Principal Financial Group Inc. Sells 11,133 Shares of Coeur Mining, Inc. (NYSE:CDE)

Principal Financial Group Inc. trimmed its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 28.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 27,610 shares of the basic materials company’s stock after selling 11,133 shares during the period. 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 have also recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its position in shares of Coeur Mining by 32.4% in the 1st quarter. Russell Investments Group Ltd. now owns 24,337 shares of the basic materials company’s stock worth $92,000 after purchasing an additional 5,956 shares during the last quarter. ProShare Advisors LLC increased its stake in Coeur Mining by 17.6% during the 1st quarter. ProShare Advisors LLC now owns 64,488 shares of the basic materials company’s stock valued at $243,000 after purchasing an additional 9,648 shares in the last quarter. American International Group Inc. raised its holdings in Coeur Mining by 7.4% in the first quarter. American International Group Inc. now owns 176,892 shares of the basic materials company’s stock worth $667,000 after buying an additional 12,211 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Coeur Mining by 6.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 333,840 shares of the basic materials company’s stock worth $1,259,000 after buying an additional 19,222 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Coeur Mining by 18.5% during the first quarter. Janus Henderson Group PLC now owns 2,723,185 shares of the basic materials company’s stock valued at $10,254,000 after buying an additional 424,835 shares during the last quarter. 63.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

CDE has been the subject of a number of recent analyst reports. Canaccord Genuity Group boosted their price objective on shares of Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Raymond James upped their target price on shares of Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a research note on Friday, September 20th. Cantor Fitzgerald upgraded shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. BMO Capital Markets boosted their price objective on shares of Coeur Mining from $7.50 to $8.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Finally, Roth Mkm restated a “buy” rating and issued a $8.50 target price (down previously from $9.00) on shares of Coeur Mining in a report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Coeur Mining currently has an average rating of “Moderate Buy” and a consensus target price of $7.81.

Coeur Mining Price Performance

Shares of Coeur Mining stock opened at $6.30 on Tuesday. The stock has a market cap of $2.51 billion, a P/E ratio of -209.83 and a beta of 1.65. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.39 and a current ratio of 1.09. The stock’s fifty day moving average is $6.66 and its 200 day moving average is $6.15. Coeur Mining, Inc. has a one year low of $2.42 and a one year high of $7.72.

Coeur Mining (NYSE:CDE) last issued 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 during 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 quarter in the prior year, the business posted ($0.05) earnings per share. Sell-side analysts anticipate that Coeur Mining, Inc. will post 0.15 earnings per share for the current year.

About Coeur Mining

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.