Coeur Mining (NYSE:CDE) Shares Gap Down to $4.48

Coeur Mining, Inc. (NYSE:CDE) shares gapped down prior to trading on Tuesday . The stock had previously closed at $4.48, but opened at $4.34. Coeur Mining shares last traded at $4.28, with a volume of 2,092,319 shares.

Analyst Upgrades and Downgrades

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

Coeur Mining Price 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 capitalization of $1.72 billion, a price-to-earnings ratio of -14.29 and a beta of 1.82. The stock has a 50 day moving average price of $3.39 and a two-hundred day moving average price of $2.98.

Coeur Mining (NYSE:CDE) last announced its 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

Several large investors have recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC grew its stake in shares of Coeur Mining by 99,607.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 170,843,155 shares of the basic materials company’s stock worth $574,033,000 after acquiring an additional 170,671,810 shares in the last quarter. State Street Corp increased its holdings in Coeur Mining by 56.5% during the 1st quarter. State Street Corp now owns 27,794,163 shares of the basic materials company’s stock worth $123,684,000 after purchasing an additional 10,035,506 shares during the period. BlackRock Inc. raised its position in Coeur Mining by 21.6% in the 2nd quarter. BlackRock Inc. now owns 32,638,874 shares of the basic materials company’s stock valued at $92,694,000 after purchasing an additional 5,798,848 shares in the last quarter. Jupiter Asset Management Ltd. boosted its stake 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 buying an additional 5,017,119 shares during the period. Finally, Vanguard Group Inc. grew its position 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. 63.01% of the stock is owned by hedge funds and other institutional investors.

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.