Coeur Mining (NYSE:CDE) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Coeur Mining (NYSE:CDE) from a buy rating to a hold rating in a research report sent to investors on Saturday.

CDE has been the topic of several other research reports. Canaccord Genuity Group upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Wednesday, April 29th. Royal Bank Of Canada raised their target price on shares of Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Cantor Fitzgerald cut shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a report on Thursday. Canadian Imperial Bank of Commerce started coverage on shares of Coeur Mining in a report on Tuesday, March 10th. They issued an “outperform” rating and a $40.00 target price on the stock. Finally, ATB Cormark Capital Markets upgraded shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, March 24th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Coeur Mining presently has an average rating of “Moderate Buy” and a consensus target price of $24.56.

Coeur Mining Trading Up 2.5%

Shares of CDE stock opened at $18.58 on Friday. Coeur Mining has a 12-month low of $6.95 and a 12-month high of $27.77. The company has a current ratio of 3.73, a quick ratio of 1.66 and a debt-to-equity ratio of 0.07. The firm’s 50 day moving average is $20.11 and its 200 day moving average is $19.37. The stock has a market capitalization of $11.93 billion, a P/E ratio of 16.02 and a beta of 1.24.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.The company had revenue of $856.19 million during the quarter, compared to analysts’ expectations of $815.59 million. During the same quarter in the prior year, the business posted $0.11 EPS. The company’s revenue for the quarter was up 137.8% compared to the same quarter last year. Research analysts expect that Coeur Mining will post 1.42 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Sprott Inc. lifted its stake in shares of Coeur Mining by 2.0% during the 3rd quarter. Sprott Inc. now owns 9,208,046 shares of the basic materials company’s stock valued at $172,743,000 after buying an additional 176,388 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Coeur Mining by 55.8% during the 3rd quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company’s stock valued at $1,238,201,000 after buying an additional 23,646,265 shares in the last quarter. Algert Global LLC lifted its stake in shares of Coeur Mining by 65.1% during the 3rd quarter. Algert Global LLC now owns 526,860 shares of the basic materials company’s stock valued at $9,884,000 after buying an additional 207,670 shares in the last quarter. Knights of Columbus Asset Advisors LLC purchased a new position in shares of Coeur Mining during the 3rd quarter valued at $1,710,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Coeur Mining by 36.3% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,857,511 shares of the basic materials company’s stock valued at $447,567,000 after buying an additional 6,352,828 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

About Coeur Mining

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.