Coeur Mining (NYSE:CDE) Stock Price Down 8.4% on Analyst Downgrade

Coeur Mining, Inc. (NYSE:CDE - Get Free Report)'s stock price traded down 8.4% during mid-day trading on Friday after Roth Mkm lowered their price target on the stock from $8.50 to $8.25. Roth Mkm currently has a buy rating on the stock. Coeur Mining traded as low as $5.70 and last traded at $5.59. 4,192,441 shares changed hands during trading, a decline of 75% from the average session volume of 16,509,152 shares. The stock had previously closed at $6.10.

Several other equities analysts have also recently weighed in on CDE. Cormark upgraded Coeur Mining to a "moderate buy" rating in a report on Thursday, February 20th. StockNews.com raised Coeur Mining from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. BMO Capital Markets began coverage on Coeur Mining in a research report on Tuesday, February 18th. They set an "outperform" rating and a $9.00 price target on the stock. Raymond James raised Coeur Mining from a "market perform" rating to an "outperform" rating and cut their price objective for the company from $8.75 to $8.25 in a report on Friday. Finally, Cantor Fitzgerald raised shares of Coeur Mining from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Coeur Mining presently has a consensus rating of "Buy" and an average target price of $8.31.

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Institutional Trading of Coeur Mining

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Coeur Mining by 8.5% during the 4th quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company's stock worth $232,805,000 after acquiring an additional 3,178,785 shares during the period. Van ECK Associates Corp lifted its holdings in Coeur Mining by 1.1% during the 3rd quarter. Van ECK Associates Corp now owns 34,469,783 shares of the basic materials company's stock valued at $251,629,000 after purchasing an additional 365,115 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Coeur Mining by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 17,157,325 shares of the basic materials company's stock worth $98,137,000 after purchasing an additional 282,885 shares during the period. Tidal Investments LLC increased its holdings in shares of Coeur Mining by 11.1% in the fourth quarter. Tidal Investments LLC now owns 13,343,775 shares of the basic materials company's stock valued at $76,326,000 after purchasing an additional 1,332,684 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Coeur Mining by 1.0% in the third quarter. Geode Capital Management LLC now owns 9,146,107 shares of the basic materials company's stock valued at $62,937,000 after purchasing an additional 89,863 shares during the period. Institutional investors own 63.01% of the company's stock.

Coeur Mining Price Performance

The company's 50-day moving average price is $6.29 and its two-hundred day moving average price is $6.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39. The company has a market capitalization of $2.03 billion, a P/E ratio of 42.38 and a beta of 1.59.

Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. The firm had revenue of $305.40 million for the quarter, compared to analysts' expectations of $314.32 million. As a group, sell-side analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Coeur Mining Company Profile

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 markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.