Coeur Mining (NYSE:CDE) Shares Gap Up – Still a Buy?

Coeur Mining, Inc. (NYSE:CDE)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $20.40, but opened at $21.51. Coeur Mining shares last traded at $21.9060, with a volume of 4,643,847 shares.

Wall Street Analyst Weigh In

CDE has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Coeur Mining in a research report on Monday, December 29th. TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a research note on Monday, December 1st. Cantor Fitzgerald cut Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 target price for the company. in a report on Thursday, October 30th. Raymond James Financial set a $21.00 price target on Coeur Mining in a research note on Thursday, October 30th. Finally, Cormark cut shares of Coeur Mining from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $16.75.

Coeur Mining Stock Performance

The company has a quick ratio of 1.10, a current ratio of 2.00 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average of $16.61 and a 200 day moving average of $14.88. The firm has a market capitalization of $13.91 billion, a PE ratio of 32.95 and a beta of 1.24.

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 analysts’ consensus estimates of $0.25 by ($0.02). Coeur Mining had a net margin of 24.03% and a return on equity of 15.52%. The company had revenue of $554.57 million during the quarter, compared to the consensus estimate of $511.20 million. During the same period last year, the firm posted $0.12 EPS. The company’s revenue was up 76.9% on a year-over-year basis. Equities research analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Institutional Investors Weigh In On Coeur Mining

A number of hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its position in shares of Coeur Mining by 145.6% during the 4th quarter. SG Americas Securities LLC now owns 186,664 shares of the basic materials company’s stock valued at $3,328,000 after buying an additional 110,660 shares in the last quarter. Diversified Trust Co. grew its position in Coeur Mining by 6.2% in the fourth quarter. Diversified Trust Co. now owns 96,664 shares of the basic materials company’s stock worth $1,724,000 after acquiring an additional 5,678 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Coeur Mining by 9.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 101,308 shares of the basic materials company’s stock valued at $1,989,000 after buying an additional 8,958 shares during the period. Park Avenue Securities LLC purchased a new stake in Coeur Mining in the fourth quarter valued at approximately $205,000. Finally, GK Wealth Management LLC boosted its holdings in Coeur Mining by 13.0% during the 4th quarter. GK Wealth Management LLC now owns 19,318 shares of the basic materials company’s stock valued at $344,000 after acquiring an additional 2,223 shares during the period. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

About Coeur Mining

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.