Coeur Mining (NYSE:CDE) Downgraded by Canaccord Genuity Group to Hold

Coeur Mining (NYSE:CDE) was downgraded by analysts at Canaccord Genuity Group from a “buy” rating to a “hold” rating in a research note issued to investors on Friday,Finviz reports.

A number of other analysts have also commented on CDE. Cantor Fitzgerald lowered Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 target price for the company. in a report on Thursday, October 30th. Royal Bank Of Canada increased their price target 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. TD Cowen raised Coeur Mining to a “strong-buy” rating in a research report on Monday, December 1st. Zacks Research raised shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating in a research report on Sunday, December 21st. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $20.88.

Coeur Mining Stock Performance

Coeur Mining stock opened at $24.07 on Friday. The company has a current ratio of 2.00, a quick ratio of 1.10 and a debt-to-equity ratio of 0.11. The firm has a market cap of $15.46 billion, a P/E ratio of 27.67 and a beta of 1.21. The firm has a 50-day moving average of $20.81 and a 200-day moving average of $17.51. Coeur Mining has a 1-year low of $4.58 and a 1-year high of $27.77.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). The company had revenue of $674.85 million during the quarter, compared to the consensus estimate of $668.70 million. Coeur Mining had a return on equity of 19.44% and a net margin of 28.31%.Coeur Mining’s quarterly revenue was up 120.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 earnings per share. Sell-side analysts expect that Coeur Mining will post 0.58 EPS for the current year.

Institutional Investors Weigh In On Coeur Mining

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Triumph Capital Management lifted its holdings in shares of Coeur Mining by 300.0% in the 4th quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock valued at $29,000 after buying an additional 1,200 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Coeur Mining by 74.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 1,435 shares during the last quarter. Kingdom Financial Group LLC. purchased a new stake in Coeur Mining in the 4th quarter valued at $32,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Coeur Mining in the fourth quarter valued at about $33,000. Finally, Transamerica Financial Advisors LLC acquired a new stake in shares of Coeur Mining during the 4th quarter worth approximately $34,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Coeur Mining Company Profile

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.