Coeur Mining (NYSE:CDE) Receives “Buy” Rating from Roth Mkm

Roth Mkm restated their buy rating on shares of Coeur Mining (NYSE:CDE) in a report issued on Friday morning,Benzinga reports. Roth Mkm currently has a $8.50 target price on the basic materials company’s stock, down from their prior target price of $9.00.

CDE has been the subject of several other reports. BMO Capital Markets upped their price objective on shares of Coeur Mining from $7.50 to $8.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Cantor Fitzgerald cut Coeur Mining from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 8th. Raymond James raised their price target on Coeur Mining from $6.25 to $7.00 and gave the stock a “market perform” rating in a research note on Friday, September 20th. Finally, Canaccord Genuity Group boosted their price objective on shares of Coeur Mining from $7.00 to $7.75 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $7.81.

Coeur Mining Stock Performance

NYSE:CDE remained flat at $6.59 during trading hours on Friday. 11,276,482 shares of the company were exchanged, compared to its average volume of 7,836,467. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of -219.67 and a beta of 1.65. The firm’s 50-day moving average price is $6.56 and its 200-day moving average price is $6.02. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.20 and a quick ratio of 0.45. Coeur Mining has a one year low of $2.00 and a one year high of $7.72.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.05. The business had revenue of $313.50 million for the quarter, compared to analyst estimates of $289.19 million. Coeur Mining had a negative return on equity of 4.59% and a negative net margin of 8.33%. Coeur Mining’s revenue for the quarter was up 61.1% compared to the same quarter last year. During the same period last year, the company earned ($0.05) EPS. Equities analysts anticipate that Coeur Mining will post 0.14 earnings per share for the current fiscal year.

Institutional Trading of Coeur Mining

Institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC raised its holdings in Coeur Mining by 831.5% in the 2nd quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 4,490 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Coeur Mining during the second quarter valued at $49,000. Hohimer Wealth Management LLC purchased a new stake in shares of Coeur Mining during the second quarter valued at $57,000. WINTON GROUP Ltd bought a new stake in Coeur Mining in the 2nd quarter worth about $57,000. Finally, CIBC Asset Management Inc purchased a new position in Coeur Mining in the 2nd quarter worth about $59,000. 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.