Coeur Mining (NYSE:CDE – Get Rating) had its price objective lifted by Raymond James from $5.00 to $5.25 in a research note issued to investors on Tuesday morning, BayStreet.CA reports. They currently have a market perform rating on the basic materials company's stock.
Other analysts have also issued research reports about the company. BMO Capital Markets lowered their price target on Coeur Mining from $4.75 to $3.75 and set a market perform rating for the company in a report on Thursday, August 4th. Canaccord Genuity Group lowered Coeur Mining from a buy rating to a hold rating and lowered their price target for the company from $3.75 to $3.50 in a report on Friday, August 5th. Canaccord Genuity Group lowered Coeur Mining from a buy rating to a hold rating and lowered their price target for the company from $3.75 to $3.50 in a report on Friday, August 5th. Finally, Noble Financial lowered Coeur Mining from an outperform rating to a market perform rating in a report on Monday, August 8th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, Coeur Mining currently has a consensus rating of Hold and a consensus target price of $4.25.
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Coeur Mining Stock Down 7.3 %
Shares of NYSE:CDE opened at $2.78 on Tuesday. Coeur Mining has a 1 year low of $2.54 and a 1 year high of $7.64. The business has a 50 day simple moving average of $2.97 and a two-hundred day simple moving average of $3.61. The firm has a market capitalization of $780.64 million, a PE ratio of -5.56 and a beta of 1.78. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.57 and a quick ratio of 0.95.
Hedge Funds Weigh In On Coeur Mining
A number of large investors have recently bought and sold shares of CDE. State Street Corp raised its stake in Coeur Mining by 56.5% in the first quarter. State Street Corp now owns 27,794,163 shares of the basic materials company's stock worth $123,684,000 after buying an additional 10,035,506 shares in the last quarter. Van ECK Associates Corp raised its stake in Coeur Mining by 12.2% in the second quarter. Van ECK Associates Corp now owns 26,821,281 shares of the basic materials company's stock worth $81,537,000 after buying an additional 2,909,130 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Coeur Mining during the fourth quarter worth $9,838,000. Assenagon Asset Management S.A. acquired a new position in shares of Coeur Mining during the first quarter worth $7,723,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Coeur Mining by 15.0% during the first quarter. Dimensional Fund Advisors LP now owns 8,632,842 shares of the basic materials company's stock worth $38,416,000 after purchasing an additional 1,128,839 shares in the last quarter. Institutional investors own 63.13% of the company's stock.
About Coeur Mining
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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 holds 100% interests in the Palmarejo gold and silver mine covering an area of approximately 67,296 net acres located in the State of Chihuahua in Northern Mexico; the Rochester silver and gold mine that covers an area of approximately 43,441net acres situated in northwestern Nevada; the Kensington gold mine comprising 3,972 net acres located to the north of Juneau, Alaska; the Wharf gold mine covering an area of approximately 3,243 net acres situated in the northern Black Hills of western South Dakota; and the Silvertip silver-zinc-lead mine comprising 97,298 net acres located in northern British Columbia, Canada.
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