Coeur Mining (NYSE:CDE) Shares Gap Up to $3.43

Coeur Mining, Inc. (NYSE:CDE) gapped up prior to trading on Tuesday . The stock had previously closed at $3.43, but opened at $3.54. Coeur Mining shares last traded at $3.45, with a volume of 1,069,735 shares trading hands.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CDE. Raymond James dropped their price target on shares of Coeur Mining from $4.00 to $3.75 and set a “market perform” rating for the company in a research report on Thursday, February 22nd. National Bank Financial reiterated an “outperform spec market weight” rating on shares of Coeur Mining in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $3.79.

Coeur Mining Trading Up 5.6 %

The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of -11.52 and a beta of 1.77. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.92 and a quick ratio of 0.38. The firm’s 50-day simple moving average is $2.88 and its 200 day simple moving average is $2.75.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, February 21st. The basic materials company reported ($0.02) EPS for the quarter. Coeur Mining had a negative net margin of 12.62% and a negative return on equity of 7.79%. The firm had revenue of $262.10 million for the quarter. Equities analysts expect that Coeur Mining, Inc. will post -0.05 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Coeur Mining by 12.5% during the fourth quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock worth $116,885,000 after buying an additional 3,989,352 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Coeur Mining during the fourth quarter worth $34,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Coeur Mining by 6.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 314,618 shares of the basic materials company’s stock worth $1,026,000 after buying an additional 18,245 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Coeur Mining by 28.1% during the fourth quarter. Legal & General Group Plc now owns 1,199,581 shares of the basic materials company’s stock worth $3,911,000 after buying an additional 263,482 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Coeur Mining by 154.8% during the fourth quarter. Barclays PLC now owns 1,735,248 shares of the basic materials company’s stock worth $5,658,000 after buying an additional 1,054,298 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

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.