Principal Financial Group Inc. Decreases Holdings in Coeur Mining, Inc. $CDE

Principal Financial Group Inc. cut its stake in Coeur Mining, Inc. (NYSE:CDE) by 23.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 613,036 shares of the basic materials company’s stock after selling 190,230 shares during the quarter. Principal Financial Group Inc. owned about 0.10% of Coeur Mining worth $11,501,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CDE. Ameritas Investment Partners Inc. raised its holdings in shares of Coeur Mining by 1.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 65,416 shares of the basic materials company’s stock valued at $580,000 after buying an additional 1,183 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Coeur Mining by 74.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 1,435 shares during the period. Janney Montgomery Scott LLC grew its position in Coeur Mining by 7.2% in the second quarter. Janney Montgomery Scott LLC now owns 23,702 shares of the basic materials company’s stock valued at $210,000 after acquiring an additional 1,602 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Coeur Mining by 0.3% during the second quarter. California State Teachers Retirement System now owns 590,900 shares of the basic materials company’s stock valued at $5,235,000 after purchasing an additional 1,774 shares during the period. Finally, Covestor Ltd lifted its position in shares of Coeur Mining by 7,011.5% during the third quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 1,823 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Price Performance

CDE opened at $23.11 on Thursday. The company has a market capitalization of $14.84 billion, a P/E ratio of 35.01 and a beta of 1.21. The company has a 50-day moving average of $20.06 and a 200-day moving average of $17.01. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.10 and a current ratio of 2.00. Coeur Mining, Inc. has a 1-year low of $4.58 and a 1-year high of $27.77.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Weiss Ratings lowered shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 29th. Wall Street Zen raised shares of Coeur Mining from a “hold” rating to a “buy” rating in a research report on Sunday, December 21st. Raymond James Financial set a $21.00 target price on Coeur Mining in a research note on Thursday, October 30th. TD Securities boosted their price target on Coeur Mining from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Finally, TD Cowen raised Coeur Mining to a “strong-buy” rating in a report on Monday, December 1st. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $18.17.

About Coeur Mining

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.