Roth Mkm Has Lowered Expectations for Coeur Mining (NYSE:CDE) Stock Price

Coeur Mining (NYSE:CDE) had its target price cut by equities researchers at Roth Mkm from $8.50 to $8.25 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the basic materials company’s stock. Roth Mkm’s target price suggests a potential upside of 49.05% from the company’s previous close.

CDE has been the subject of a number of other reports. Raymond James raised Coeur Mining from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $8.75 to $8.25 in a research note on Friday. Cormark raised Coeur Mining to a “moderate buy” rating in a research note on Thursday. BMO Capital Markets initiated coverage on Coeur Mining in a report on Tuesday. They set an “outperform” rating and a $9.00 price objective on the stock. Cantor Fitzgerald upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. Finally, StockNews.com upgraded Coeur Mining from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Coeur Mining has an average rating of “Buy” and a consensus target price of $8.31.

Coeur Mining Stock Performance

CDE traded down $0.57 during midday trading on Friday, reaching $5.54. The company had a trading volume of 16,582,940 shares, compared to its average volume of 16,899,379. The company has a quick ratio of 0.39, a current ratio of 1.09 and a debt-to-equity ratio of 0.53. The business has a 50-day moving average of $6.33 and a two-hundred day moving average of $6.39. The company has a market cap of $2.21 billion, a P/E ratio of 46.05 and a beta of 1.59. Coeur Mining has a 1 year low of $2.42 and a 1 year high of $7.72.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The business had revenue of $305.40 million during the quarter, compared to analysts’ expectations of $314.32 million. Coeur Mining had a return on equity of 6.71% and a net margin of 5.59%. As a group, equities research analysts predict that Coeur Mining will post 0.58 earnings per share for the current fiscal year.

Institutional Trading of Coeur Mining

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC boosted its stake in shares of Coeur Mining by 139.8% in the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock worth $33,000 after buying an additional 3,359 shares during the last quarter. Quarry LP raised its holdings in Coeur Mining by 853.8% in the 4th quarter. Quarry LP now owns 6,667 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 5,968 shares during the period. Optiver Holding B.V. raised its holdings in Coeur Mining by 150.5% in the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 4,903 shares during the period. FNY Investment Advisers LLC acquired a new position in Coeur Mining in the 4th quarter worth about $57,000. Finally, DRW Securities LLC acquired a new position in Coeur Mining in the 4th quarter worth about $60,000. 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.