Coeur Mining (NYSE:CDE) Research Coverage Started at Roth Mkm

Roth Mkm began coverage on shares of Coeur Mining (NYSE:CDE - Free Report) in a report issued on Tuesday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $5.40 price objective on the basic materials company's stock.

Several other brokerages have also recently issued reports on CDE. Raymond James lifted their target price on Coeur Mining from $3.75 to $4.00 and gave the stock a market perform rating in a report on Monday. National Bank Financial reaffirmed an outperform spec market weight rating on shares of Coeur Mining in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Coeur Mining presently has an average rating of Moderate Buy and an average price target of $4.02.

Coeur Mining Price Performance

Shares of CDE stock traded up $0.19 during trading hours on Tuesday, hitting $4.92. The stock had a trading volume of 15,048,016 shares, compared to its average volume of 7,227,049. Coeur Mining has a one year low of $2.00 and a one year high of $5.37. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.92 and a quick ratio of 0.38. The stock's 50-day moving average price is $3.13 and its two-hundred day moving average price is $2.87. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of -15.87 and a beta of 1.82.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its earnings results on Wednesday, February 21st. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter. Coeur Mining had a negative return on equity of 7.79% and a negative net margin of 12.62%. The firm had revenue of $262.10 million during the quarter. Equities analysts forecast that Coeur Mining will post -0.05 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CDE. JPMorgan Chase & Co. grew its position in Coeur Mining by 163.3% in the first quarter. JPMorgan Chase & Co. now owns 1,002,353 shares of the basic materials company's stock worth $4,461,000 after acquiring an additional 621,717 shares in the last quarter. Raymond James & Associates boosted its position in shares of Coeur Mining by 6.4% during the first quarter. Raymond James & Associates now owns 50,555 shares of the basic materials company's stock valued at $225,000 after buying an additional 3,050 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of Coeur Mining by 5.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 204,214 shares of the basic materials company's stock valued at $909,000 after buying an additional 10,250 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Coeur Mining by 1.4% during the first quarter. Bank of New York Mellon Corp now owns 1,128,208 shares of the basic materials company's stock valued at $5,020,000 after buying an additional 15,716 shares during the period. Finally, Bank of Montreal Can boosted its position in shares of Coeur Mining by 32.1% during the first quarter. Bank of Montreal Can now owns 655,171 shares of the basic materials company's stock valued at $2,936,000 after buying an additional 159,300 shares during the period. Hedge funds and other 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.