Coeur Mining (NYSE:CDE) Downgraded by Wall Street Zen to Hold

Key Points

• Coeur Mining was downgraded by Wall Street Zen from buy to hold, though the broader analyst view remains positive with an average rating of Moderate Buy and a consensus target price of $24.56.
• The company’s latest earnings report showed $0.36 EPS on $856.19 million in revenue, beating sales estimates but narrowly missing profit expectations. Revenue jumped 137.8% year over year, and analysts now expect full-year EPS of 1.42.
• Despite the downgrade, the stock was up 2.5% and opened at $18.58; Coeur Mining also has a strong balance sheet with a 0.07 debt-to-equity ratio and institutional investors holding 63.01% of shares.

Coeur Mining (NYSE:CDE - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

Other equities research analysts also recently issued reports about the stock. Royal Bank Of Canada lifted their target price on shares of Coeur Mining from $22.00 to $26.00 and gave the stock an "outperform" rating in a research report on Thursday, February 12th. ATB Cormark Capital Markets upgraded shares of Coeur Mining from a "hold" rating to a "moderate buy" rating in a report on Tuesday, March 24th. Roth Mkm restated a "buy" rating and set a $25.00 price target on shares of Coeur Mining in a report on Friday. Canadian Imperial Bank of Commerce assumed coverage on shares of Coeur Mining in a report on Tuesday, March 10th. They set an "outperform" rating and a $40.00 price target for the company. Finally, Weiss Ratings lowered shares of Coeur Mining from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, March 27th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $24.56.

Coeur Mining Stock Up 2.5%

NYSE:CDE opened at $18.58 on Friday. The firm's 50 day simple moving average is $20.11 and its 200 day simple moving average is $19.37. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.73 and a quick ratio of 1.66. Coeur Mining has a one year low of $6.95 and a one year high of $27.77. The company has a market cap of $11.93 billion, a PE ratio of 16.02 and a beta of 1.24.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its earnings results on Wednesday, May 6th. The basic materials company reported $0.36 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 business had revenue of $856.19 million for the quarter, compared to analyst estimates of $815.59 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. The firm's quarterly revenue was up 137.8% on a year-over-year basis. On average, research analysts anticipate that Coeur Mining will post 1.42 earnings per share for the current year.

Institutional Trading of Coeur Mining

Large investors have recently modified their holdings of the stock. Triumph Capital Management grew its position in shares of Coeur Mining by 300.0% during the 4th quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company's stock worth $29,000 after buying an additional 1,200 shares during the period. Kingdom Financial Group LLC. bought a new stake in Coeur Mining in the 4th quarter valued at about $32,000. JPL Wealth Management LLC bought a new stake in Coeur Mining in the 3rd quarter valued at about $35,000. Covestor Ltd increased its position in Coeur Mining by 7,011.5% in the 3rd quarter. Covestor Ltd now owns 1,849 shares of the basic materials company's stock valued at $35,000 after buying an additional 1,823 shares in the last quarter. Finally, Kemnay Advisory Services Inc. bought a new stake in Coeur Mining in the 4th quarter valued at about $33,000. Institutional investors and hedge funds 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.

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