Coeur Mining (NYSE:CDE) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research cut shares of Coeur Mining (NYSE:CDE) from a hold rating to a strong sell rating in a research report report published on Wednesday morning,Zacks.com reports.

Several other brokerages have also issued reports on CDE. ATB Cormark Capital Markets upgraded Coeur Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, March 24th. BMO Capital Markets initiated coverage on Coeur Mining in a report on Wednesday, March 25th. They issued an “outperform” rating and a $27.00 price objective for the company. Royal Bank Of Canada boosted their price objective on Coeur Mining from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Roth Mkm reaffirmed a “buy” rating and set a $29.00 price objective on shares of Coeur Mining in a report on Thursday, February 19th. Finally, Canaccord Genuity Group lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a research report on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.67.

Coeur Mining Trading Down 0.3%

Shares of CDE stock opened at $19.05 on Wednesday. The company has a quick ratio of 1.66, a current ratio of 2.47 and a debt-to-equity ratio of 0.10. The firm has a market cap of $12.23 billion, a P/E ratio of 21.90 and a beta of 1.33. The company has a 50 day moving average of $21.89 and a 200-day moving average of $19.35. Coeur Mining has a 12-month low of $4.58 and a 12-month high of $27.77.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.08). Coeur Mining had a net margin of 28.31% and a return on equity of 18.75%. The firm had revenue of $674.85 million during the quarter, compared to analysts’ expectations of $668.70 million. During the same quarter in the previous year, the company posted $0.11 EPS. Coeur Mining’s revenue for the quarter was up 120.9% on a year-over-year basis. Sell-side analysts anticipate that Coeur Mining will post 0.58 earnings per share for the current year.

Hedge Funds Weigh In On Coeur Mining

Hedge funds have recently made changes to their positions in the stock. Triumph Capital Management lifted its holdings in 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 purchasing an additional 1,200 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in 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 valued at $30,000 after buying an additional 1,435 shares in the last quarter. Kingdom Financial Group LLC. purchased a new position in Coeur Mining during the 4th quarter valued at about $32,000. Kemnay Advisory Services Inc. bought a new stake in shares of Coeur Mining during the fourth quarter valued at about $33,000. Finally, Transamerica Financial Advisors LLC bought a new stake in shares of Coeur Mining during the fourth quarter valued at about $34,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

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.