Raymond James set a $6.25 price target on Coeur Mining (NYSE:CDE) in a research note issued to investors on Wednesday morning, BayStreet.CA reports. The firm currently has a market perform rating on the basic materials company’s stock. Raymond James also issued estimates for Coeur Mining’s Q1 2020 earnings at $0.02 EPS and FY2020 earnings at $0.12 EPS.

Several other equities research analysts also recently issued reports on CDE. Noble Financial set a $6.00 price objective on shares of Coeur Mining and gave the stock a buy rating in a research report on Friday, August 9th. BMO Capital Markets set a $5.00 price objective on shares of Coeur Mining and gave the stock a hold rating in a research report on Friday, July 19th. Zacks Investment Research downgraded shares of Coeur Mining from a buy rating to a hold rating in a research report on Tuesday, October 15th. Roth Capital reissued a neutral rating and set a $5.25 price objective on shares of Coeur Mining in a research report on Wednesday, August 7th. Finally, Canaccord Genuity downgraded shares of Coeur Mining from a buy rating to a hold rating and set a $5.50 price objective for the company. in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $6.08.

CDE opened at $5.94 on Wednesday. The firm’s fifty day moving average is $5.20 and its two-hundred day moving average is $4.44. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.42 and a current ratio of 1.15. The firm has a market cap of $1.40 billion, a PE ratio of -594.00 and a beta of 0.81. Coeur Mining has a twelve month low of $2.78 and a twelve month high of $6.14.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Monday, November 4th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. Coeur Mining had a negative net margin of 10.57% and a negative return on equity of 4.07%. The company had revenue of $199.47 million during the quarter, compared to the consensus estimate of $199.41 million. During the same quarter in the prior year, the firm earned ($0.11) earnings per share. The firm’s revenue was up 34.1% compared to the same quarter last year. Equities analysts forecast that Coeur Mining will post -0.23 EPS for the current fiscal year.

In related news, CAO Kenneth J. Watkinson sold 9,891 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $5.48, for a total value of $54,202.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.88% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in Coeur Mining by 15.3% in the second quarter. BlackRock Inc. now owns 16,253,121 shares of the basic materials company’s stock valued at $70,537,000 after purchasing an additional 2,153,374 shares in the last quarter. Macquarie Group Ltd. grew its position in Coeur Mining by 7.1% in the second quarter. Macquarie Group Ltd. now owns 5,265,765 shares of the basic materials company’s stock valued at $22,854,000 after purchasing an additional 347,633 shares in the last quarter. Bank of New York Mellon Corp grew its position in Coeur Mining by 26.2% in the second quarter. Bank of New York Mellon Corp now owns 5,205,668 shares of the basic materials company’s stock valued at $22,592,000 after purchasing an additional 1,080,100 shares in the last quarter. Renaissance Technologies LLC grew its position in Coeur Mining by 38.9% in the second quarter. Renaissance Technologies LLC now owns 3,484,428 shares of the basic materials company’s stock valued at $15,122,000 after purchasing an additional 976,400 shares in the last quarter. Finally, Morgan Stanley grew its position in Coeur Mining by 40.1% in the second quarter. Morgan Stanley now owns 2,898,249 shares of the basic materials company’s stock valued at $12,578,000 after purchasing an additional 830,146 shares in the last quarter. 65.51% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Company Profile

Coeur Mining, Inc explores for, develops, and produces gold, silver, zinc, and lead properties. It holds interests in the Palmarejo gold and silver complex located in Mexico; the Rochester silver and gold mine situated in Nevada; the Kensington gold mine located in Alaska; the Wharf gold mine situated in South Dakota; and the Silvertip silver-zinc-lead mine located in Canada.

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Analyst Recommendations for Coeur Mining (NYSE:CDE)

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