Coeur Mining (NYSE:CDE) Trading Down 2.9% – Here’s Why

Shares of Coeur Mining, Inc. (NYSE:CDE) fell 2.9% during trading on Wednesday . The company 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.

Coeur Mining News Summary

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.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Canaccord Genuity Group downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Friday, February 20th. TD Cowen upgraded Coeur Mining to a “strong-buy” rating in a report on Monday, December 1st. Canadian Imperial Bank of Commerce started coverage on Coeur Mining in a research report on Tuesday, March 10th. They issued an “outperform” rating and a $40.00 price objective for the company. Royal Bank Of Canada raised their target price on Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Finally, Wall Street Zen upgraded Coeur Mining from a “hold” rating to a “buy” rating in a research report on Sunday, December 21st. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.67.

Coeur Mining Stock Performance

The company has a current ratio of 2.47, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $11.41 billion, a price-to-earnings ratio of 20.43 and a beta of 1.16. The firm’s fifty day moving average price is $22.58 and its 200 day moving average price is $19.27.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share 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 company had revenue of $674.85 million during the quarter, compared to analyst estimates of $668.70 million. During the same quarter last year, the business posted $0.11 EPS. The firm’s revenue for the quarter was up 120.9% on a year-over-year basis. Analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Coeur Mining

Several institutional investors and hedge funds have recently modified their holdings of the company. Van ECK Associates Corp boosted its holdings in Coeur Mining by 55.8% during the 3rd quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company’s stock valued at $1,238,201,000 after acquiring an additional 23,646,265 shares during the period. Tidal Investments LLC increased its stake in Coeur Mining by 55.3% during the second quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock worth $183,709,000 after purchasing an additional 7,382,955 shares during the period. Norges Bank purchased a new stake in Coeur Mining during the fourth quarter worth about $128,389,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Coeur Mining by 212.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 10,321,169 shares of the basic materials company’s stock worth $91,446,000 after purchasing an additional 7,013,222 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Coeur Mining by 36.3% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,857,511 shares of the basic materials company’s stock valued at $447,567,000 after purchasing an additional 6,352,828 shares during the period. Hedge funds and other 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.