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

Raymond James Financial Inc. bought a new stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 653,451 shares of the basic materials company's stock, valued at approximately $3,738,000. Raymond James Financial Inc. owned about 0.16% of Coeur Mining at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in Coeur Mining by 139.8% during the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company's stock worth $33,000 after buying an additional 3,359 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Coeur Mining in the fourth quarter valued at about $57,000. ZEGA Investments LLC acquired a new position in shares of Coeur Mining in the fourth quarter valued at about $64,000. Empowered Funds LLC bought a new position in Coeur Mining during the fourth quarter worth about $66,000. Finally, Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Coeur Mining in the 4th quarter worth about $69,000. Institutional investors own 63.01% of the company's stock.

Insider Activity at Coeur Mining

In other news, CFO Thomas S. Whelan bought 10,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was acquired at an average price of $5.25 per share, with a total value of $52,500.00. Following the acquisition, the chief financial officer now directly owns 668,450 shares in the company, valued at approximately $3,509,362.50. This trade represents a 1.52 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.56% of the stock is currently owned by company insiders.

Coeur Mining Stock Down 2.9 %

Shares of NYSE CDE opened at $5.67 on Friday. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 47.25 and a beta of 1.35. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. Coeur Mining, Inc. has a 12 month low of $4.36 and a 12 month high of $7.72. The stock has a 50-day moving average price of $5.73 and a two-hundred day moving average price of $6.21.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The business 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%. As a group, analysts forecast that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CDE shares. TD Securities started coverage on shares of Coeur Mining in a research report on Tuesday, March 11th. They set a "buy" rating and a $7.00 target price on the stock. Roth Mkm lowered their price objective on 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 upgraded Coeur Mining to a "moderate buy" rating in a research report on Thursday, February 20th. Raymond James restated an "outperform" rating and issued a $8.50 price target on shares of Coeur Mining in a research report on Wednesday, April 2nd. Finally, BMO Capital Markets initiated coverage on shares of Coeur Mining in a research report on Tuesday, February 18th. They set an "outperform" rating and a $9.00 price objective for the company. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Coeur Mining has a consensus rating of "Buy" and a consensus target price of $8.10.

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.

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