Coeur Mining (NYSE:CDE) Price Target Raised to $4.00

Coeur Mining (NYSE:CDE) had its price objective raised by Raymond James from $3.75 to $4.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have a market perform rating on the basic materials company’s stock.

Separately, National Bank Financial reissued an outperform spec market weight rating on shares of Coeur Mining in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Coeur Mining has a consensus rating of Moderate Buy and a consensus target price of $4.02.

Coeur Mining Stock Up 4.0 %

Shares of NYSE:CDE opened at $4.92 on Monday. The company has a market cap of $1.91 billion, a price-to-earnings ratio of -15.87 and a beta of 1.82. The firm’s 50-day simple moving average is $3.17 and its 200-day simple moving average is $2.88. The company has a quick ratio of 0.38, a current ratio of 0.92 and a debt-to-equity ratio of 0.51. Coeur Mining has a fifty-two week low of $2.00 and a fifty-two week high of $5.37.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, February 21st. The basic materials company reported ($0.02) EPS for the quarter. The company had revenue of $262.10 million for the quarter. Coeur Mining had a negative return on equity of 7.79% and a negative net margin of 12.62%. As a group, equities research analysts predict that Coeur Mining will post -0.05 earnings per share for the current year.

Institutional Trading of Coeur Mining

Several institutional investors and hedge funds have recently modified their holdings of the business. Moneta Group Investment Advisors LLC raised its position in shares of Coeur Mining by 99,607.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 170,843,155 shares of the basic materials company’s stock valued at $574,033,000 after buying an additional 170,671,810 shares during the last quarter. State Street Corp increased its position in Coeur Mining by 56.5% during the first quarter. State Street Corp now owns 27,794,163 shares of the basic materials company’s stock worth $123,684,000 after purchasing an additional 10,035,506 shares during the last quarter. BlackRock Inc. increased its position in Coeur Mining by 21.6% during the second quarter. BlackRock Inc. now owns 32,638,874 shares of the basic materials company’s stock worth $92,694,000 after purchasing an additional 5,798,848 shares during the last quarter. Jupiter Asset Management Ltd. increased its position in Coeur Mining by 95.9% during the third quarter. Jupiter Asset Management Ltd. now owns 10,246,050 shares of the basic materials company’s stock worth $22,746,000 after purchasing an additional 5,017,119 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Coeur Mining by 12.5% during the fourth quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock worth $116,885,000 after purchasing an additional 3,989,352 shares during the last quarter. 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.