Coeur Mining (NYSE:CDE) Shares Gap Up - Time to Buy?

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $6.43, but opened at $6.81. Coeur Mining shares last traded at $6.70, with a volume of 3,029,066 shares trading hands.

Analyst Ratings Changes

CDE has been the subject of a number of research reports. Roth Mkm cut their price target on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a research note on Friday, February 21st. TD Securities began coverage on Coeur Mining in a research note on Tuesday, March 11th. They issued a "buy" rating and a $7.00 target price on the stock. Raymond James upgraded Coeur Mining from a "market perform" rating to an "outperform" rating and lowered their price target for the company from $8.75 to $8.25 in a research report on Friday, February 21st. TD Cowen upgraded Coeur Mining to a "strong-buy" rating in a research report on Tuesday, March 11th. Finally, BMO Capital Markets assumed coverage on Coeur Mining in a research report on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 target price for the company. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $8.05.

Coeur Mining Stock Down 3.3 %

The firm has a market capitalization of $3.96 billion, a PE ratio of 51.71 and a beta of 1.51. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. The stock has a 50 day simple moving average of $6.17 and a 200 day simple moving average of $6.36.

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Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, meeting analysts' consensus estimates of $0.11. The company had revenue of $305.40 million during the quarter, compared to analyst estimates 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 forecast that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Insider Activity

In other Coeur Mining news, CFO Thomas S. Whelan purchased 10,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was acquired at an average price of $5.25 per share, with a total value of $52,500.00. Following the transaction, the chief financial officer now directly owns 668,450 shares of the company's stock, valued at approximately $3,509,362.50. This trade represents a 1.52 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.56% of the company's stock.

Hedge Funds Weigh In On Coeur Mining

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its position in Coeur Mining by 139.8% during the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 3,359 shares during the period. Quarry LP increased its position in shares of Coeur Mining by 853.8% during the fourth quarter. Quarry LP now owns 6,667 shares of the basic materials company's stock valued at $38,000 after buying an additional 5,968 shares during the period. Optiver Holding B.V. increased its position in shares of Coeur Mining by 150.5% during the fourth quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock valued at $47,000 after buying an additional 4,903 shares during the period. FNY Investment Advisers LLC bought a new position in Coeur Mining in the fourth quarter worth about $57,000. Finally, ZEGA Investments LLC purchased a new stake in Coeur Mining in the fourth quarter worth about $64,000. 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.