Noble Financial Lowers Coeur Mining (NYSE:CDE) to Market Perform

Coeur Mining (NYSE:CDE - Get Rating) was downgraded by stock analysts at Noble Financial from an "outperform" rating to a "market perform" rating in a research note issued to investors on Monday, Briefing.com reports.

Other analysts also recently issued research reports about the stock. Canaccord Genuity Group downgraded shares of Coeur Mining from a "buy" rating to a "hold" rating and dropped their target price for the stock from $3.75 to $3.50 in a research report on Friday. Canaccord Genuity Group downgraded shares of Coeur Mining from a "buy" rating to a "hold" rating and dropped their price objective for the company from $3.75 to $3.50 in a report on Friday. Raymond James set a $6.00 price objective on shares of Coeur Mining and gave the company a "market perform" rating in a report on Friday, May 6th. Finally, BMO Capital Markets dropped their price objective on shares of Coeur Mining from $4.75 to $3.75 and set a "market perform" rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $4.40.

Coeur Mining Price Performance

NYSE:CDE opened at $3.12 on Monday. The company has a market cap of $876.11 million, a PE ratio of -6.24 and a beta of 1.76. Coeur Mining has a twelve month low of $2.54 and a twelve month high of $7.64. The company has a current ratio of 1.57, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The company's 50 day moving average is $3.27 and its two-hundred day moving average is $4.01.

Institutional Trading of Coeur Mining

Hedge funds have recently added to or reduced their stakes in the company. Byrne Asset Management LLC acquired a new stake in Coeur Mining in the 1st quarter worth about $39,000. Sciencast Management LP acquired a new stake in Coeur Mining in the 1st quarter worth about $47,000. StoneX Group Inc. acquired a new stake in Coeur Mining in the 2nd quarter worth about $47,000. Private Advisor Group LLC acquired a new stake in Coeur Mining in the 2nd quarter worth about $64,000. Finally, Shufro Rose & Co. LLC acquired a new position in shares of Coeur Mining during the 1st quarter worth approximately $67,000. 58.12% of the stock is owned by hedge funds and other institutional investors.

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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