Coeur Mining (NYSE:CDE) Shares Gap Down - Here's Why

Shares of Coeur Mining, Inc. (NYSE:CDE - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $5.92, but opened at $5.70. Coeur Mining shares last traded at $5.97, with a volume of 2,679,378 shares.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CDE shares. Roth Mkm decreased their target price on Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a research note on Friday, February 21st. Raymond James reissued an "outperform" rating and set a $8.50 target price on shares of Coeur Mining in a research note on Wednesday, April 2nd. TD Cowen raised Coeur Mining to a "strong-buy" rating in a report on Tuesday, March 11th. Cormark raised Coeur Mining to a "moderate buy" rating in a research note on Thursday, February 20th. Finally, BMO Capital Markets initiated coverage on Coeur Mining in a research report on Tuesday, February 18th. They set an "outperform" rating and a $9.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Coeur Mining currently has an average rating of "Buy" and a consensus target price of $8.10.

Coeur Mining Price Performance

The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $3.85 billion, a P/E ratio of 50.21 and a beta of 1.35. The company's 50-day simple moving average is $5.85 and its 200 day simple moving average is $6.24.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share for the quarter, meeting analysts' consensus estimates of $0.11. The firm had revenue of $305.40 million during the quarter, compared to the consensus estimate of $314.32 million. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. As a group, sell-side analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Coeur Mining news, CFO Thomas S. Whelan bought 10,000 shares of Coeur Mining stock in a transaction on Wednesday, February 26th. The shares were purchased at an average cost of $5.25 per share, for a total transaction of $52,500.00. Following the completion of the acquisition, the chief financial officer now owns 668,450 shares in the company, valued at approximately $3,509,362.50. The trade was a 1.52 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.56% of the company's stock.

Institutional Trading of Coeur Mining

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its position in Coeur Mining by 139.8% in the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company's stock valued at $33,000 after buying an additional 3,359 shares during the last quarter. City State Bank lifted its position in shares of Coeur Mining by 56.9% in the first quarter. City State Bank now owns 6,274 shares of the basic materials company's stock worth $37,000 after purchasing an additional 2,274 shares in the last quarter. Quarry LP boosted its holdings in Coeur Mining by 853.8% during the fourth quarter. Quarry LP now owns 6,667 shares of the basic materials company's stock worth $38,000 after purchasing an additional 5,968 shares during the last quarter. Optiver Holding B.V. grew its position in Coeur Mining by 150.5% in the fourth quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock valued at $47,000 after purchasing an additional 4,903 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in Coeur Mining in the 4th quarter valued at $57,000. 63.01% of the stock is currently owned by institutional investors.

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.