Coeur Mining (NYSE:CDE) Cut to “Hold” at Wall Street Zen

by · The Cerbat Gem

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

Other equities analysts have also recently issued research reports about the company. Zacks Research cut Coeur Mining from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Raymond James Financial set a $21.00 target price on shares of Coeur Mining in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Coeur Mining in a research note on Monday, December 8th. Cantor Fitzgerald cut Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 target price for the company. in a research note on Thursday, October 30th. Finally, Roth Capital set a $20.00 price objective on shares of Coeur Mining and gave the company a “buy” rating in a research note on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.75.

Check Out Our Latest Stock Analysis on CDE

Coeur Mining Stock Performance

Shares of Coeur Mining stock opened at $16.91 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.10 and a current ratio of 2.00. Coeur Mining has a 52 week low of $4.58 and a 52 week high of $23.61. The stock has a market capitalization of $10.86 billion, a price-to-earnings ratio of 25.63 and a beta of 1.33. The firm has a fifty day moving average of $17.07 and a two-hundred day moving average of $13.62.

Coeur Mining (NYSE:CDE – Get Free Report) last announced its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). Coeur Mining had a net margin of 24.03% and a return on equity of 15.52%. The firm had revenue of $554.57 million during the quarter, compared to analyst estimates of $511.20 million. During the same period last year, the firm earned $0.12 EPS. Coeur Mining’s quarterly revenue was up 76.9% on a year-over-year basis. As a group, equities research analysts predict that Coeur Mining will post 0.58 EPS for the current year.

Institutional Investors Weigh In On Coeur Mining

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Savant Capital LLC increased its holdings in shares of Coeur Mining by 2.3% in the third quarter. Savant Capital LLC now owns 46,551 shares of the basic materials company’s stock worth $873,000 after acquiring an additional 1,066 shares in the last quarter. Ameritas Investment Partners Inc. grew its position in Coeur Mining by 1.8% in the second quarter. Ameritas Investment Partners Inc. now owns 65,416 shares of the basic materials company’s stock valued at $580,000 after purchasing an additional 1,183 shares in the last quarter. Zacks Investment Management increased its position in shares of Coeur Mining by 0.8% in the third quarter. Zacks Investment Management now owns 165,988 shares of the basic materials company’s stock valued at $3,114,000 after acquiring an additional 1,246 shares during the last quarter. Vise Technologies Inc. raised its stake in shares of Coeur Mining by 8.3% during the 3rd quarter. Vise Technologies Inc. now owns 16,300 shares of the basic materials company’s stock worth $306,000 after purchasing an additional 1,255 shares in the last quarter. Finally, BFI Infinity Ltd. lifted its stake in Coeur Mining by 3.2% in the second quarter. BFI Infinity Ltd. now owns 43,560 shares of the basic materials company’s stock valued at $386,000 after acquiring an additional 1,355 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Company Profile

(Get Free Report)

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.

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