Raymond James Financial Inc. Acquires Shares of 653,451 Coeur Mining, Inc. (NYSE:CDE)

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

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

Coeur Mining Stock Down 2.5 %

NYSE:CDE traded down $0.14 during trading hours on Friday, hitting $5.26. The company's stock had a trading volume of 3,608,229 shares, compared to its average volume of 11,650,378. The stock has a market capitalization of $3.36 billion, a P/E ratio of 43.88 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. The stock has a fifty day moving average of $5.71 and a 200-day moving average of $6.19. Coeur Mining, Inc. has a 52-week low of $4.36 and a 52-week high of $7.72.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The business had revenue of $305.40 million for 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%. On average, equities analysts forecast that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Thomas S. Whelan bought 10,000 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average cost of $5.25 per share, with a total value of $52,500.00. Following the transaction, the chief financial officer now directly owns 668,450 shares of the company's stock, valued at approximately $3,509,362.50. This represents a 1.52 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on CDE. National Bank Financial raised shares of Coeur Mining to a "strong-buy" rating in a research report on Friday, March 21st. BMO Capital Markets initiated coverage on Coeur Mining in a research report on Tuesday, February 18th. They set an "outperform" rating and a $9.00 price target for the company. TD Cowen upgraded Coeur Mining to a "strong-buy" rating in a report on Tuesday, March 11th. Raymond James restated an "outperform" rating and set a $8.50 target price on shares of Coeur Mining in a report on Wednesday, April 2nd. Finally, Cormark upgraded shares of Coeur Mining to a "moderate buy" rating in a research note on Thursday, February 20th. One analyst has rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $8.10.

Coeur Mining 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.