Raymond James Raises Coeur Mining (NYSE:CDE) Price Target to $7.00

Coeur Mining (NYSE:CDE) had its price objective lifted by equities research analysts at Raymond James from $6.25 to $7.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “market perform” rating on the basic materials company’s stock. Raymond James’ target price points to a potential downside of 1.13% from the stock’s current price.

A number of other equities analysts have also recently issued reports on CDE. BMO Capital Markets raised their target price on Coeur Mining from $6.75 to $7.50 and gave the stock an “outperform” rating in a report on Friday, July 12th. Cantor Fitzgerald lowered shares of Coeur Mining from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 8th. Finally, Roth Mkm restated a “buy” rating and set a $8.00 price objective (up previously from $7.25) on shares of Coeur Mining in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.63.

Coeur Mining Trading Up 2.5 %

NYSE CDE traded up $0.17 during trading hours on Friday, hitting $7.08. The company’s stock had a trading volume of 1,351,256 shares, compared to its average volume of 7,373,694. Coeur Mining has a twelve month low of $2.00 and a twelve month high of $7.39. The firm has a market capitalization of $2.83 billion, a P/E ratio of -22.74 and a beta of 1.64. The company has a quick ratio of 0.45, a current ratio of 1.20 and a debt-to-equity ratio of 0.59. The stock has a fifty day moving average of $6.12 and a 200 day moving average of $5.30.

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

Institutional Investors Weigh In On Coeur Mining

Several institutional investors have recently added to or reduced their stakes in CDE. CWM LLC raised its stake in shares of Coeur Mining by 831.5% in the 2nd 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 bought a new position in shares of Coeur Mining during the first quarter worth about $46,000. StoneX Group Inc. acquired a new stake in Coeur Mining in the 1st quarter valued at approximately $49,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Coeur Mining in the 2nd quarter valued at approximately $49,000. Finally, &PARTNERS acquired a new position in Coeur Mining during the 1st quarter worth approximately $54,000. 63.01% of the stock is owned by institutional investors.

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.