Shares of Coeur Mining Inc. (NYSE:CDE) gapped down before the market opened on Wednesday . The stock had previously closed at $11.32, but opened at $11.40. Coeur Mining shares last traded at $12.10, with a volume of 4,409,119 shares changing hands.

CDE has been the topic of a number of research reports. Deutsche Bank AG downgraded Coeur Mining from a “hold” rating to a “sell” rating and set a $3.40 target price on the stock. in a report on Wednesday, March 23rd. Zacks Investment Research upgraded Coeur Mining from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a report on Monday, March 28th. CIBC downgraded Coeur Mining from a “sector perform” rating to a “sector underperform” rating and set a $4.25 target price on the stock. in a report on Friday, April 8th. BMO Capital Markets upgraded Coeur Mining from a “market perform” rating to an “outperform” rating in a report on Thursday, May 12th. Finally, Raymond James Financial Inc. upped their target price on Coeur Mining from $4.00 to $6.00 in a report on Monday, March 14th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $5.88.

The company’s 50-day moving average is $8.94 and its 200 day moving average is $5.66. The company’s market cap is $1.87 billion.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, April 27th. The company reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.12. The company had revenue of $148.39 million for the quarter, compared to analyst estimates of $145.74 million. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.24) EPS. Analysts forecast that Coeur Mining Inc. will post ($0.06) EPS for the current year.

Several hedge funds and institutional investors recently bought and sold shares of the company. Sei Investments Co. raised its position in Coeur Mining by 71,528.3% in the fourth quarter. Sei Investments Co. now owns 506,412 shares of the company’s stock valued at $1,256,000 after buying an additional 505,705 shares during the period. California Public Employees Retirement System raised its position in Coeur Mining by 9.4% in the fourth quarter. California Public Employees Retirement System now owns 840,600 shares of the company’s stock worth $2,085,000 after buying an additional 72,000 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its position in Coeur Mining by 46.9% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 890,658 shares of the company’s stock worth $2,209,000 after buying an additional 284,351 shares during the last quarter. Royce & Associates LLC raised its position in Coeur Mining by 11.5% in the fourth quarter. Royce & Associates LLC now owns 1,068,000 shares of the company’s stock worth $2,649,000 after buying an additional 110,500 shares during the last quarter. Finally, Donald Smith & CO. Inc. raised its position in Coeur Mining by 3.4% in the fourth quarter. Donald Smith & CO. Inc. now owns 13,252,541 shares of the company’s stock worth $32,866,000 after buying an additional 430,286 shares during the last quarter.

Coeur Mining, Inc is a gold and silver producer. The Company’s segments include Palmarejo complex, Rochester, Kensington, Wharf and San Bartolome mines, and Coeur Capital. The Company also a non-operating interest in the Endeavor mine in Australia in addition to royalties on the El Gallo complex in Mexico, the Zaruma mine in Ecuador, and the Correnso mine in New Zealand.

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