Coeur Mining (NYSE:CDE) PT Raised to $8.50

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

Other research analysts have also issued reports about the company. 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 report on Friday, September 20th. Cantor Fitzgerald cut Coeur Mining from an overweight rating to a neutral rating in a report on Thursday, August 8th. Finally, BMO Capital Markets increased their target price on Coeur Mining from $7.50 to $8.00 and gave the stock an outperform rating in a research note on Monday, September 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $7.83.

Coeur Mining Stock Performance

Shares of Coeur Mining stock opened at $7.13 on Wednesday. The firm has a fifty day moving average of $6.20 and a two-hundred day moving average of $5.47. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.45 and a current ratio of 1.20. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of -23.00 and a beta of 1.64. Coeur Mining has a 52 week low of $2.00 and a 52 week high of $7.72.

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

Institutional Trading of Coeur Mining

Large investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its position in Coeur Mining by 6.5% during the first quarter. Van ECK Associates Corp now owns 38,624,849 shares of the basic materials company’s stock worth $145,616,000 after buying an additional 2,345,791 shares during the last quarter. Vanguard Group Inc. raised its stake in Coeur Mining by 12.5% in the 4th quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock valued at $116,885,000 after acquiring an additional 3,989,352 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Coeur Mining by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 16,087,106 shares of the basic materials company’s stock valued at $52,445,000 after purchasing an additional 84,920 shares during the last quarter. Tidal Investments LLC bought a new position in Coeur Mining during the first quarter worth $41,587,000. Finally, American Century Companies Inc. increased its holdings in shares of Coeur Mining by 248.1% in the second quarter. American Century Companies Inc. now owns 6,463,587 shares of the basic materials company’s stock valued at $36,325,000 after purchasing an additional 4,606,711 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

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.