Coeur Mining (NYSE:CDE) Shares Gap Up to $3.06

Coeur Mining, Inc. (NYSE:CDEGet Rating)’s share price gapped up prior to trading on Monday . The stock had previously closed at $3.06, but opened at $3.19. Coeur Mining shares last traded at $3.26, with a volume of 61,446 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently commented on CDE shares. Noble Financial lowered Coeur Mining from an “outperform” rating to a “market perform” rating in a research report on Monday, August 8th. BMO Capital Markets decreased their target price on Coeur Mining from $4.75 to $3.75 and set a “market perform” rating for the company in a research report on Thursday, August 4th. Canaccord Genuity Group lowered Coeur Mining from a “buy” rating to a “hold” rating and decreased their target price for the company from $3.75 to $3.50 in a research report on Friday, August 5th. Finally, Canaccord Genuity Group lowered Coeur Mining from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $3.75 to $3.50 in a report on Friday, August 5th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $4.40.

Coeur Mining Price Performance

The company has a current ratio of 1.57, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The business has a fifty day simple moving average of $2.94 and a 200 day simple moving average of $3.69. The stock has a market capitalization of $845.23 million, a P/E ratio of -6.02 and a beta of 1.78.

Hedge Funds Weigh In On Coeur Mining

Institutional investors have recently modified their holdings of the business. Wakefield Asset Management LLLP bought a new position in shares of Coeur Mining in the first quarter valued at approximately $433,000. Segall Bryant & Hamill LLC grew its holdings in shares of Coeur Mining by 4.4% in the fourth quarter. Segall Bryant & Hamill LLC now owns 505,481 shares of the basic materials company’s stock valued at $2,548,000 after acquiring an additional 21,354 shares in the last quarter. Wolverine Asset Management LLC grew its holdings in shares of Coeur Mining by 284.5% in the first quarter. Wolverine Asset Management LLC now owns 180,724 shares of the basic materials company’s stock valued at $804,000 after acquiring an additional 133,724 shares in the last quarter. Royce & Associates LP grew its holdings in shares of Coeur Mining by 12.9% in the first quarter. Royce & Associates LP now owns 1,391,347 shares of the basic materials company’s stock valued at $6,191,000 after acquiring an additional 158,900 shares in the last quarter. Finally, Marotta Asset Management grew its holdings in shares of Coeur Mining by 52.2% in the first quarter. Marotta Asset Management now owns 35,000 shares of the basic materials company’s stock valued at $156,000 after acquiring an additional 12,000 shares in the last quarter. 63.13% of the stock is owned by institutional investors.

About Coeur Mining

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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 holds 100% interests in the Palmarejo gold and silver mine covering an area of approximately 67,296 net acres located in the State of Chihuahua in Northern Mexico; the Rochester silver and gold mine that covers an area of approximately 43,441net acres situated in northwestern Nevada; the Kensington gold mine comprising 3,972 net acres located to the north of Juneau, Alaska; the Wharf gold mine covering an area of approximately 3,243 net acres situated in the northern Black Hills of western South Dakota; and the Silvertip silver-zinc-lead mine comprising 97,298 net acres located in northern British Columbia, Canada.

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