Coeur Mining (NYSE:CDE) Shares Gap Up to $4.43

Coeur Mining, Inc. (NYSE:CDE) gapped up before the market opened on Thursday . The stock had previously closed at $4.43, but opened at $4.57. Coeur Mining shares last traded at $4.47, with a volume of 953,458 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CDE shares. Raymond James lifted their target price on Coeur Mining from $3.75 to $4.00 and gave the company a “market perform” rating in a research report on Monday, April 8th. Roth Capital reaffirmed a “buy” rating on shares of Coeur Mining in a research report on Tuesday, April 9th. Roth Mkm started coverage on Coeur Mining in a research report on Tuesday, April 9th. They issued a “buy” rating and a $5.40 price target for the company. BMO Capital Markets boosted 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. Finally, National Bank Financial reissued an “outperform spec market weight” rating on shares of Coeur Mining in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.21.

Coeur Mining Trading Up 1.6 %

The company has a 50 day moving average of $3.39 and a two-hundred day moving average of $2.98. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.38 and a current ratio of 0.92. The stock has a market capitalization of $1.75 billion, a PE ratio of -14.74 and a beta of 1.82.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ballentine Partners LLC purchased a new position in Coeur Mining during the 1st quarter worth $46,000. Salem Investment Counselors Inc. grew its stake in Coeur Mining by 10.6% during the 1st 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 purchased a new stake in Coeur Mining during the 1st quarter valued at about $54,000. Marotta Asset Management grew its stake in Coeur Mining by 50.0% during the 1st 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. grew its stake in Coeur Mining by 12.5% during the 4th 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 hedge funds and other 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.