Coeur Mining (NYSE:CDE) Stock Rating Reaffirmed by Roth Mkm

Coeur Mining (NYSE:CDE)‘s stock had its “buy” rating reiterated by equities research analysts at Roth Mkm in a report issued on Friday, Benzinga reports. They presently 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 target price indicates a potential upside of 47.06% from the company’s current price.

A number of other brokerages have also weighed in on CDE. Raymond James increased their target price on shares of Coeur Mining from $5.00 to $5.75 and gave the stock a “market perform” rating in a research report on Wednesday, July 17th. BMO Capital Markets increased their target price on shares of Coeur Mining from $6.75 to $7.50 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Finally, Cantor Fitzgerald lowered shares of Coeur Mining from an “overweight” rating to a “neutral” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Coeur Mining currently has an average rating of “Moderate Buy” and a consensus price target of $6.44.

Coeur Mining Stock Up 1.1 %

CDE traded up $0.06 during trading on Friday, hitting $5.44. 5,144,985 shares of the company’s stock were exchanged, compared to its average volume of 7,203,084. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.55. The business’s 50 day moving average is $5.89 and its two-hundred day moving average is $4.61. Coeur Mining has a fifty-two week low of $2.00 and a fifty-two week high of $6.82. The stock has a market cap of $2.17 billion, a P/E ratio of -17.55 and a beta of 1.60.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $222.03 million during the quarter, compared to the consensus estimate of $242.18 million. Coeur Mining had a negative net margin of 12.77% and a negative return on equity of 6.28%. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.06) earnings per share. As a group, equities analysts expect that Coeur Mining will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC purchased a new stake in shares of Coeur Mining in the 1st quarter worth about $41,587,000. American Century Companies Inc. grew its position in shares of 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 worth $36,325,000 after buying an additional 4,606,711 shares during the period. Vanguard Group Inc. grew its position in shares of Coeur Mining by 12.5% in the 4th quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock worth $116,885,000 after buying an additional 3,989,352 shares during the period. Van ECK Associates Corp grew its position in shares of Coeur Mining by 10.9% in the 4th quarter. Van ECK Associates Corp now owns 36,279,058 shares of the basic materials company’s stock worth $118,269,000 after buying an additional 3,556,959 shares during the period. Finally, M&G Plc purchased a new stake in shares of Coeur Mining in the 2nd quarter worth about $9,966,000. 63.01% of the stock is currently owned by institutional investors.

Coeur Mining Company Profile

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.