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

Coeur Mining, Inc. (NYSE:CDE)’s stock price gapped down before the market opened 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 traded.

Analysts Set New Price Targets

A number of research analysts recently commented on CDE shares. Roth Mkm initiated coverage on Coeur Mining in a report on Tuesday, April 9th. They issued a “buy” rating and a $5.40 price target on the stock. Raymond James boosted their target price on shares of Coeur Mining from $3.75 to $4.00 and gave the stock a “market perform” rating in a report on Monday, April 8th. BMO Capital Markets raised their target price on shares of Coeur Mining from $3.50 to $4.25 and gave the company a “market perform” rating in a research note on Wednesday, April 10th. Roth Capital reiterated a “buy” rating on shares of Coeur Mining in a research note on Tuesday, April 9th. Finally, National Bank Financial restated an “outperform spec market weight” rating on shares of Coeur Mining in a research 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 assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.21.

Coeur Mining Price Performance

The company has a current ratio of 0.92, a quick ratio of 0.38 and a debt-to-equity ratio of 0.51. The firm’s 50-day moving average price is $3.39 and its 200-day moving average price is $2.98. The stock has a market capitalization of $1.72 billion, a PE ratio of -14.29 and a beta of 1.82.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, February 21st. The basic materials company reported ($0.02) earnings per share 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%.

Hedge Funds Weigh In On Coeur Mining

Large investors have recently bought and sold shares of the business. Atria Wealth Solutions Inc. bought a new stake in shares of Coeur Mining during the fourth quarter worth $33,000. US Bancorp DE increased its stake in Coeur Mining by 1,742.5% in the 4th quarter. US Bancorp DE now owns 10,355 shares of the basic materials company’s stock worth $34,000 after buying an additional 9,793 shares during the period. Virtu Financial LLC bought a new stake in Coeur Mining during the 4th quarter valued at about $34,000. First Trust Advisors LP purchased a new stake in Coeur Mining in the 4th quarter valued at about $35,000. Finally, Point72 Middle East FZE purchased a new stake in Coeur Mining in the 4th quarter valued at about $36,000. 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.