Raymond James Financial Services Advisors Inc. Grows Position in Coeur Mining, Inc. (CDE)

Raymond James Financial Services Advisors Inc. increased its holdings in Coeur Mining, Inc. (NYSE:CDE) by 83.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,380 shares of the basic materials company’s stock after purchasing an additional 9,300 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Coeur Mining were worth $175,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CDE. UBS Group AG raised its holdings in shares of Coeur Mining by 9.8% in the 1st quarter. UBS Group AG now owns 14,178 shares of the basic materials company’s stock worth $115,000 after purchasing an additional 1,267 shares in the last quarter. Stevens Capital Management LP bought a new stake in shares of Coeur Mining in the 2nd quarter worth approximately $123,000. Teacher Retirement System of Texas raised its holdings in shares of Coeur Mining by 1.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 14,587 shares of the basic materials company’s stock worth $125,000 after purchasing an additional 182 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Coeur Mining in the 2nd quarter worth approximately $141,000. Finally, Sigma Planning Corp bought a new stake in shares of Coeur Mining in the 2nd quarter worth approximately $143,000. Institutional investors and hedge funds own 67.93% of the company’s stock.

Coeur Mining, Inc. (NYSE:CDE) opened at $7.09 on Wednesday. The company has a current ratio of 3.68, a quick ratio of 2.51 and a debt-to-equity ratio of 0.36. Coeur Mining, Inc. has a 1 year low of $6.98 and a 1 year high of $12.30.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, October 25th. The basic materials company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.17). The firm had revenue of $176.00 million during the quarter, compared to analysts’ expectations of $185.09 million. Coeur Mining had a negative return on equity of 1.37% and a negative net margin of 2.41%. The business’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the business earned $0.23 earnings per share. research analysts forecast that Coeur Mining, Inc. will post -0.05 EPS for the current year.

CDE has been the topic of a number of research reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $13.00 target price on shares of Coeur Mining in a report on Thursday, August 24th. Raymond James Financial, Inc. reiterated a “market perform” rating and issued a $9.50 target price on shares of Coeur Mining in a report on Thursday, September 7th. Zacks Investment Research downgraded shares of Coeur Mining from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. ValuEngine downgraded shares of Coeur Mining from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Finally, BidaskClub upgraded shares of Coeur Mining from a “strong sell” rating to a “sell” rating in a report on Thursday, August 24th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $10.91.

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In related news, COO Frank L. Jr. Hanagarne sold 10,310 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $9.29, for a total transaction of $95,779.90. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Peter C. Mitchell sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $7.67, for a total transaction of $76,700.00. The disclosure for this sale can be found here. Insiders have sold 83,610 shares of company stock worth $708,955 over the last ninety days. 1.30% of the stock is currently owned by insiders.

Coeur Mining Profile

Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.

Institutional Ownership by Quarter for Coeur Mining (NYSE:CDE)

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