Coeur Mining (NYSE:CDE) Price Target Increased to $7.00 by Analysts at Raymond James

Coeur Mining (NYSE:CDE) had its price objective lifted by Raymond James from $6.25 to $7.00 in a report published on Friday, 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 research firms have also commented on CDE. Cantor Fitzgerald lowered shares of Coeur Mining from an overweight rating to a neutral rating in a research note on Thursday, August 8th. Roth Mkm reaffirmed a buy rating and set a $8.00 price target (up from $7.25) on shares of Coeur Mining in a research report on Friday, August 9th. Finally, BMO Capital Markets boosted their price objective on Coeur Mining from $6.75 to $7.50 and gave the stock an outperform rating in a research report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $7.67.

Coeur Mining Stock Performance

Shares of Coeur Mining stock opened at $6.84 on Friday. Coeur Mining has a 52 week low of $2.00 and a 52 week high of $7.39. The company has a quick ratio of 0.45, a current ratio of 1.20 and a debt-to-equity ratio of 0.59. The business has a 50 day moving average price of $6.13 and a 200-day moving average price of $5.38. The company has a market cap of $2.73 billion, a PE ratio of -22.05 and a beta of 1.64.

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

Hedge Funds Weigh In On Coeur Mining

Several institutional investors and hedge funds have recently bought and sold shares of CDE. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Coeur Mining during the 2nd quarter valued at $49,000. SPC Financial Inc. purchased a new stake in Coeur Mining during the second quarter valued at about $65,000. The Manufacturers Life Insurance Company boosted its position in Coeur Mining by 29.4% during the second quarter. The Manufacturers Life Insurance Company now owns 226,406 shares of the basic materials company’s stock worth $1,272,000 after purchasing an additional 51,474 shares during the period. Millennium Management LLC increased its stake in shares of Coeur Mining by 2.6% in the second quarter. Millennium Management LLC now owns 2,833,850 shares of the basic materials company’s stock worth $15,926,000 after purchasing an additional 72,423 shares in the last quarter. Finally, Dark Forest Capital Management LP raised its position in shares of Coeur Mining by 31.1% in the second quarter. Dark Forest Capital Management LP now owns 49,091 shares of the basic materials company’s stock valued at $276,000 after purchasing an additional 11,651 shares during the period. 63.01% of the stock is 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.