Raymond James Raises Coeur Mining (NYSE:CDE) Price Target to $5.25

Coeur Mining (NYSE:CDEGet Rating) had its price objective increased by Raymond James from $5.00 to $5.25 in a research note published on Tuesday morning, BayStreet.CA reports. Raymond James currently has a market perform rating on the basic materials company’s stock.

CDE has been the subject of a number of other reports. Canaccord Genuity Group cut shares of Coeur Mining from a buy rating to a hold rating and dropped their price objective for the stock from $3.75 to $3.50 in a research note on Friday, August 5th. Noble Financial cut shares of Coeur Mining from an outperform rating to a market perform rating in a research note on Monday, August 8th. Canaccord Genuity Group cut shares of Coeur Mining from a buy rating to a hold rating and lowered their target price for the stock from $3.75 to $3.50 in a research note on Friday, August 5th. Finally, BMO Capital Markets lowered their target price on shares of Coeur Mining from $4.75 to $3.75 and set a market perform rating for the company in a research note on Thursday, August 4th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Hold and a consensus price target of $4.25.

Coeur Mining Trading Down 2.3 %

Shares of CDE opened at $3.00 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.57 and a quick ratio of 0.95. The firm has a 50 day simple moving average of $2.97 and a 200-day simple moving average of $3.62. Coeur Mining has a 1-year low of $2.54 and a 1-year high of $7.64. The stock has a market cap of $842.42 million, a price-to-earnings ratio of -6.00 and a beta of 1.78.

Hedge Funds Weigh In On Coeur Mining

A number of hedge funds have recently made changes to their positions in the stock. State Street Corp boosted its holdings in shares of Coeur Mining by 56.5% in the 1st quarter. State Street Corp now owns 27,794,163 shares of the basic materials company’s stock valued at $123,684,000 after purchasing an additional 10,035,506 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Coeur Mining by 12.2% in the 2nd quarter. Van ECK Associates Corp now owns 26,821,281 shares of the basic materials company’s stock valued at $81,537,000 after purchasing an additional 2,909,130 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Coeur Mining by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 22,775,472 shares of the basic materials company’s stock valued at $101,351,000 after purchasing an additional 152,237 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Coeur Mining by 3.2% in the 1st quarter. BlackRock Inc. now owns 21,720,736 shares of the basic materials company’s stock valued at $96,658,000 after purchasing an additional 670,133 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Coeur Mining by 15.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,632,842 shares of the basic materials company’s stock valued at $38,416,000 after purchasing an additional 1,128,839 shares during the last quarter. Institutional investors and hedge funds own 63.13% of the company’s stock.

About Coeur Mining

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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 holds 100% interests in the Palmarejo gold and silver mine covering an area of approximately 67,296 net acres located in the State of Chihuahua in Northern Mexico; the Rochester silver and gold mine that covers an area of approximately 43,441net acres situated in northwestern Nevada; the Kensington gold mine comprising 3,972 net acres located to the north of Juneau, Alaska; the Wharf gold mine covering an area of approximately 3,243 net acres situated in the northern Black Hills of western South Dakota; and the Silvertip silver-zinc-lead mine comprising 97,298 net acres located in northern British Columbia, Canada.

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