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

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

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

Coeur Mining Price Performance

Shares of Coeur Mining stock opened at $7.48 on Wednesday. The stock’s 50-day simple moving average is $6.14 and its 200-day simple moving average is $5.41. Coeur Mining has a 52 week low of $2.00 and a 52 week high of $7.63. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of -24.11 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.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, August 7th. The basic materials company reported ($0.01) EPS for the quarter, beating 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 business had revenue of $222.03 million for the quarter, compared to the consensus estimate of $242.18 million. During the same period in the previous year, the business earned ($0.06) earnings per share. The business’s revenue was up 25.3% on a year-over-year basis. As a group, analysts expect that Coeur Mining will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coeur Mining

Large investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC increased its stake in Coeur Mining by 18.5% during the first quarter. Janus Henderson Group PLC now owns 2,723,185 shares of the basic materials company’s stock worth $10,254,000 after acquiring an additional 424,835 shares during the last quarter. Vanguard Group Inc. increased its stake in Coeur Mining by 12.5% during the fourth quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock worth $116,885,000 after acquiring an additional 3,989,352 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Coeur Mining by 149.1% during the first quarter. BNP Paribas Financial Markets now owns 323,988 shares of the basic materials company’s stock worth $1,221,000 after acquiring an additional 193,912 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Coeur Mining by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 16,087,106 shares of the basic materials company’s stock worth $52,445,000 after acquiring an additional 84,920 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in Coeur Mining by 247.7% during the first quarter. SG Americas Securities LLC now owns 113,038 shares of the basic materials company’s stock worth $426,000 after acquiring an additional 80,531 shares during the last quarter. 63.01% of the stock is owned by 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.