Coeur Mining (NYSE:CDE) Shares Gap Down to $4.50

Coeur Mining, Inc. (NYSE:CDE)’s share price gapped down before the market opened on Monday . The stock had previously closed at $4.50, but opened at $4.18. Coeur Mining shares last traded at $4.34, with a volume of 3,874,788 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CDE shares. Roth Mkm started coverage on shares of Coeur Mining in a research note on Tuesday, April 9th. They set a “buy” rating and a $5.40 target price on the stock. BMO Capital Markets boosted their target price on shares of Coeur Mining from $3.50 to $4.25 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Roth Capital restated a “buy” rating on shares of Coeur Mining in a research note on Tuesday, April 9th. Raymond James increased their price objective on Coeur Mining from $3.75 to $4.00 and gave the company a “market perform” rating in a report on Monday, April 8th. Finally, National Bank Financial reissued an “outperform spec market weight” rating on shares of Coeur Mining in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $4.21.

Coeur Mining Stock Performance

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 has a market cap of $1.80 billion, a PE ratio of -14.89 and a beta of 1.82. The stock has a 50-day moving average price of $3.53 and a 200 day moving average price of $3.05.

Coeur Mining (NYSE:CDE) last announced its quarterly 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.

Hedge Funds Weigh In On Coeur Mining

Hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp lifted its holdings in shares of Coeur Mining by 10.9% in the 4th quarter. Van ECK Associates Corp now owns 36,279,058 shares of the basic materials company’s stock worth $118,269,000 after purchasing an additional 3,556,959 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Coeur Mining by 12.5% in 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 acquiring an additional 3,989,352 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Coeur Mining by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 16,087,106 shares of the basic materials company’s stock worth $52,445,000 after buying an additional 84,920 shares during the period. Jupiter Asset Management Ltd. increased its holdings in shares of Coeur Mining by 95.9% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 10,246,050 shares of the basic materials company’s stock valued at $22,746,000 after purchasing an additional 5,017,119 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Coeur Mining by 22.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,457,720 shares of the basic materials company’s stock valued at $30,832,000 after purchasing an additional 1,702,840 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

About Coeur Mining

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.