Coeur Mining (NYSE:CDE) Shares Gap Up – Time to Buy?

Coeur Mining, Inc. (NYSE:CDE) gapped up prior to trading on Monday . The stock had previously closed at $18.25, but opened at $19.28. Coeur Mining shares last traded at $19.5250, with a volume of 3,383,583 shares.

Analysts Set New Price Targets

CDE has been the subject of a number of research analyst reports. Cormark lowered Coeur Mining from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Raymond James Financial set a $21.00 price target on shares of Coeur Mining in a research report on Thursday, October 30th. TD Securities lifted their price target on Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Cantor Fitzgerald lowered shares of Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 price objective for the company. in a research note on Thursday, October 30th. Finally, Wall Street Zen raised shares of Coeur Mining from a “hold” rating to a “buy” rating in a report on Sunday. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.75.

Coeur Mining Stock Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 2.00 and a quick ratio of 1.10. The company has a market capitalization of $12.24 billion, a price-to-earnings ratio of 28.89 and a beta of 1.33. The firm has a fifty day simple moving average of $16.87 and a 200 day simple moving average of $13.86.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, October 29th. The basic materials company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). Coeur Mining had a net margin of 24.03% and a return on equity of 15.52%. The firm had revenue of $554.57 million during the quarter, compared to analysts’ expectations of $511.20 million. During the same quarter last year, the business earned $0.12 EPS. The business’s revenue was up 76.9% compared to the same quarter last year. On average, analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Institutional Trading of Coeur Mining

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp grew its position in Coeur Mining by 55.8% in the 3rd quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company’s stock valued at $1,238,201,000 after acquiring an additional 23,646,265 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Coeur Mining by 72.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,040,649 shares of the basic materials company’s stock valued at $106,801,000 after acquiring an additional 7,579,901 shares during the last quarter. Tidal Investments LLC raised its position in shares of Coeur Mining by 55.3% during the 2nd quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock worth $183,709,000 after acquiring an additional 7,382,955 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Coeur Mining by 212.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 10,321,169 shares of the basic materials company’s stock worth $91,446,000 after purchasing an additional 7,013,222 shares during the last quarter. Finally, Pale Fire Capital SE purchased a new stake in shares of Coeur Mining during the 1st quarter worth approximately $29,143,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Coeur Mining Company Profile

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.