Coeur Mining (NYSE:CDE) Shares Gap Up to $6.88

Coeur Mining, Inc. (NYSE:CDE)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $6.88, but opened at $7.07. Coeur Mining shares last traded at $7.13, with a volume of 1,208,044 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CDE shares. Cantor Fitzgerald lowered Coeur Mining from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 8th. Roth Mkm raised their price objective on Coeur Mining from $8.00 to $8.50 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Raymond James upped their target price on shares of Coeur Mining from $6.25 to $7.00 and gave the stock a “market perform” rating in a research report on Friday, September 20th. Finally, BMO Capital Markets increased their price target on shares of Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Coeur Mining presently has a consensus rating of “Hold” and a consensus target price of $7.83.

Coeur Mining Stock Up 0.1 %

The firm has a market capitalization of $2.75 billion, a P/E ratio of -22.48 and a beta of 1.64. The company has a fifty day simple moving average of $6.21 and a 200 day simple moving average of $5.53. The company has a quick ratio of 0.45, a current ratio of 1.20 and a debt-to-equity ratio of 0.59.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $222.03 million for the quarter, compared to analysts’ expectations of $242.18 million. Coeur Mining had a negative net margin of 8.33% and a negative return on equity of 4.59%. Coeur Mining’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.06) EPS. On average, equities analysts expect that Coeur Mining, Inc. will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. CWM LLC increased its holdings in Coeur Mining by 831.5% in the 2nd quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock worth $28,000 after buying an additional 4,490 shares in the last quarter. Ballentine Partners LLC purchased a new position in shares of Coeur Mining during the first quarter valued at approximately $46,000. StoneX Group Inc. purchased a new position in shares of Coeur Mining during the first quarter valued at approximately $49,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Coeur Mining during the 2nd quarter valued at $49,000. Finally, &PARTNERS purchased a new position in shares of Coeur Mining in the 1st quarter worth $54,000. Hedge funds and other 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.