Coeur Mining (NYSE:CDE) Price Target Raised to $8.00

Coeur Mining (NYSE:CDE) had its price target boosted by BMO Capital Markets from $7.50 to $8.00 in a report issued on Monday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the basic materials company’s stock.

A number of other equities research analysts have also recently commented on CDE. Cantor Fitzgerald cut shares of Coeur Mining from an overweight rating to a neutral rating in a research note on Thursday, August 8th. Raymond James lifted their price objective 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. Finally, Roth Mkm reissued a buy rating and set a $8.00 target price (up from $7.25) on shares of Coeur Mining in a research note on Friday, August 9th. 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’s stock. Based on data from MarketBeat, Coeur Mining currently has a consensus rating of Hold and a consensus target price of $7.83.

Coeur Mining Stock Down 0.5 %

NYSE:CDE opened at $7.43 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.20 and a quick ratio of 0.45. The company’s fifty day moving average price is $6.16 and its 200-day moving average price is $5.43. Coeur Mining has a 1-year low of $2.00 and a 1-year high of $7.72. The firm has a market capitalization of $2.97 billion, a P/E ratio of -23.97 and a beta of 1.64.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data 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. 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 revenue was up 25.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.06) EPS. As a group, equities research analysts anticipate that Coeur Mining will post 0.08 EPS for the current year.

Institutional Trading of Coeur Mining

Institutional investors have recently modified their holdings of the stock. CWM LLC increased its stake in Coeur Mining by 831.5% during the 2nd quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock worth $28,000 after buying an additional 4,490 shares in the last quarter. Ballentine Partners LLC acquired a new stake in Coeur Mining during the 1st quarter worth $46,000. StoneX Group Inc. purchased a new stake in shares of Coeur Mining during the first quarter worth $49,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Coeur Mining in the second quarter valued at about $49,000. Finally, &PARTNERS purchased a new position in shares of Coeur Mining in the first quarter worth 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.