Coeur Mining (NYSE:CDE) Stock Price Down 2.9% – Here’s What Happened

Coeur Mining, Inc. (NYSE:CDE) shares traded down 2.9% on Wednesday . The stock traded as low as $17.75 and last traded at $17.77. 41,750,707 shares changed hands during trading, an increase of 45% from the average session volume of 28,778,924 shares. The stock had previously closed at $18.31.

More Coeur Mining News

Here are the key news stories impacting Coeur Mining this week:

• Positive Sentiment: BMO Capital Markets initiated coverage with an “Outperform” rating and a $27 price target (roughly a 52% upside vs. the current price), which provides upward analyst momentum and a higher benchmark for investors.
• Positive Sentiment: ATB Cormark upgraded the stock from “Hold” to “Moderate Buy,” adding to the analyst tailwind and reinforcing institutional interest. ATB Upgrade Source
• Positive Sentiment: Coeur launched a debt exchange / $40M senior notes exchange offer aimed at optimizing its capital structure and strengthening near-term liquidity — a move that can reduce refinancing risk and improve flexibility. Globe & Mail: Debt Exchange Benzinga: Notes Exchange & Guidance
• Positive Sentiment: Operational results and guidance are supportive: recent coverage highlights Coeur’s strong production (Q4: ~112.4k oz gold and ~4.6M oz silver) and updated 2026 production guidance, which underpin revenue and cash-flow outlooks. Yahoo/Zacks: Production Review
• Neutral Sentiment: Analyst / media analysis (Seeking Alpha slide presentation) covers strategic implications of the New Gold acquisition and the updated guidance — useful context but dependent on execution, so impact is conditional. Seeking Alpha: Strategic Slides
• Negative Sentiment: Despite positives, shares are under selling pressure: intraday volume is running well above average (~41.9M vs. ~28.8M), suggesting profit-taking or re-pricing on higher supply of shares.
• Negative Sentiment: Market doubts remain around earnings execution and financing signaling — the company’s prior quarter missed EPS estimates, and some investors may view the debt exchange as a sign of refinancing needs or near-term dilution risk, which can weigh on price.

Analyst Ratings Changes

CDE has been the subject of several recent research reports. TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a research report on Monday, December 1st. Canadian Imperial Bank of Commerce began coverage on Coeur Mining in a research report on Tuesday, March 10th. They set an “outperform” rating and a $40.00 price objective on the stock. Wall Street Zen upgraded Coeur Mining from a “hold” rating to a “buy” rating in a research note on Sunday, December 21st. Roth Mkm reiterated a “buy” rating and issued a $29.00 target price on shares of Coeur Mining in a report on Thursday, February 19th. Finally, Weiss Ratings raised Coeur Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 13th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $24.67.

Coeur Mining Stock Down 2.9%

The company has a debt-to-equity ratio of 0.10, a current ratio of 2.47 and a quick ratio of 1.66. The company has a market cap of $11.41 billion, a PE ratio of 20.43 and a beta of 1.16. The business’s 50 day moving average is $22.58 and its 200-day moving average is $19.27.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 120.9% on a year-over-year basis. As a group, analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Hedge Funds Weigh In On Coeur Mining

Large investors have recently bought and sold shares of the business. Up Capital Management Inc. acquired a new position in shares of Coeur Mining during the 4th quarter worth about $228,000. Rockefeller Capital Management L.P. raised its position in shares of Coeur Mining by 0.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 122,722 shares of the basic materials company’s stock worth $2,188,000 after acquiring an additional 1,142 shares in the last quarter. Sankala Group LLC acquired a new stake in shares of Coeur Mining during the 4th quarter worth about $140,000. Alpine Global Management LLC purchased a new stake in Coeur Mining during the fourth quarter worth approximately $198,000. Finally, Ketron Financial acquired a new position in Coeur Mining in the fourth quarter valued at approximately $214,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

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.