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

Coeur Mining, Inc. (NYSE:CDE)’s stock price 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 traded.

Wall Street Analyst Weigh In

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

Coeur Mining Price Performance

The business’s 50 day moving average price is $2.88 and its two-hundred day moving average price is $2.75. The stock has a market cap of $1.38 billion, a P/E ratio of -11.52 and a beta of 1.77. The company has a current ratio of 0.92, a quick ratio of 0.38 and a debt-to-equity ratio of 0.51.

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

Institutional Investors Weigh In On Coeur Mining

A number of large investors have recently modified their holdings of CDE. Alberta Investment Management Corp purchased a new stake in Coeur Mining during the second quarter valued at approximately $29,000. Atria Wealth Solutions Inc. purchased a new stake in Coeur Mining during the fourth quarter valued at approximately $33,000. US Bancorp DE increased its holdings in Coeur Mining by 1,742.5% during the fourth quarter. US Bancorp DE now owns 10,355 shares of the basic materials company’s stock valued at $34,000 after buying an additional 9,793 shares during the last quarter. Virtu Financial LLC purchased a new stake in Coeur Mining during the fourth quarter valued at approximately $34,000. Finally, Rathbones Group PLC purchased a new stake in Coeur Mining during the third quarter valued at approximately $35,000. Institutional investors own 63.01% of the company’s stock.

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.