Coeur Mining (NYSE:CDE) Price Target Increased to $8.50 by Analysts at Roth Mkm

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

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

Coeur Mining Price Performance

CDE stock opened at $7.14 on Wednesday. The company has a market cap of $2.85 billion, a price-to-earnings ratio of -23.03 and a beta of 1.64. The company has a current ratio of 1.20, a quick ratio of 0.45 and a debt-to-equity ratio of 0.59. The firm has a 50 day moving average of $6.18 and a 200-day moving average of $5.44. Coeur Mining has a 12-month low of $2.00 and a 12-month high of $7.72.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data 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. Coeur Mining had a negative return on equity of 4.59% and a negative net margin of 8.33%. The firm had revenue of $222.03 million during the quarter, compared to analysts’ expectations of $242.18 million. During the same period in the previous year, the firm posted ($0.06) earnings per share. Coeur Mining’s revenue was up 25.3% on a year-over-year basis. As a group, equities analysts expect that Coeur Mining will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Coeur Mining

Hedge funds and other institutional investors have recently modified their holdings of the company. Ballentine Partners LLC boosted 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 worth $81,000 after acquiring an additional 2,232 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in shares of Coeur Mining by 12.7% during the 1st quarter. Ameritas Investment Partners Inc. now owns 35,796 shares of the basic materials company’s stock worth $135,000 after purchasing an additional 4,030 shares during the period. CWM LLC boosted its holdings in shares of Coeur Mining by 831.5% during the second quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 4,490 shares during the last quarter. Marotta Asset Management grew its position in shares of Coeur Mining by 50.0% in 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 during the period. Finally, Russell Investments Group Ltd. increased its stake in Coeur Mining by 32.4% in 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 during 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.