Coeur Mining, Inc. (NYSE:CDE) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. boosted its position in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 253.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 232,956 shares of the basic materials company's stock after purchasing an additional 167,093 shares during the period. Franklin Resources Inc. owned approximately 0.06% of Coeur Mining worth $1,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Schroder Investment Management Group boosted its holdings in Coeur Mining by 22.8% during the 4th quarter. Schroder Investment Management Group now owns 2,989,680 shares of the basic materials company's stock valued at $16,772,000 after acquiring an additional 555,430 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Coeur Mining by 253.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,471,887 shares of the basic materials company's stock worth $8,419,000 after purchasing an additional 1,055,084 shares during the last quarter. Cornercap Investment Counsel Inc. purchased a new position in Coeur Mining in the 4th quarter worth about $389,000. Pictet Asset Management Holding SA lifted its holdings in Coeur Mining by 21.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 63,907 shares of the basic materials company's stock valued at $366,000 after buying an additional 11,161 shares in the last quarter. Finally, Norges Bank purchased a new stake in Coeur Mining in the 4th quarter valued at about $1,387,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

Insider Buying and Selling

In related news, CFO Thomas S. Whelan purchased 10,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average price of $5.25 per share, for a total transaction of $52,500.00. Following the acquisition, the chief financial officer now directly owns 668,450 shares of the company's stock, valued at $3,509,362.50. This trade represents a 1.52 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.56% of the stock is currently owned by corporate insiders.

Coeur Mining Stock Performance

CDE traded down $0.25 on Friday, hitting $6.03. 13,125,660 shares of the company traded hands, compared to its average volume of 11,419,148. Coeur Mining, Inc. has a 12-month low of $4.03 and a 12-month high of $7.72. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average of $5.83 and a 200-day moving average of $6.24. The stock has a market capitalization of $3.85 billion, a PE ratio of 50.21 and a beta of 1.35.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, hitting analysts' consensus estimates of $0.11. The company had revenue of $305.40 million during the quarter, compared to the consensus estimate of $314.32 million. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. Sell-side analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on the stock. Raymond James reissued an "outperform" rating and set a $8.50 price target on shares of Coeur Mining in a research report on Wednesday, April 2nd. BMO Capital Markets started coverage on shares of Coeur Mining in a report on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 price target on the stock. Roth Mkm decreased their price objective on Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a report on Friday, February 21st. TD Securities initiated coverage on shares of Coeur Mining in a research note on Tuesday, March 11th. They issued a "buy" rating and a $7.00 target price for the company. Finally, National Bank Financial raised shares of Coeur Mining to a "strong-buy" rating in a research report on Friday, March 21st. One research analyst has rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $8.10.

About Coeur Mining

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.