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

Coeur Mining (NYSE:CDE) had its price target lowered by Roth Mkm from $8.50 to $8.25 in a research report released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the basic materials company’s stock.

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

Coeur Mining Stock Performance

NYSE:CDE opened at $5.45 on Friday. Coeur Mining has a twelve month low of $2.42 and a twelve month high of $7.72. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 45.38 and a beta of 1.59. The company has a current ratio of 1.09, a quick ratio of 0.39 and a debt-to-equity ratio of 0.53. The firm’s fifty day simple moving average is $6.33 and its 200 day simple moving average is $6.39.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. Coeur Mining had a return on equity of 6.71% and a net margin of 5.59%. The company had revenue of $305.40 million for the quarter, compared to analysts’ expectations of $314.32 million. As a group, equities research analysts expect that Coeur Mining will post 0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coeur Mining

Several hedge funds and other institutional investors have recently modified their holdings of CDE. CWM LLC increased its holdings in Coeur Mining by 93.2% in the third quarter. CWM LLC now owns 9,716 shares of the basic materials company’s stock valued at $67,000 after buying an additional 4,686 shares during the last quarter. Creative Planning grew its position in shares of Coeur Mining by 27.7% in the 3rd quarter. Creative Planning now owns 41,046 shares of the basic materials company’s stock worth $282,000 after acquiring an additional 8,914 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Coeur Mining in the 3rd quarter valued at approximately $142,000. Assenagon Asset Management S.A. raised its position in shares of Coeur Mining by 37.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 437,322 shares of the basic materials company’s stock valued at $3,009,000 after acquiring an additional 119,345 shares in the last quarter. Finally, Ballentine Partners LLC lifted its stake in Coeur Mining by 31.8% during the third quarter. Ballentine Partners LLC now owns 19,021 shares of the basic materials company’s stock worth $131,000 after purchasing an additional 4,586 shares during the last quarter. 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.