Coeur Mining (NYSE:CDE) Shares Gap Up – Should You Buy?

Coeur Mining, Inc. (NYSE:CDE)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $6.43, but opened at $6.81. Coeur Mining shares last traded at $6.70, with a volume of 3,029,066 shares trading hands.

Analysts Set New Price Targets

CDE has been the subject of several research reports. Cormark upgraded Coeur Mining to a “moderate buy” rating in a research report on Thursday, February 20th. BMO Capital Markets started coverage on Coeur Mining in a research report on Tuesday, February 18th. They set an “outperform” rating and a $9.00 price objective for the company. TD Securities started coverage on Coeur Mining in a research report on Tuesday, March 11th. They set a “buy” rating and a $7.00 price objective for the company. Raymond James upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and lowered their price objective for the stock from $8.75 to $8.25 in a research report on Friday, February 21st. Finally, Roth Mkm lowered their price objective on Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a research report on Friday, February 21st. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $8.05.

Coeur Mining Stock Up 4.0 %

The firm has a 50 day moving average of $6.16 and a 200 day moving average of $6.35. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 55.88 and a beta of 1.51. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. The business had revenue of $305.40 million during the quarter, compared to analysts’ expectations of $314.32 million. As a group, sell-side analysts predict that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Insider Buying and Selling at Coeur Mining

In other news, CFO Thomas S. Whelan acquired 10,000 shares of Coeur Mining stock in a transaction on Wednesday, February 26th. The stock was purchased at an average price of $5.25 per share, with a total value of $52,500.00. Following the completion of the purchase, the chief financial officer now owns 668,450 shares of the company’s stock, valued at approximately $3,509,362.50. The trade was a 1.52 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.56% of the company’s stock.

Institutional Investors Weigh In On Coeur Mining

A number of hedge funds have recently added to or reduced their stakes in CDE. GAMMA Investing LLC grew its stake in Coeur Mining by 139.8% in the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 3,359 shares during the period. Quarry LP grew its stake in Coeur Mining by 853.8% in the fourth quarter. Quarry LP now owns 6,667 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 5,968 shares during the period. Optiver Holding B.V. grew its stake in Coeur Mining by 150.5% in the fourth quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 4,903 shares during the period. FNY Investment Advisers LLC acquired a new stake in Coeur Mining in the fourth quarter valued at approximately $57,000. Finally, DRW Securities LLC bought a new position in shares of Coeur Mining in the fourth quarter valued at approximately $60,000. Institutional investors and hedge funds 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.