Roth Mkm Reaffirms “Buy” Rating for Coeur Mining (NYSE:CDE)

Coeur Mining (NYSE:CDE)‘s stock had its “buy” rating restated by equities research analysts at Roth Mkm in a report issued on Friday, Benzinga reports. They currently have a $8.00 price target on the basic materials company’s stock, up from their prior price target of $7.25. Roth Mkm’s price objective would suggest a potential upside of 47.06% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Raymond James raised their target price on shares of Coeur Mining from $5.00 to $5.75 and gave the stock a “market perform” rating in a report on Wednesday, July 17th. BMO Capital Markets raised their target price on shares of Coeur Mining from $6.75 to $7.50 and gave the stock an “outperform” rating in a report on Friday, July 12th. Finally, Cantor Fitzgerald cut shares of Coeur Mining from an “overweight” rating to a “neutral” rating in a report on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $6.44.

Coeur Mining Stock Up 1.1 %

NYSE:CDE traded up $0.06 during mid-day trading on Friday, reaching $5.44. The stock had a trading volume of 5,144,985 shares, compared to its average volume of 7,203,084. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of -17.55 and a beta of 1.60. Coeur Mining has a 1-year low of $2.00 and a 1-year high of $6.82. The stock’s 50 day simple moving average is $5.89 and its two-hundred day simple moving average is $4.61. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.99 and a quick ratio of 0.43.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Coeur Mining had a negative return on equity of 6.28% and a negative net margin of 12.77%. The business had revenue of $222.03 million during the quarter, compared to the consensus estimate of $242.18 million. During the same period last year, the firm earned ($0.06) earnings per share. The company’s revenue for the quarter was up 25.3% compared to the same quarter last year. Equities analysts anticipate that Coeur Mining will post 0.08 EPS for the current year.

Institutional Investors Weigh In On Coeur Mining

Hedge funds have recently made changes to their positions in the business. Janus Henderson Group PLC increased its stake in shares of 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 valued at $10,254,000 after acquiring an additional 424,835 shares during the period. Vanguard Group Inc. increased its stake in shares of 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 valued at $116,885,000 after acquiring an additional 3,989,352 shares during the period. BNP Paribas Financial Markets increased its stake in shares of 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 valued at $1,221,000 after acquiring an additional 193,912 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Coeur Mining by 253.1% during the first quarter. Assenagon Asset Management S.A. now owns 872,659 shares of the basic materials company’s stock valued at $3,290,000 after acquiring an additional 625,490 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of 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 valued at $52,445,000 after acquiring an additional 84,920 shares during the period. Institutional investors 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.