Coeur Mining (NYSE:CDE) Shares Gap Down to $4.48

Shares of Coeur Mining, Inc. (NYSE:CDE) gapped down prior to trading on Tuesday . The stock had previously closed at $4.48, but opened at $4.34. Coeur Mining shares last traded at $4.28, with a volume of 2,092,319 shares trading hands.

Wall Street Analyst Weigh In

CDE has been the topic of a number of analyst reports. Roth Mkm started coverage on shares of Coeur Mining in a research report on Tuesday, April 9th. They issued a “buy” rating and a $5.40 price objective on the stock. Raymond James lifted their target price on shares of Coeur Mining from $3.75 to $4.00 and gave the company a “market perform” rating in a research note on Monday, April 8th. BMO Capital Markets lifted their target price on shares of Coeur Mining from $3.50 to $4.25 and gave the company a “market perform” rating in a research note on Wednesday, April 10th. National Bank Financial reaffirmed an “outperform spec market weight” rating on shares of Coeur Mining in a research note on Monday, April 8th. Finally, Roth Capital reaffirmed 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 issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $4.21.

Coeur Mining Trading Down 2.0 %

The firm has a market capitalization of $1.71 billion, a PE ratio of -14.16 and a beta of 1.82. 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’s fifty day simple moving average is $3.32 and its 200 day simple moving average is $2.95.

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

Hedge Funds Weigh In On Coeur Mining

A number of hedge funds have recently modified their holdings of CDE. Ballentine Partners LLC bought a new position in shares of Coeur Mining during the first quarter worth $46,000. Salem Investment Counselors Inc. lifted its position in Coeur Mining by 10.6% during the first quarter. Salem Investment Counselors Inc. now owns 514,600 shares of the basic materials company’s stock valued at $1,940,000 after purchasing an additional 49,500 shares during the last quarter. &PARTNERS bought a new position in Coeur Mining during the first quarter valued at $54,000. Marotta Asset Management lifted its position in Coeur Mining by 50.0% during the first quarter. Marotta Asset Management now owns 15,000 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Coeur Mining by 12.5% during 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 purchasing an additional 3,989,352 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

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.