State Street Corp. Amends Coeur Mining Stake as of 12/31/23
Ticker: CDE · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 215466
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**State Street still holds Coeur Mining shares, signaling continued institutional confidence.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 24, 2024, disclosing its ownership of Coeur Mining Inc. common stock as of December 31, 2023. This filing indicates that State Street holds a significant, but passive, stake in Coeur Mining, signaling its continued investment interest. For investors, this means a large institutional player maintains confidence in Coeur Mining, which could be seen as a positive signal for the stock's stability.
Why It Matters
This filing shows that a major institutional investor, State Street Corporation, continues to hold a significant, passive stake in Coeur Mining Inc., which can provide a level of confidence to other investors.
Risk Assessment
Risk Level: low — This is a routine amendment from a passive institutional investor, indicating no immediate change in company control or strategy.
Analyst Insight
Investors should note that a major institutional investor like State Street Corporation continues to hold a stake in Coeur Mining Inc., which can be a sign of long-term stability, but this filing alone doesn't suggest any immediate catalysts for price movement.
Key Numbers
- 192108504 — CUSIP Number (Identifies Coeur Mining Inc.'s common stock)
- 005-33449 — SEC File Number (Identifies Coeur Mining Inc.'s registration with the SEC)
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Coeur Mining, Inc. (company) — the subject company whose stock is being reported
- 0000093751-24-000148 (dollar_amount) — accession number for the filing
- 192108504 (dollar_amount) — CUSIP number for Coeur Mining Inc. common stock
- December 31, 2023 (date) — date of the event requiring the filing
- January 24, 2024 (date) — date the filing was made
Forward-Looking Statements
- State Street Corporation will likely maintain its passive investment in Coeur Mining Inc. for the foreseeable future. (State Street Corporation) — high confidence, target: 12/31/2024
FAQ
Who filed this SC 13G/A amendment?
This SC 13G/A amendment was filed by State Street Corporation, as indicated in the 'FILED BY' section and 'NAME OF REPORTING PERSON' on page 2 of 5.
What company's stock is the subject of this filing?
The subject company for this filing is Coeur Mining, Inc., as stated under 'SUBJECT COMPANY' and 'NAME OF ISSUER' on page 1 of 5.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified on page 1 of 5 under 'DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT'.
What type of security is being reported in this filing?
The security being reported is 'COMMON STOCK' of Coeur Mining Inc., as stated on page 1 of 5 under 'TITLE OF CLASS OF SECURITIES'.
Under which SEC rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' next to 'RULE 13D-1 (B)' on page 1 of 5.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding Coeur Mining, Inc. (CDE).