Coeur Mining (NYSE:CDE) Price Target Lowered to $8.25 at Roth Mkm

Coeur Mining (NYSE:CDE) had its target price dropped by analysts at Roth Mkm from $8.50 to $8.25 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the basic materials company’s stock. Roth Mkm’s price objective points to a potential upside of 51.52% from the company’s previous close.

A number of other analysts have also recently weighed in on CDE. Cantor Fitzgerald upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. BMO Capital Markets began coverage on Coeur Mining in a report on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 price objective for the company. Cormark raised Coeur Mining to a “moderate buy” rating in a report on Thursday. StockNews.com raised Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, Raymond James raised Coeur Mining from a “market perform” rating to an “outperform” rating and decreased their price objective for the stock from $8.75 to $8.25 in a report on Friday. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $8.31.

Coeur Mining Stock Down 10.7 %

Shares of Coeur Mining stock opened at $5.45 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. The business’s 50 day simple moving average is $6.31 and its 200-day simple moving average is $6.40. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 45.38 and a beta of 1.59. Coeur Mining has a twelve month low of $2.42 and a twelve month high of $7.72.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. The business had revenue of $305.40 million for the quarter, compared to analysts’ expectations of $314.32 million. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. Equities research analysts forecast that Coeur Mining will post 0.58 earnings per share for the current year.

Hedge Funds Weigh In On Coeur Mining

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CDE. GAMMA Investing LLC boosted its stake in Coeur Mining by 139.8% during the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 3,359 shares in the last quarter. Quarry LP boosted its stake in Coeur Mining by 853.8% during the 4th quarter. Quarry LP now owns 6,667 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 5,968 shares in the last quarter. Optiver Holding B.V. boosted its stake in Coeur Mining by 150.5% during the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 4,903 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Coeur Mining during the 4th quarter valued at $57,000. Finally, DRW Securities LLC bought a new position in Coeur Mining during the 4th quarter valued at $60,000. 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.