Coeur Mining (NYSE:CDE) Shares Gap Down - Should You Sell?

Shares of Coeur Mining, Inc. (NYSE:CDE - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $6.59, but opened at $6.20. Coeur Mining shares last traded at $6.25, with a volume of 2,398,861 shares.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CDE. Raymond James increased their target price on Coeur Mining from $6.25 to $7.00 and gave the company a "market perform" rating in a research note on Friday, September 20th. Cantor Fitzgerald raised Coeur Mining from a "hold" rating to a "strong-buy" rating in a report on Thursday. StockNews.com upgraded Coeur Mining from a "sell" rating to a "hold" rating in a research report on Friday. BMO Capital Markets lifted 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. Finally, Canaccord Genuity Group upped their price objective on shares of Coeur Mining from $7.00 to $7.75 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $7.81.

Coeur Mining Price Performance

The firm's 50 day moving average is $6.56 and its 200 day moving average is $6.04. The firm has a market cap of $2.56 billion, a P/E ratio of -205.60 and a beta of 1.65. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.09 and a quick ratio of 0.45.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.05. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. The company had revenue of $313.50 million for the quarter, compared to the consensus estimate of $289.19 million. During the same quarter in the prior year, the business posted ($0.05) EPS. The firm's quarterly revenue was up 61.1% compared to the same quarter last year. As a group, analysts anticipate that Coeur Mining, Inc. will post 0.16 earnings per share for the current year.

Hedge Funds Weigh In On Coeur Mining

A number of hedge funds have recently bought and sold shares of CDE. Janus Henderson Group PLC grew its stake in shares of Coeur Mining by 18.5% during the 1st quarter. Janus Henderson Group PLC now owns 2,723,185 shares of the basic materials company's stock valued at $10,254,000 after acquiring an additional 424,835 shares during the period. BNP Paribas Financial Markets raised its position in shares of Coeur Mining by 149.1% during the 1st quarter. BNP Paribas Financial Markets now owns 323,988 shares of the basic materials company's stock valued at $1,221,000 after purchasing an additional 193,912 shares during the period. Van ECK Associates Corp lifted its stake in shares of Coeur Mining by 1.1% during the 3rd quarter. Van ECK Associates Corp now owns 34,469,783 shares of the basic materials company's stock valued at $251,629,000 after buying an additional 365,115 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Coeur Mining by 247.7% in the 1st quarter. SG Americas Securities LLC now owns 113,038 shares of the basic materials company's stock worth $426,000 after buying an additional 80,531 shares during the period. Finally, AQR Capital Management LLC raised its holdings in Coeur Mining by 84.6% during the second quarter. AQR Capital Management LLC now owns 487,609 shares of the basic materials company's stock valued at $2,740,000 after acquiring an additional 223,529 shares during the period. 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.