Coeur Mining (NYSE:CDE) Given New $5.25 Price Target at Raymond James

Coeur Mining (NYSE:CDEGet Rating) had its price target lifted by Raymond James from $5.00 to $5.25 in a research note published on Tuesday, BayStreet.CA reports. Raymond James currently has a market perform rating on the basic materials company’s stock.

A number of other analysts also recently weighed in on the stock. Canaccord Genuity Group downgraded shares of Coeur Mining from a buy rating to a hold rating and decreased their price target for the stock from $3.75 to $3.50 in a research report on Friday, August 5th. BMO Capital Markets cut their target price on Coeur Mining from $4.75 to $3.75 and set a market perform rating on the stock in a research note on Thursday, August 4th. Noble Financial cut Coeur Mining from an outperform rating to a market perform rating in a research note on Monday, August 8th. Finally, Canaccord Genuity Group cut Coeur Mining from a buy rating to a hold rating and cut their target price for the company from $3.75 to $3.50 in a research note on Friday, August 5th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, Coeur Mining has an average rating of Hold and a consensus price target of $4.25.

Coeur Mining Stock Down 7.2 %

Shares of NYSE:CDE opened at $3.11 on Tuesday. Coeur Mining has a 52-week low of $2.54 and a 52-week high of $7.64. The company has a quick ratio of 0.95, a current ratio of 1.57 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $873.31 million, a price-to-earnings ratio of -6.24 and a beta of 1.78. The company has a 50 day moving average of $2.96 and a two-hundred day moving average of $3.64.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. State Street Corp grew its holdings in Coeur Mining by 56.5% during the first quarter. State Street Corp now owns 27,794,163 shares of the basic materials company’s stock worth $123,684,000 after acquiring an additional 10,035,506 shares during the period. Van ECK Associates Corp increased its stake in Coeur Mining by 12.2% in the 2nd quarter. Van ECK Associates Corp now owns 26,821,281 shares of the basic materials company’s stock worth $81,537,000 after purchasing an additional 2,909,130 shares in the last quarter. Vanguard Group Inc. increased its stake in Coeur Mining by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 22,775,472 shares of the basic materials company’s stock worth $101,351,000 after purchasing an additional 152,237 shares in the last quarter. BlackRock Inc. increased its stake in Coeur Mining by 3.2% in the 1st quarter. BlackRock Inc. now owns 21,720,736 shares of the basic materials company’s stock worth $96,658,000 after purchasing an additional 670,133 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Coeur Mining by 15.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,632,842 shares of the basic materials company’s stock worth $38,416,000 after acquiring an additional 1,128,839 shares during the period. 63.13% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Company Profile

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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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Analyst Recommendations for Coeur Mining (NYSE:CDE)

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