Raymond James Boosts Coeur Mining (NYSE:CDE) Price Target to $7.00

Coeur Mining (NYSE:CDE) had its price objective upped by Raymond James from $6.25 to $7.00 in a report issued on Friday morning, Benzinga reports. Raymond James currently has a market perform rating on the basic materials company’s stock. Raymond James also issued estimates for Coeur Mining’s Q1 2025 earnings at $0.09 EPS, Q2 2025 earnings at $0.10 EPS, Q3 2025 earnings at $0.10 EPS and Q4 2025 earnings at $0.11 EPS.

Several other equities analysts have also commented on CDE. BMO Capital Markets upped their target price on Coeur Mining from $6.75 to $7.50 and gave the company an outperform rating in a report on Friday, July 12th. Roth Mkm restated a buy rating and set a $8.00 price objective (up from $7.25) on shares of Coeur Mining in a research note on Friday, August 9th. Finally, Cantor Fitzgerald cut Coeur Mining from an overweight rating to a neutral rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $7.50.

Coeur Mining Trading Up 0.9 %

NYSE:CDE opened at $6.97 on Friday. The company has a market cap of $2.78 billion, a PE ratio of -22.48 and a beta of 1.64. The business’s 50 day moving average is $6.12 and its two-hundred day moving average is $5.36. 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 has a 52 week low of $2.00 and a 52 week high of $7.39.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Coeur Mining had a negative net margin of 8.33% and a negative return on equity of 4.59%. The company had revenue of $222.03 million for the quarter, compared to the consensus estimate of $242.18 million. During the same period last year, the firm posted ($0.06) EPS. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. On average, analysts predict that Coeur Mining will post 0.08 EPS for the current year.

Institutional Trading of Coeur Mining

Several hedge funds have recently added to or reduced their stakes in CDE. Tidal Investments LLC bought a new position in shares of Coeur Mining in the first quarter worth $41,587,000. American Century Companies Inc. grew its position in Coeur Mining by 248.1% in the 2nd quarter. American Century Companies Inc. now owns 6,463,587 shares of the basic materials company’s stock valued at $36,325,000 after buying an additional 4,606,711 shares in the last quarter. Vanguard Group Inc. increased its stake in Coeur Mining by 12.5% during the 4th quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock valued at $116,885,000 after buying an additional 3,989,352 shares during the period. Van ECK Associates Corp raised its position in shares of Coeur Mining by 6.5% during the 1st quarter. Van ECK Associates Corp now owns 38,624,849 shares of the basic materials company’s stock worth $145,616,000 after buying an additional 2,345,791 shares in the last quarter. Finally, M&G Plc acquired a new stake in shares of Coeur Mining in the 2nd quarter worth approximately $9,966,000. 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.