Raymond James set a $6.25 target price on Coeur Mining (NYSE:CDE) in a research report sent to investors on Wednesday, 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 analysts also recently issued reports on the stock. Roth Capital reissued a neutral rating and set a $5.25 price target on shares of Coeur Mining in a report on Wednesday, August 7th. Zacks Investment Research downgraded shares of Coeur Mining from a buy rating to a hold rating in a report on Tuesday, October 15th. ValuEngine downgraded shares of Coeur Mining from a hold rating to a sell rating in a report on Wednesday, October 30th. B. Riley upped their price objective on shares of Coeur Mining from $7.50 to $7.80 and gave the stock a buy rating in a report on Tuesday, September 24th. Finally, Noble Financial set a $6.00 price objective on shares of Coeur Mining and gave the stock a buy rating in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Coeur Mining presently has a consensus rating of Hold and a consensus price target of $6.08.

Shares of CDE traded up $0.06 during midday trading on Wednesday, hitting $5.94. 6,943,644 shares of the stock traded hands, compared to its average volume of 4,978,870. Coeur Mining has a 1-year low of $2.78 and a 1-year high of $6.14. The firm has a market capitalization of $1.40 billion, a PE ratio of -594.00 and a beta of 0.81. 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 business’s 50 day moving average price is $5.20 and its two-hundred day moving average price is $4.44.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Monday, November 4th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.11) earnings per share. The company’s revenue for the quarter was up 34.1% compared to the same quarter last year. As a group, equities research 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 company’s stock in a transaction dated 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 this hyperlink. Corporate insiders own 1.88% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Point72 Hong Kong Ltd acquired a new stake in Coeur Mining in the 2nd quarter valued at about $28,000. CWM LLC acquired a new stake in Coeur Mining in the 3rd quarter valued at about $68,000. Assenagon Asset Management S.A. acquired a new stake in Coeur Mining in the 3rd quarter valued at about $95,000. HighTower Advisors LLC acquired a new stake in Coeur Mining in the 2nd quarter valued at about $88,000. Finally, Advisor Group Inc. lifted its holdings in Coeur Mining by 27.7% in the 2nd quarter. Advisor Group Inc. now owns 33,541 shares of the basic materials company’s stock valued at $146,000 after acquiring an additional 7,283 shares during the last quarter. 65.51% of the stock is owned by institutional investors.

About Coeur Mining

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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