Coeur Mining (NYSE:CDE) Shares Gap Up – Here’s What Happened

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 trading hands.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CDE shares. Raymond James Financial set a $21.00 price target on Coeur Mining in a research note on Thursday, October 30th. Cantor Fitzgerald lowered Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 target price on the stock. in a report on Thursday, October 30th. Roth Capital upped their price target on Coeur Mining from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Zacks Research lowered shares of Coeur Mining from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Finally, TD Securities increased their target price on shares of Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.75.

Coeur Mining Trading Down 2.3%

The company has a 50 day moving average of $16.78 and a 200 day moving average of $14.00. The firm has a market cap of $11.97 billion, a price-to-earnings ratio of 28.25 and a beta of 1.33. The company has a current ratio of 2.00, a quick ratio of 1.10 and a debt-to-equity ratio of 0.11.

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

Institutional Trading of Coeur Mining

Hedge funds and other institutional investors have recently modified their holdings of the company. MAI Capital Management acquired a new position in Coeur Mining during the first quarter worth $25,000. EverSource Wealth Advisors LLC grew its holdings in shares of Coeur Mining by 74.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 1,435 shares in the last quarter. Covestor Ltd increased its position in shares of Coeur Mining by 7,011.5% in the third quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 1,823 shares during the last quarter. JPL Wealth Management LLC bought a new stake in Coeur Mining during the third quarter worth about $35,000. Finally, Luminist Capital LLC bought a new stake in shares of Coeur Mining during the 2nd quarter worth approximately $40,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

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.