Principal Financial Group Inc. grew its stake in Coeur Mining, Inc. (NYSE:CDE) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 99,301 shares of the basic materials company’s stock after buying an additional 663 shares during the period. Principal Financial Group Inc. owned 0.05% of Coeur Mining worth $852,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. UBS Group AG raised its holdings in shares of Coeur Mining by 9.8% in the first quarter. UBS Group AG now owns 14,178 shares of the basic materials company’s stock worth $115,000 after buying an additional 1,267 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Coeur Mining by 8.5% in the first quarter. Teacher Retirement System of Texas now owns 14,405 shares of the basic materials company’s stock worth $116,000 after buying an additional 1,133 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Coeur Mining in the second quarter worth $141,000. Sigma Planning Corp purchased a new position in shares of Coeur Mining in the second quarter worth $143,000. Finally, Prudential Financial Inc. raised its holdings in shares of Coeur Mining by 7.6% in the second quarter. Prudential Financial Inc. now owns 19,451 shares of the basic materials company’s stock worth $167,000 after buying an additional 1,370 shares during the last quarter. 68.90% of the stock is owned by institutional investors and hedge funds.
Shares of Coeur Mining, Inc. (NYSE CDE) opened at 9.04 on Wednesday. The stock has a 50 day moving average of $9.07 and a 200-day moving average of $8.79. Coeur Mining, Inc. has a 1-year low of $7.30 and a 1-year high of $12.30. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 23.48 and a beta of 0.40.
Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, July 26th. The basic materials company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). Coeur Mining had a net margin of 9.65% and a return on equity of 10.44%. The firm had revenue of $173.40 million during the quarter, compared to the consensus estimate of $174.70 million. During the same quarter in the prior year, the firm earned $0.09 EPS. Coeur Mining’s revenue for the quarter was down 4.7% on a year-over-year basis. Equities analysts anticipate that Coeur Mining, Inc. will post $0.13 EPS for the current fiscal year.
A number of research firms have issued reports on CDE. BMO Capital Markets reaffirmed a “buy” rating on shares of Coeur Mining in a report on Wednesday, September 13th. Noble Financial reiterated a “hold” rating on shares of Coeur Mining in a research note on Wednesday, September 13th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Coeur Mining in a research note on Thursday, September 7th. Raymond James Financial, Inc. reiterated a “market perform” rating and issued a $9.50 price objective on shares of Coeur Mining in a research note on Thursday, September 7th. Finally, Roth Capital set a $13.00 price objective on shares of Coeur Mining and gave the stock a “buy” rating in a research note on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $11.62.
In related news, CFO Peter C. Mitchell sold 10,000 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $8.19, for a total value of $81,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Frank L. Jr. Hanagarne sold 28,800 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $8.50, for a total transaction of $244,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 68,610 shares of company stock valued at $602,855. 1.30% of the stock is owned by insiders.
Coeur Mining Company Profile
Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.
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