Roth Mkm Begins Coverage on Coeur Mining (NYSE:CDE)

Research analysts at Roth Mkm started coverage on shares of Coeur Mining (NYSE:CDE) in a report issued on Tuesday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $5.40 price target on the basic materials company’s stock. Roth Mkm’s price objective points to a potential upside of 14.41% from the company’s previous close.

Several other analysts have also recently commented on CDE. Raymond James lifted their target price on shares of Coeur Mining from $3.75 to $4.00 and gave the stock a “market perform” rating in a research note on Monday. National Bank Financial reaffirmed an “outperform spec market weight” rating on shares of Coeur Mining in a research note on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.21.

Coeur Mining Trading Down 4.3 %

Shares of CDE opened at $4.72 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.92 and a quick ratio of 0.38. The firm has a 50 day simple moving average of $3.21 and a 200-day simple moving average of $2.90. Coeur Mining has a 1-year low of $2.00 and a 1-year high of $5.37. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of -15.23 and a beta of 1.82.

Coeur Mining (NYSE:CDE) last released 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%. Equities analysts forecast that Coeur Mining will post -0.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Coeur Mining

Several hedge funds and other institutional investors have recently made changes to their positions in CDE. Alberta Investment Management Corp acquired a new position in shares of Coeur Mining during the 2nd quarter valued at $29,000. Atria Wealth Solutions Inc. acquired a new position in shares of Coeur Mining during the 4th quarter valued at $33,000. US Bancorp DE lifted its holdings in shares of Coeur Mining by 1,742.5% during the 4th quarter. US Bancorp DE now owns 10,355 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 9,793 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Coeur Mining during the 4th quarter valued at $34,000. Finally, Rathbones Group PLC acquired a new position in shares of Coeur Mining during the 3rd quarter valued at $35,000. Institutional investors and hedge funds 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.