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

Coeur Mining (NYSE:CDE - Get Free Report) had its target price cut by Roth Mkm from $8.50 to $8.25 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the basic materials company's stock. Roth Mkm's price objective suggests a potential upside of 62.24% from the stock's current price.

Several other equities analysts have also recently issued reports on the company. Raymond James upgraded Coeur Mining from a "market perform" rating to an "outperform" rating and decreased their price target for the company from $8.75 to $8.25 in a report on Friday. Cantor Fitzgerald raised shares of Coeur Mining from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 7th. Cormark upgraded shares of Coeur Mining to a "moderate buy" rating in a research report on Thursday, February 20th. StockNews.com upgraded shares of Coeur Mining from a "sell" rating to a "hold" rating in a report on Friday, November 8th. Finally, BMO Capital Markets assumed coverage on shares of Coeur Mining in a report on Tuesday, February 18th. They set an "outperform" rating and a $9.00 target price for the company. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $8.31.

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Coeur Mining Price Performance

Shares of CDE stock traded down $0.26 during trading hours on Friday, reaching $5.09. 23,009,314 shares of the company were exchanged, compared to its average volume of 17,878,758. Coeur Mining has a fifty-two week low of $2.42 and a fifty-two week high of $7.72. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39. The stock's fifty day moving average is $6.29 and its two-hundred day moving average is $6.41. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 42.38 and a beta of 1.59.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. The firm had revenue of $305.40 million for the quarter, compared to the consensus estimate of $314.32 million. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. Sell-side analysts forecast that Coeur Mining will post 0.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CDE. Forum Financial Management LP raised its holdings in Coeur Mining by 58.2% in the fourth quarter. Forum Financial Management LP now owns 18,699 shares of the basic materials company's stock worth $107,000 after purchasing an additional 6,879 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Coeur Mining by 3,685.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 181,131 shares of the basic materials company's stock valued at $1,036,000 after buying an additional 176,346 shares in the last quarter. Vise Technologies Inc. acquired a new stake in Coeur Mining during the 4th quarter worth $66,000. PharVision Advisers LLC bought a new position in Coeur Mining during the fourth quarter worth about $161,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Coeur Mining by 28.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,092,106 shares of the basic materials company's stock valued at $6,247,000 after acquiring an additional 238,688 shares during the period. Institutional investors own 63.01% of the company's stock.

Coeur Mining Company Profile

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.