Cantor Fitzgerald downgrades Coeur Mining stock to Neutral on valuation

Investing.com - Cantor Fitzgerald downgraded Coeur Mining Inc (NYSE:CDE) from Overweight to Neutral on Thursday, while raising its price target to $16.00 from $12.25. The mining company currently trades at a P/E ratio of 46.07, with a market capitalization of approximately $11.5 billion.

The rating change follows a significant 208% rally in Coeur Mining shares year-to-date, with the research firm now viewing the stock as "fully/fairly valued" at current levels. InvestingPro data confirms this impressive performance, showing a 219.06% YTD return and a remarkable 228.83% gain over the past six months.

Cantor Fitzgerald’s revised price target reflects the incorporation of Coeur Mining’s third-quarter 2025 results and an increase in the firm’s target multiple to 2.25x NAVPS and 22.5x 2026E CFPS from 1.75x and 17.5x previously.

The higher valuation metrics used in the analysis are tracking in line with Coeur Mining’s peer group, according to the research firm’s assessment.

Despite the downgrade from Buy to Hold, the increased price target represents Cantor Fitzgerald’s recognition of improved fundamentals at the mining company following its quarterly performance.

In other recent news, Coeur Mining Inc. announced its financial results for the third quarter of 2025, revealing a mixed performance. The company reported earnings per share (EPS) of $0.23, which fell short of the anticipated $0.25, resulting in an 8% negative surprise. However, Coeur Mining’s revenue exceeded expectations, reaching $554.6 million compared to the projected $521.61 million, marking a 6.32% positive surprise. This mixed outcome highlights the company’s ability to generate higher-than-expected revenue despite missing EPS forecasts. Investors reacted to the earnings miss, with the stock experiencing a decline in trading. These developments underscore the importance of closely monitoring both earnings and revenue figures for a comprehensive understanding of the company’s financial health.

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