Coeur Mining, Inc. (NYSE:CDE) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. increased its holdings in shares of Coeur Mining, Inc. (NYSE:CDE) by 89.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,435 shares of the basic materials company’s stock after acquiring an additional 19,589 shares during the quarter. Principal Financial Group Inc.’s holdings in Coeur Mining were worth $245,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. City State Bank boosted its holdings in Coeur Mining by 56.9% in the 1st quarter. City State Bank now owns 6,274 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 2,274 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in Coeur Mining by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 41,333 shares of the basic materials company’s stock valued at $236,000 after purchasing an additional 2,624 shares during the last quarter. Xponance Inc. boosted its holdings in Coeur Mining by 10.9% in the 4th quarter. Xponance Inc. now owns 28,712 shares of the basic materials company’s stock valued at $164,000 after purchasing an additional 2,811 shares during the last quarter. Optiver Holding B.V. boosted its holdings in Coeur Mining by 150.5% in the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 4,903 shares during the last quarter. Finally, Highland Capital Management LLC boosted its holdings in Coeur Mining by 23.1% in the 1st quarter. Highland Capital Management LLC now owns 28,645 shares of the basic materials company’s stock valued at $170,000 after purchasing an additional 5,378 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Pierre Beaudoin sold 60,551 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $7.30, for a total transaction of $442,022.30. Following the sale, the director directly owned 188,362 shares of the company’s stock, valued at $1,375,042.60. This represents a 24.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eduardo Luna sold 17,160 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $7.83, for a total transaction of $134,362.80. Following the sale, the director directly owned 101,841 shares in the company, valued at approximately $797,415.03. The trade was a 14.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 90,061 shares of company stock valued at $667,775 in the last ninety days. Company insiders own 1.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CDE. Raymond James Financial reiterated an “outperform” rating and issued a $8.50 target price on shares of Coeur Mining in a report on Wednesday, April 2nd. Roth Capital reiterated a “buy” rating and issued a $12.00 target price (up from $10.00) on shares of Coeur Mining in a report on Tuesday, July 1st. National Bankshares set a $12.00 price objective on shares of Coeur Mining in a report on Friday, June 13th. Finally, National Bank Financial upgraded shares of Coeur Mining to a “strong-buy” rating in a report on Thursday, June 12th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Coeur Mining presently has a consensus rating of “Buy” and a consensus target price of $9.21.

Coeur Mining Stock Performance

Shares of CDE stock opened at $9.08 on Monday. The firm’s 50 day moving average price is $8.70 and its 200-day moving average price is $6.96. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.62 and a current ratio of 1.93. Coeur Mining, Inc. has a one year low of $4.57 and a one year high of $9.97. The firm has a market cap of $5.81 billion, a P/E ratio of 34.92 and a beta of 1.32.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.12. Coeur Mining had a net margin of 10.11% and a return on equity of 9.96%. During the same quarter in the prior year, the company posted ($0.05) EPS. The business’s revenue was up 69.0% compared to the same quarter last year. As a group, equities research analysts predict that Coeur Mining, Inc. will post 0.58 EPS 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.