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

Coeur Mining, Inc. (NYSE:CDE)’s share price 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 trading hands.

Analyst Ratings Changes

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

Coeur Mining Stock Performance

The company has a quick ratio of 0.38, a current ratio of 0.92 and a debt-to-equity ratio of 0.51. The stock has a fifty day moving average of $3.39 and a 200-day moving average of $2.98. The stock has a market cap of $1.75 billion, a PE ratio of -14.74 and a beta of 1.82.

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

Institutional Investors Weigh In On Coeur Mining

A number of institutional investors have recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC boosted its holdings in Coeur Mining by 99,607.1% in the 4th 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 purchasing an additional 170,671,810 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Coeur Mining by 10.9% in the 4th quarter. Van ECK Associates Corp now owns 36,279,058 shares of the basic materials company’s stock valued at $118,269,000 after purchasing an additional 3,556,959 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Coeur Mining by 12.5% in the 4th quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock valued at $116,885,000 after purchasing an additional 3,989,352 shares in the last quarter. BlackRock Inc. boosted its holdings in Coeur Mining by 21.6% in the 2nd quarter. BlackRock Inc. now owns 32,638,874 shares of the basic materials company’s stock valued at $92,694,000 after purchasing an additional 5,798,848 shares in the last quarter. Finally, State Street Corp boosted its holdings in Coeur Mining by 56.5% in the 1st quarter. State Street Corp now owns 27,794,163 shares of the basic materials company’s stock valued at $123,684,000 after purchasing an additional 10,035,506 shares in the last quarter. Hedge funds and other 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.