Coeur Mining (NYSE:CDE) Shares Down 9.5% – Here’s What Happened

Coeur Mining, Inc. (NYSE:CDE)’s share price fell 9.5% during mid-day trading on Thursday . The stock traded as low as $16.12 and last traded at $16.14. 40,155,207 shares traded hands during trading, an increase of 39% from the average session volume of 28,980,688 shares. The stock had previously closed at $17.84.

More Coeur Mining News

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

• Positive Sentiment: Completed acquisition of New Gold through a Coeur subsidiary — materially increases scale and adds producing assets, which can boost cash flow and diversification if integration goes smoothly. Coeur Mining (CDE) Acquires New Gold Through a Subsidiary
• Positive Sentiment: CIBC initiates/assigns a buy rating — adds institutional support and may draw investor interest from income/growth-oriented funds. Coeur Mining (CDE) Receives a Buy from CIBC
• Positive Sentiment: BMO Capital Markets starts coverage with an “Outperform” and $27 price target — signals analyst conviction and a sizeable upside from current levels (note: no linked article provided in feed).
• Positive Sentiment: ATB Cormark upgrades the stock to “Moderate Buy” — another incremental analyst upgrade that can support demand. ATB Cormark Upgrade
• Neutral Sentiment: Launched a senior notes exchange (≈$40M) / debt-exchange to optimize capital structure — aims to improve liquidity and reduce near-term maturities, a constructive but execution-dependent move. Coeur Mining Launches Debt Exchange
• Negative Sentiment: Sharp declines in gold and silver prices plus Middle East tensions are weighing on the stock today — commodity-price moves are the dominant short-term driver for miners and explain the intraday weakness. Why Are Coeur Mining Shares Sliding On Thursday?

Analyst Ratings Changes

CDE has been the topic of several recent research reports. BMO Capital Markets initiated coverage on shares of Coeur Mining in a research report on Wednesday. They set an “outperform” rating and a $27.00 price objective on the stock. ATB Cormark Capital Markets raised shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday. TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a research note on Monday, December 1st. Canaccord Genuity Group lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. Finally, Royal Bank Of Canada raised their price target on shares of Coeur Mining from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Coeur Mining currently has an average rating of “Moderate Buy” and a consensus target price of $24.67.

Coeur Mining Stock Down 9.5%

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 business has a 50-day simple moving average of $22.52 and a 200-day simple moving average of $19.26. The stock has a market cap of $10.36 billion, a P/E ratio of 18.55 and a beta of 1.16.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results 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). The firm had revenue of $674.85 million during the quarter, compared to the consensus estimate of $668.70 million. Coeur Mining had a net margin of 28.31% and a return on equity of 18.75%. The company’s revenue for the quarter was up 120.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 EPS. Analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Institutional Investors Weigh In On Coeur Mining

A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of Coeur Mining by 84.0% in the second quarter. JPMorgan Chase & Co. now owns 2,881,784 shares of the basic materials company’s stock valued at $25,533,000 after acquiring an additional 1,315,348 shares during the period. Voya Investment Management LLC increased its position in Coeur Mining by 246.5% during the third quarter. Voya Investment Management LLC now owns 608,227 shares of the basic materials company’s stock worth $11,410,000 after acquiring an additional 432,683 shares during the period. Moody Aldrich Partners LLC acquired a new position in Coeur Mining during the 3rd quarter valued at $5,768,000. Precision Wealth Strategies LLC acquired a new position in Coeur Mining during the 3rd quarter valued at $1,169,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Coeur Mining by 29.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,368,071 shares of the basic materials company’s stock worth $44,709,000 after purchasing an additional 539,615 shares during the period. 63.01% of the stock is currently owned by institutional investors.

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.