Roth Mkm Reiterates Buy Rating for Coeur Mining (NYSE:CDE)

Coeur Mining (NYSE:CDE)‘s stock had its “buy” rating reissued by research analysts at Roth Mkm in a research note issued on Friday,Benzinga reports. They presently have a $8.50 price objective on the basic materials company’s stock, down from their previous price objective of $9.00. Roth Mkm’s price target would suggest a potential upside of 28.98% from the company’s current price.

Several other brokerages also recently commented on CDE. Raymond James increased their target price on Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a research note on Friday, September 20th. BMO Capital Markets increased their target price on Coeur Mining from $7.50 to $8.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Canaccord Genuity Group increased their target price on Coeur Mining from $7.00 to $7.75 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Cantor Fitzgerald downgraded Coeur Mining from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $7.81.

Coeur Mining Stock Performance

Shares of CDE opened at $6.59 on Friday. The business’s fifty day simple moving average is $6.56 and its two-hundred day simple moving average is $6.02. The company has a current ratio of 1.20, a quick ratio of 0.45 and a debt-to-equity ratio of 0.59. Coeur Mining has a 12 month low of $2.00 and a 12 month high of $7.72. The company has a market cap of $2.63 billion, a price-to-earnings ratio of -219.59 and a beta of 1.65.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, November 6th. The basic materials company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.07 by $0.05. Coeur Mining had a positive return on equity of 1.81% and a negative net margin of 0.44%. The business had revenue of $313.50 million for the quarter, compared to the consensus estimate of $289.19 million. During the same period last year, the business posted ($0.05) EPS. The company’s revenue was up 61.1% compared to the same quarter last year. Research analysts anticipate that Coeur Mining will post 0.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coeur Mining

A number of institutional investors and hedge funds have recently modified their holdings of CDE. Ballentine Partners LLC lifted its position in Coeur Mining by 18.3% during the second quarter. Ballentine Partners LLC now owns 14,435 shares of the basic materials company’s stock valued at $81,000 after purchasing an additional 2,232 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in Coeur Mining by 12.7% during the first quarter. Ameritas Investment Partners Inc. now owns 35,796 shares of the basic materials company’s stock valued at $135,000 after purchasing an additional 4,030 shares in the last quarter. CWM LLC lifted its position in Coeur Mining by 831.5% during the second quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 4,490 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Coeur Mining by 32.4% during the first quarter. Russell Investments Group Ltd. now owns 24,337 shares of the basic materials company’s stock valued at $92,000 after purchasing an additional 5,956 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in Coeur Mining by 59.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,024 shares of the basic materials company’s stock valued at $90,000 after purchasing an additional 5,993 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other 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.