Coeur Mining (NYSE:CDE) Price Target Cut to $8.25 by Analysts at Roth Mkm

Coeur Mining (NYSE:CDE) had its price target dropped by equities researchers at Roth Mkm from $8.50 to $8.25 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the basic materials company’s stock. Roth Mkm’s target price would suggest a potential upside of 49.05% from the stock’s previous close.

CDE has been the subject of several other research reports. Raymond James raised Coeur Mining from a “market perform” rating to an “outperform” rating and cut their price target for the company from $8.75 to $8.25 in a report on Friday. StockNews.com raised Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, November 8th. BMO Capital Markets assumed coverage on Coeur Mining in a report on Tuesday. They issued an “outperform” rating and a $9.00 price target for the company. Cormark raised Coeur Mining to a “moderate buy” rating in a report on Thursday. Finally, Cantor Fitzgerald raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Coeur Mining presently has a consensus rating of “Buy” and a consensus price target of $8.31.

Coeur Mining Price Performance

Shares of Coeur Mining stock traded down $0.57 during mid-day trading on Friday, reaching $5.54. 16,582,940 shares of the stock traded hands, compared to its average volume of 16,899,379. The business has a 50-day moving average of $6.33 and a 200 day moving average of $6.39. Coeur Mining has a fifty-two week low of $2.42 and a fifty-two week high of $7.72. The stock has a market capitalization of $2.21 billion, a PE ratio of 46.05 and a beta of 1.59. The company has a quick ratio of 0.39, a current ratio of 1.09 and a debt-to-equity ratio of 0.53.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. Coeur Mining had a return on equity of 6.71% and a net margin of 5.59%. The business had revenue of $305.40 million during the quarter, compared to analysts’ expectations of $314.32 million. On average, analysts predict that Coeur Mining will post 0.58 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in shares of Coeur Mining by 139.8% during the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock worth $33,000 after buying an additional 3,359 shares during the period. Quarry LP boosted its position in shares of Coeur Mining by 853.8% during the fourth quarter. Quarry LP now owns 6,667 shares of the basic materials company’s stock worth $38,000 after buying an additional 5,968 shares during the period. Optiver Holding B.V. boosted its position in shares of Coeur Mining by 150.5% during the fourth quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company’s stock worth $47,000 after buying an additional 4,903 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Coeur Mining during the fourth quarter worth $57,000. Finally, DRW Securities LLC purchased a new position in shares of Coeur Mining during the fourth quarter worth $60,000. 63.01% of the stock is currently owned by hedge funds and other 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.