Coeur Mining (NYSE:CDE) Shares Gap Up to $4.43

Coeur Mining, Inc. (NYSE:CDE) gapped up prior to trading on Thursday . The stock had previously closed at $4.43, but opened at $4.57. Coeur Mining shares last traded at $4.47, with a volume of 953,458 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CDE shares. Raymond James increased their target price on Coeur Mining from $3.75 to $4.00 and gave the stock a “market perform” rating in a research note on Monday, April 8th. Roth Mkm started coverage on Coeur Mining in a research note on Tuesday, April 9th. They issued a “buy” rating and a $5.40 target price on the stock. National Bank Financial reissued an “outperform spec market weight” rating on shares of Coeur Mining in a research note on Monday, April 8th. BMO Capital Markets increased their target price on Coeur Mining from $3.50 to $4.25 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Finally, Roth Capital reissued a “buy” rating on shares of Coeur Mining in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Coeur Mining presently has an average rating of “Moderate Buy” and a consensus price target of $4.21.

Coeur Mining Price Performance

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 company has a market capitalization of $1.75 billion, a PE ratio of -14.52 and a beta of 1.82. The firm has a 50-day moving average of $3.46 and a 200 day moving average of $3.00.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, February 21st. The basic materials company reported ($0.02) earnings per share 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 institutional investors have recently bought and sold shares of the company. Moneta Group Investment Advisors LLC lifted its holdings in Coeur Mining by 99,607.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 170,843,155 shares of the basic materials company’s stock valued at $574,033,000 after acquiring an additional 170,671,810 shares during the period. Van ECK Associates Corp lifted its holdings in Coeur Mining by 10.9% in the fourth quarter. Van ECK Associates Corp now owns 36,279,058 shares of the basic materials company’s stock valued at $118,269,000 after acquiring an additional 3,556,959 shares during the period. Vanguard Group Inc. lifted its holdings in Coeur Mining by 12.5% in the fourth quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock valued at $116,885,000 after acquiring an additional 3,989,352 shares during the period. BlackRock Inc. lifted its holdings in Coeur Mining by 21.6% in the second quarter. BlackRock Inc. now owns 32,638,874 shares of the basic materials company’s stock valued at $92,694,000 after acquiring an additional 5,798,848 shares during the period. Finally, State Street Corp raised its stake in shares of Coeur Mining by 56.5% in the first quarter. State Street Corp now owns 27,794,163 shares of the basic materials company’s stock worth $123,684,000 after buying an additional 10,035,506 shares during the period. Institutional investors own 63.01% of the company’s stock.

About Coeur Mining

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.