Coeur Mining (NYSE:CDE) PT Raised to $7.00

Coeur Mining (NYSE:CDE) had its price objective raised by research analysts at Raymond James from $6.25 to $7.00 in a report issued on Friday, Benzinga reports. The firm currently has a “market perform” rating on the basic materials company’s stock. Raymond James’ price target would indicate a potential upside of 0.43% from the company’s current price. Raymond James also issued estimates for Coeur Mining’s Q1 2025 earnings at $0.09 EPS, Q2 2025 earnings at $0.10 EPS, Q3 2025 earnings at $0.10 EPS and Q4 2025 earnings at $0.11 EPS.

CDE has been the subject of several other research reports. BMO Capital Markets raised their price objective on shares of Coeur Mining from $6.75 to $7.50 and gave the company an “outperform” rating in a research note on Friday, July 12th. Cantor Fitzgerald cut shares of Coeur Mining from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 8th. Finally, Roth Mkm restated a “buy” rating and set a $8.00 target price (up previously from $7.25) on shares of Coeur Mining in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.63.

Coeur Mining Stock Up 0.9 %

CDE stock opened at $6.97 on Friday. Coeur Mining has a one year low of $2.00 and a one year high of $7.39. The stock has a market capitalization of $2.78 billion, a PE ratio of -22.48 and a beta of 1.64. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.45 and a current ratio of 1.20. The company has a fifty day moving average of $6.12 and a 200-day moving average of $5.34.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, August 7th. The basic materials company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. Coeur Mining had a negative net margin of 8.33% and a negative return on equity of 4.59%. The firm had revenue of $222.03 million during the quarter, compared to analysts’ expectations of $242.18 million. During the same quarter last year, the business earned ($0.06) earnings per share. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. As a group, analysts expect that Coeur Mining will post 0.08 EPS for the current year.

Institutional Investors Weigh In On Coeur Mining

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ballentine Partners LLC grew its holdings in shares of Coeur Mining by 18.3% during the second quarter. Ballentine Partners LLC now owns 14,435 shares of the basic materials company’s stock worth $81,000 after buying an additional 2,232 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of Coeur Mining by 12.7% during the first quarter. Ameritas Investment Partners Inc. now owns 35,796 shares of the basic materials company’s stock worth $135,000 after buying an additional 4,030 shares in the last quarter. CWM LLC grew its holdings in shares of Coeur Mining by 831.5% during the second quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock worth $28,000 after buying an additional 4,490 shares in the last quarter. Marotta Asset Management grew its holdings in shares of Coeur Mining by 50.0% during the first quarter. Marotta Asset Management now owns 15,000 shares of the basic materials company’s stock worth $57,000 after buying an additional 5,000 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Coeur Mining by 32.4% during the first quarter. Russell Investments Group Ltd. now owns 24,337 shares of the basic materials company’s stock worth $92,000 after buying an additional 5,956 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

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.