Raymond James Financial Inc. Takes $3.74 Million Position in Coeur Mining, Inc. (NYSE:CDE)

Raymond James Financial Inc. purchased a new stake in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 653,451 shares of the basic materials company's stock, valued at approximately $3,738,000. Raymond James Financial Inc. owned approximately 0.16% of Coeur Mining at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in Coeur Mining by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 9,146,107 shares of the basic materials company's stock valued at $62,937,000 after purchasing an additional 89,863 shares during the period. JPMorgan Chase & Co. lifted its stake in Coeur Mining by 88.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company's stock worth $9,761,000 after purchasing an additional 665,452 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Coeur Mining by 0.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,248,706 shares of the basic materials company's stock valued at $7,143,000 after purchasing an additional 5,541 shares during the last quarter. Barclays PLC grew its position in shares of Coeur Mining by 59.2% during the third quarter. Barclays PLC now owns 962,652 shares of the basic materials company's stock valued at $6,624,000 after purchasing an additional 358,097 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Coeur Mining by 14.1% in the third quarter. Wellington Management Group LLP now owns 932,074 shares of the basic materials company's stock worth $6,413,000 after purchasing an additional 114,870 shares during the last quarter. Institutional investors own 63.01% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages recently commented on CDE. TD Cowen raised Coeur Mining to a "strong-buy" rating in a research note on Tuesday, March 11th. Raymond James upgraded Coeur Mining from a "market perform" rating to an "outperform" rating and lowered their target price for the company from $8.75 to $8.25 in a research report on Friday, February 21st. Roth Mkm decreased their price target on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a research note on Friday, February 21st. Cormark raised shares of Coeur Mining to a "moderate buy" rating in a research note on Thursday, February 20th. Finally, National Bank Financial upgraded 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, six have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $8.05.

Insider Buying and Selling

In other Coeur Mining news, CFO Thomas S. Whelan purchased 10,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were bought at an average cost of $5.25 per share, with a total value of $52,500.00. Following the completion of the acquisition, the chief financial officer now owns 668,450 shares in the company, valued at $3,509,362.50. This trade represents a 1.52 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.56% of the stock is owned by insiders.

Coeur Mining Trading Down 4.2 %

NYSE CDE traded down $0.27 during trading on Friday, hitting $6.08. The stock had a trading volume of 19,570,751 shares, compared to its average volume of 11,002,203. Coeur Mining, Inc. has a one year low of $4.03 and a one year high of $7.72. The stock has a 50 day simple moving average of $6.18 and a 200 day simple moving average of $6.39. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 50.63 and a beta of 1.51. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83.

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

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.