Coeur Mining (NYSE:CDE) Shares Gap Up – What’s Next?

Coeur Mining, Inc. (NYSE:CDE) gapped up before the market opened on Monday . The stock had previously closed at $26.11, but opened at $27.67. Coeur Mining shares last traded at $27.3320, with a volume of 4,886,981 shares traded.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CDE shares. Cantor Fitzgerald downgraded shares of Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 price objective on the stock. 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. TD Cowen raised Coeur Mining to a “strong-buy” rating in a research note on Monday, December 1st. Zacks Research upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded Coeur Mining from a “hold” rating to a “buy” rating in a research report on Sunday, December 21st. Three research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $18.17.

Coeur Mining Price Performance

The company has a 50 day moving average of $18.19 and a 200 day moving average of $15.85. The stock has a market capitalization of $16.39 billion, a price-to-earnings ratio of 38.49 and a beta of 1.24. The company has a quick ratio of 1.10, a current ratio of 2.00 and a debt-to-equity ratio of 0.11.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data 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). The company had revenue of $554.57 million for the quarter, compared to analysts’ expectations of $511.20 million. Coeur Mining had a return on equity of 15.52% and a net margin of 24.03%.The company’s revenue was up 76.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.12 earnings per share. As a group, equities research analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Coeur Mining

Several large investors have recently made changes to their positions in the business. Sound Income Strategies LLC increased its stake in Coeur Mining by 99.2% during the fourth quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 996 shares during the last quarter. Savant Capital LLC grew its holdings in shares of Coeur Mining by 2.3% during the third quarter. Savant Capital LLC now owns 46,551 shares of the basic materials company’s stock valued at $873,000 after purchasing an additional 1,066 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Coeur Mining by 1.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 65,416 shares of the basic materials company’s stock worth $580,000 after purchasing an additional 1,183 shares during the period. Zacks Investment Management boosted its position in Coeur Mining by 0.8% during the 3rd quarter. Zacks Investment Management now owns 165,988 shares of the basic materials company’s stock valued at $3,114,000 after purchasing an additional 1,246 shares during the period. Finally, Vise Technologies Inc. grew its stake in Coeur Mining by 8.3% during the 3rd quarter. Vise Technologies Inc. now owns 16,300 shares of the basic materials company’s stock worth $306,000 after buying an additional 1,255 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

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.