Coeur Mining (NYSE:CDE) Shares Gap Down to $4.91

Coeur Mining, Inc. (NYSE:CDE) gapped down prior to trading on Tuesday . The stock had previously closed at $4.91, but opened at $4.64. Coeur Mining shares last traded at $4.68, with a volume of 2,335,339 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. National Bank Financial restated an “outperform spec market weight” rating on shares of Coeur Mining in a research note on Monday, April 8th. Raymond James raised their price target on Coeur Mining from $3.75 to $4.00 and gave the stock a “market perform” rating in a research note on Monday, April 8th. BMO Capital Markets lifted their price target 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. Roth Mkm began coverage on shares of Coeur Mining in a research report on Tuesday, April 9th. They set a “buy” rating and a $5.40 target price on the stock. Finally, Roth Capital reiterated a “buy” rating on shares of Coeur Mining in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $4.21.

Coeur Mining Trading Up 1.3 %

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 price of $3.78 and a 200-day moving average price of $3.14.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, February 21st. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $262.10 million during the quarter. Coeur Mining had a negative net margin of 12.62% and a negative return on equity of 7.79%. Equities analysts predict that Coeur Mining, Inc. will post -0.04 earnings per share for the current year.

Hedge Funds Weigh In On Coeur Mining

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Coeur Mining by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 31,864,964 shares of the basic materials company’s stock worth $70,740,000 after purchasing an additional 1,716,929 shares during the period. Charles Schwab Investment Management Inc. grew its position in Coeur Mining by 7.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,153,752 shares of the basic materials company’s stock worth $9,221,000 after buying an additional 274,878 shares during the period. Jupiter Asset Management Ltd. increased its holdings in Coeur Mining by 95.9% in the third quarter. Jupiter Asset Management Ltd. now owns 10,246,050 shares of the basic materials company’s stock valued at $22,746,000 after buying an additional 5,017,119 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Coeur Mining by 1.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 247,169 shares of the basic materials company’s stock valued at $806,000 after acquiring an additional 4,175 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Coeur Mining by 22.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,457,720 shares of the basic materials company’s stock worth $30,832,000 after acquiring an additional 1,702,840 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

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.