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

Coeur Mining, Inc. (NYSE:CDE) 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 changing hands.

Analysts Set New Price Targets

CDE has been the subject of a number of analyst reports. Raymond James raised their price target on Coeur Mining from $3.75 to $4.00 and gave the stock a “market perform” rating in a research report on Monday, April 8th. National Bank Financial restated an “outperform spec market weight” rating on shares of Coeur Mining in a report on Monday, April 8th. Roth Capital reiterated a “buy” rating on shares of Coeur Mining in a report on Tuesday, April 9th. BMO Capital Markets raised their price objective 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. Finally, Roth Mkm initiated coverage on Coeur Mining in a research report on Tuesday, April 9th. They set a “buy” rating and a $5.40 target price for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $4.21.

Coeur Mining Price Performance

The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.38 and a current ratio of 0.92. The firm has a fifty day simple moving average of $3.53 and a 200 day simple moving average of $3.05. The company has a market capitalization of $1.80 billion, a PE ratio of -14.89 and a beta of 1.82.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, February 21st. The basic materials company reported ($0.02) EPS for the quarter. The firm 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%.

Institutional Investors Weigh In On Coeur Mining

Hedge funds have recently modified their holdings of the business. Atria Wealth Solutions Inc. purchased a new stake in Coeur Mining during the fourth quarter worth $33,000. Ballentine Partners LLC purchased a new stake in shares of Coeur Mining during the 1st quarter worth $46,000. Forum Financial Management LP purchased a new stake in shares of Coeur Mining during the 4th quarter worth $40,000. &PARTNERS bought a new stake in Coeur Mining during the first quarter valued at about $54,000. Finally, Marotta Asset Management grew its stake in Coeur Mining by 50.0% in the first quarter. Marotta Asset Management now owns 15,000 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors 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.