Coeur Mining (NYSE:CDE) Shares Gap Up to $4.79

Coeur Mining, Inc. (NYSE:CDE)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $4.79, but opened at $5.23. Coeur Mining shares last traded at $5.25, with a volume of 3,892,230 shares.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. National Bank Financial reissued an “outperform spec market weight” rating on shares of Coeur Mining in a report on Monday, April 8th. Roth Capital reissued a “buy” rating on shares of Coeur Mining in a research report on Tuesday, April 9th. Raymond James upped their price objective on shares of Coeur Mining from $3.75 to $4.00 and gave the stock a “market perform” rating in a report on Monday, April 8th. Roth Mkm initiated coverage on shares of Coeur Mining in a report on Tuesday, April 9th. They issued a “buy” rating and a $5.40 target price on the stock. Finally, BMO Capital Markets upped their price target on shares of Coeur Mining from $3.50 to $4.25 and gave the company a “market perform” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $4.21.

Coeur Mining Stock Down 3.1 %

The firm has a 50 day moving average of $3.29 and a 200-day moving average of $2.93. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.92 and a quick ratio of 0.38. The stock has a market capitalization of $1.81 billion, a P/E ratio of -14.97 and a beta of 1.82.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, February 21st. The basic materials company reported ($0.02) EPS for the quarter. Coeur Mining had a negative net margin of 12.62% and a negative return on equity of 7.79%. The firm had revenue of $262.10 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James & Associates lifted its position in shares of Coeur Mining by 6.4% during the 1st quarter. Raymond James & Associates now owns 50,555 shares of the basic materials company’s stock worth $225,000 after buying an additional 3,050 shares during the period. American International Group Inc. increased its position in shares of Coeur Mining by 2.6% during the 2nd quarter. American International Group Inc. now owns 130,408 shares of the basic materials company’s stock worth $396,000 after purchasing an additional 3,343 shares in the last quarter. Arizona State Retirement System raised its position in Coeur Mining by 4.1% in the 4th quarter. Arizona State Retirement System now owns 98,725 shares of the basic materials company’s stock valued at $322,000 after purchasing an additional 3,899 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Coeur Mining by 1.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 247,169 shares of the basic materials company’s stock worth $806,000 after purchasing an additional 4,175 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in Coeur Mining by 25.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 22,225 shares of the basic materials company’s stock worth $76,000 after buying an additional 4,487 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Company Profile

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 markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.