Zacks Research Downgrades Coeur Mining (NYSE:CDE) to Strong Sell

Coeur Mining (NYSE:CDE) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday,Zacks.com reports.

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

Coeur Mining Trading Down 0.3%

Shares of Coeur Mining stock opened at $19.05 on Wednesday. The stock 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 quick ratio of 1.66, a current ratio of 2.47 and a debt-to-equity ratio of 0.10. Coeur Mining has a 12-month low of $4.58 and a 12-month high of $27.77. The business’s 50 day moving average is $21.89 and its 200-day moving average is $19.35.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). The firm had revenue of $674.85 million for the quarter, compared to analyst estimates of $668.70 million. Coeur Mining had a return on equity of 18.75% 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 quarter in the previous year, the firm posted $0.11 earnings per share. Equities research analysts predict that Coeur Mining will post 0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coeur Mining

Several institutional investors and hedge funds have recently bought and sold shares of the company. Triumph Capital Management grew its stake in Coeur Mining by 300.0% during the fourth 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 in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Coeur Mining by 74.2% in 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. bought a new stake in shares of Coeur Mining during the 4th quarter worth approximately $32,000. Kemnay Advisory Services Inc. bought a new stake in shares of Coeur Mining during the 4th quarter worth approximately $33,000. Finally, Transamerica Financial Advisors LLC acquired a new stake in shares of Coeur Mining during the 4th quarter worth approximately $34,000. Institutional investors 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.