Roth Mkm Boosts Coeur Mining (NYSE:CDE) Price Target to $8.50

Coeur Mining (NYSE:CDE) had its target price increased by Roth Mkm from $8.00 to $8.50 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have a buy rating on the basic materials company’s stock.

Several other brokerages have also commented on CDE. BMO Capital Markets lifted their price target on shares of Coeur Mining from $7.50 to $8.00 and gave the stock an outperform rating in a research note on Monday, September 23rd. Raymond James lifted their target price on Coeur Mining from $6.25 to $7.00 and gave the stock a market perform rating in a research report on Friday, September 20th. Finally, Cantor Fitzgerald cut Coeur Mining from an overweight rating to a neutral rating in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $7.83.

Coeur Mining Stock Down 4.9 %

Shares of NYSE CDE opened at $7.14 on Wednesday. The business has a 50-day moving average of $6.18 and a two-hundred day moving average of $5.44. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of -23.03 and a beta of 1.64. Coeur Mining has a 1 year low of $2.00 and a 1 year high of $7.72. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.20 and a quick ratio of 0.45.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. The firm had revenue of $222.03 million during the quarter, compared to analysts’ expectations of $242.18 million. Coeur Mining had a negative return on equity of 4.59% and a negative net margin of 8.33%. The firm’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.06) earnings per share. On average, analysts forecast that Coeur Mining will post 0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coeur Mining

Several institutional investors have recently added to or reduced their stakes in CDE. CWM LLC increased its holdings in shares of Coeur Mining by 831.5% in the second quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 4,490 shares during the period. Ballentine Partners LLC acquired a new position in Coeur Mining in the 1st quarter valued at $46,000. StoneX Group Inc. purchased a new position in Coeur Mining during the 1st quarter worth $49,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Coeur Mining in the 2nd quarter worth $49,000. Finally, &PARTNERS purchased a new stake in shares of Coeur Mining in the first quarter valued at about $54,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

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.