Coeur Mining (NYSE:CDE) Given New $8.25 Price Target at Roth Mkm

Coeur Mining (NYSE:CDE) had its price target reduced by Roth Mkm from $8.50 to $8.25 in a research note issued to investors on Friday,Benzinga reports. They currently have a buy rating on the basic materials company’s stock.

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

Coeur Mining Stock Down 10.7 %

Shares of Coeur Mining stock 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 stock 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 business’s 50 day simple moving average is $6.33 and its 200-day simple moving average is $6.39.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. Coeur Mining had a return on equity of 6.71% and a net margin of 5.59%. The firm had revenue of $305.40 million for the quarter, compared to analyst estimates of $314.32 million. 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

Several hedge funds have recently modified their holdings of CDE. Two Sigma Advisers LP grew its holdings in Coeur Mining by 404.6% during the fourth quarter. Two Sigma Advisers LP now owns 5,089,100 shares of the basic materials company’s stock worth $29,110,000 after acquiring an additional 4,080,600 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of Coeur Mining during the 4th quarter valued at about $21,224,000. Vanguard Group Inc. grew its stake in shares of Coeur Mining by 8.5% in the 4th quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company’s stock worth $232,805,000 after purchasing an additional 3,178,785 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Coeur Mining by 12,934.3% in the 4th quarter. Marshall Wace LLP now owns 2,971,679 shares of the basic materials company’s stock worth $16,998,000 after purchasing an additional 2,948,880 shares in the last quarter. Finally, Two Sigma Investments LP raised its holdings in shares of Coeur Mining by 57.8% in the 4th quarter. Two Sigma Investments LP now owns 7,210,595 shares of the basic materials company’s stock worth $41,245,000 after purchasing an additional 2,641,310 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

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.