Coeur Mining’s (CDE) “Buy” Rating Reiterated at Roth Mkm

Coeur Mining (NYSE:CDE)‘s stock had its “buy” rating reissued by equities researchers at Roth Mkm in a note issued to investors on Friday, Benzinga reports. They presently have a $8.00 price target on the basic materials company’s stock, up from their previous price target of $7.25. Roth Mkm’s target price would indicate a potential upside of 49.53% from the company’s current price.

A number of other equities analysts have also commented on the company. Cantor Fitzgerald lowered Coeur Mining from an “overweight” rating to a “neutral” rating in a research note on Thursday. Raymond James upped their price objective on shares of Coeur Mining from $5.00 to $5.75 and gave the company a “market perform” rating in a research note on Wednesday, July 17th. Finally, BMO Capital Markets lifted their target price on shares of Coeur Mining from $6.75 to $7.50 and gave the stock an “outperform” rating in a research note on Friday, July 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $6.31.

Coeur Mining Price Performance

Shares of Coeur Mining stock traded down $0.03 during midday trading on Friday, hitting $5.35. 1,057,193 shares of the company traded hands, compared to its average volume of 7,176,367. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of -17.26 and a beta of 1.60. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.43 and a current ratio of 0.99. The firm’s fifty day moving average price is $5.90 and its 200-day moving average price is $4.58. Coeur Mining has a 12 month low of $2.00 and a 12 month high of $6.82.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $222.03 million for the quarter, compared to analyst estimates of $242.18 million. Coeur Mining had a negative return on equity of 6.28% and a negative net margin of 12.77%. Coeur Mining’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.06) EPS. As a group, sell-side analysts forecast that Coeur Mining will post 0.08 earnings per share for the current year.

Institutional Trading of Coeur Mining

A number of large investors have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd purchased a new stake in shares of Coeur Mining during the 2nd quarter worth approximately $57,000. Mainsail Asset Management LLC purchased a new stake in shares of Coeur Mining during the 2nd quarter valued at approximately $379,000. American Century Companies Inc. boosted its holdings in shares of Coeur Mining by 248.1% in the second quarter. American Century Companies Inc. now owns 6,463,587 shares of the basic materials company’s stock worth $36,325,000 after acquiring an additional 4,606,711 shares during the period. State of New Jersey Common Pension Fund D purchased a new stake in Coeur Mining during the 2nd quarter worth about $1,843,000. Finally, Headlands Technologies LLC bought a new position in Coeur Mining in the 2nd quarter worth about $626,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

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.