Coeur Mining, Inc. $CDE Holdings Cut by Principal Financial Group Inc.

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

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Tidal Investments LLC boosted its stake in Coeur Mining by 55.3% during the 2nd quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock valued at $183,709,000 after purchasing an additional 7,382,955 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Coeur Mining by 212.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 10,321,169 shares of the basic materials company’s stock worth $91,446,000 after buying an additional 7,013,222 shares in the last quarter. American Century Companies Inc. raised its position in shares of Coeur Mining by 136.1% during the 2nd quarter. American Century Companies Inc. now owns 2,759,607 shares of the basic materials company’s stock worth $24,450,000 after buying an additional 1,591,008 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Coeur Mining by 122.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company’s stock worth $14,393,000 after acquiring an additional 1,339,138 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Coeur Mining by 84.0% in the second quarter. JPMorgan Chase & Co. now owns 2,881,784 shares of the basic materials company’s stock valued at $25,533,000 after acquiring an additional 1,315,348 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CDE has been the topic of several recent analyst reports. TD Securities boosted their target price on Coeur Mining from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Cormark downgraded Coeur Mining from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Wall Street Zen upgraded Coeur Mining from a “hold” rating to a “buy” rating in a report on Sunday, December 21st. Weiss Ratings lowered Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 29th. Finally, Raymond James Financial set a $21.00 price target on shares of Coeur Mining in a report on Thursday, October 30th. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $18.17.

Coeur Mining Stock Performance

Shares of NYSE CDE opened at $23.11 on Thursday. The stock’s fifty day simple moving average is $20.06 and its 200 day simple moving average is $17.01. The stock has a market capitalization of $14.84 billion, a price-to-earnings ratio of 35.01 and a beta of 1.21. The company has a quick ratio of 1.10, a current ratio of 2.00 and a debt-to-equity ratio of 0.11. Coeur Mining, Inc. has a 52-week low of $4.58 and a 52-week high of $27.77.

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.