Raymond James Increases Coeur Mining (NYSE:CDE) Price Target to $4.00

Coeur Mining (NYSE:CDE) had its price objective upped by analysts at Raymond James from $3.75 to $4.00 in a research note issued on Monday, Benzinga reports. The firm presently has a “market perform” rating on the basic materials company’s stock. Raymond James’ price target points to a potential downside of 18.70% from the stock’s previous close.

Separately, National Bank Financial reiterated an “outperform spec market weight” rating on shares of Coeur Mining in a research note on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $4.02.

Coeur Mining Stock Up 4.0 %

Shares of CDE stock opened at $4.92 on Monday. The stock has a market cap of $1.91 billion, a P/E ratio of -15.87 and a beta of 1.82. Coeur Mining has a one year low of $2.00 and a one year high of $5.37. The stock has a fifty day moving average price of $3.17 and a 200 day moving average price of $2.88. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.92 and a quick ratio of 0.38.

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

Institutional Trading of Coeur Mining

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Marotta Asset Management increased its position in Coeur Mining by 50.0% in the first quarter. Marotta Asset Management now owns 15,000 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 5,000 shares during the period. Vanguard Group Inc. increased its position in Coeur Mining by 12.5% in 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 period. Virtu Financial LLC bought a new position in Coeur Mining during the fourth quarter worth about $34,000. Price T Rowe Associates Inc. MD boosted its holdings in Coeur Mining by 6.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 314,618 shares of the basic materials company’s stock worth $1,026,000 after buying an additional 18,245 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in Coeur Mining by 28.1% during the fourth quarter. Legal & General Group Plc now owns 1,199,581 shares of the basic materials company’s stock worth $3,911,000 after buying an additional 263,482 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

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.