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

Coeur Mining (NYSE:CDE) had its target price upped by Roth Mkm from $8.00 to $8.50 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the basic materials company’s stock. Roth Mkm’s price objective indicates a potential upside of 13.71% from the company’s current price.

A number of other analysts have also commented on CDE. Cantor Fitzgerald lowered Coeur Mining from an “overweight” rating to a “neutral” rating in a report on Thursday, August 8th. Raymond James lifted their price objective on Coeur Mining from $6.25 to $7.00 and gave the stock a “market perform” rating in a report on Friday, September 20th. Finally, BMO Capital Markets lifted their price objective on Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $7.83.

Coeur Mining Stock Up 9.4 %

Coeur Mining stock opened at $7.48 on Wednesday. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of -24.11 and a beta of 1.64. The stock has a fifty day simple moving average of $6.14 and a two-hundred day simple moving average of $5.41. Coeur Mining has a 12 month low of $2.00 and a 12 month high of $7.63. The company has a current ratio of 1.20, a quick ratio of 0.45 and a debt-to-equity ratio of 0.59.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business 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 quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.06) EPS. Equities analysts predict that Coeur Mining will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Coeur Mining

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ballentine Partners LLC lifted its position in Coeur Mining by 18.3% during the second quarter. Ballentine Partners LLC now owns 14,435 shares of the basic materials company’s stock valued at $81,000 after purchasing an additional 2,232 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in Coeur Mining by 12.7% during the first quarter. Ameritas Investment Partners Inc. now owns 35,796 shares of the basic materials company’s stock valued at $135,000 after purchasing an additional 4,030 shares in the last quarter. CWM LLC lifted its position in Coeur Mining by 831.5% during 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 in the last quarter. Marotta Asset Management lifted its position in Coeur Mining by 50.0% during the first quarter. Marotta Asset Management now owns 15,000 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Coeur Mining by 32.4% during the first quarter. Russell Investments Group Ltd. now owns 24,337 shares of the basic materials company’s stock valued at $92,000 after purchasing an additional 5,956 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

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.