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

Principal Financial Group Inc. lessened its position in Coeur Mining, Inc. (NYSE:CDE) by 28.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 filing with the SEC.

Other large investors have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Coeur Mining in the second quarter valued at about $49,000. WINTON GROUP Ltd bought a new position in shares of Coeur Mining in the second quarter valued at approximately $57,000. CIBC Asset Management Inc acquired a new position in shares of Coeur Mining in the 2nd quarter worth approximately $59,000. SPC Financial Inc. bought a new stake in Coeur Mining during the 2nd quarter worth approximately $65,000. Finally, CWM LLC increased its holdings in Coeur Mining by 93.2% during the 3rd quarter. CWM LLC now owns 9,716 shares of the basic materials company’s stock valued at $67,000 after purchasing an additional 4,686 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

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

Coeur Mining Price Performance

CDE opened at $6.13 on Wednesday. The company has a fifty day moving average price of $6.31 and a two-hundred day moving average price of $6.31. 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 firm has a market capitalization of $2.45 billion, a PE ratio of -204.27 and a beta of 1.60. Coeur Mining, Inc. has a 52 week low of $2.42 and a 52 week high of $7.72.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The business had revenue of $313.50 million during the quarter, compared to the consensus estimate of $289.19 million. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. The firm’s revenue was up 61.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.05) earnings per share. As a group, analysts anticipate 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.