Coeur Mining by 45.4% during the fourth quarter. KBC Group NV now owns 18,919 shares of the basic materials company’s stock worth $108,000 after buying an additional 5,908 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Coeur Mining during the third quarter worth approximately $119,000. 63.01% of the stock is currently owned by institutional investors.

Insider Transactions at Coeur Mining

In other news, CFO Thomas S. Whelan bought 10,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was acquired at an average price of $5.25 per share, with a total value of $52,500.00. Following the acquisition, the chief financial officer now directly owns 668,450 shares in the company, valued at approximately $3,509,362.50. This trade represents a 1.52 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.56% of the stock is owned by insiders.

Coeur Mining Stock Performance

NYSE:CDE opened at $5.58 on Friday. The stock has a fifty day moving average price of $6.18 and a 200-day moving average price of $6.37. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 46.46 and a beta of 1.51. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83. Coeur Mining, Inc. has a fifty-two week low of $2.98 and a fifty-two week high of $7.72.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. The company had revenue of $305.40 million during the quarter, compared to analysts’ expectations of $314.32 million. As a group, equities analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on CDE. Cormark upgraded Coeur Mining to a “moderate buy” rating in a research report on Thursday, February 20th. BMO Capital Markets assumed coverage on Coeur Mining in a report on Tuesday, February 18th. They set an “outperform” rating and a $9.00 target price on the stock. Roth Mkm cut their price target on Coeur Mining from $8.50 to $8.25 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, Raymond James raised Coeur Mining from a “market perform” rating to an “outperform” rating and cut their price target for the company from $8.75 to $8.25 in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Coeur Mining currently has an average rating of “Buy” and a consensus price target of $8.31.

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.