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

Shares of Coeur Mining, Inc. (NYSE:CDE - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $6.10, but opened at $6.35. Coeur Mining shares last traded at $6.43, with a volume of 4,085,570 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CDE. BMO Capital Markets initiated coverage on Coeur Mining in a research note on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 price target for the company. TD Securities assumed coverage on shares of Coeur Mining in a report on Tuesday, March 11th. They set a "buy" rating and a $7.00 price target on the stock. Raymond James reiterated an "outperform" rating and set a $8.50 target price on shares of Coeur Mining in a research report on Wednesday, April 2nd. Roth Mkm cut their price objective on Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a report on Friday, February 21st. Finally, TD Cowen upgraded Coeur Mining to a "strong-buy" rating in a research report on Tuesday, March 11th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $8.10.

Coeur Mining Stock Performance

The company has a market cap of $3.85 billion, a PE ratio of 50.21 and a beta of 1.35. 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 firm's 50-day simple moving average is $5.83 and its two-hundred day simple moving average is $6.23.

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

Insider Activity

In other Coeur Mining news, CFO Thomas S. Whelan acquired 10,000 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price 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 of the company's stock, valued at approximately $3,509,362.50. This trade represents a 1.52 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.56% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC raised its stake 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 acquiring an additional 3,359 shares during the last quarter. City State Bank boosted its stake in Coeur Mining by 56.9% in the 1st quarter. City State Bank now owns 6,274 shares of the basic materials company's stock worth $37,000 after buying an additional 2,274 shares during the last quarter. Quarry LP grew its position in 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 acquiring an additional 5,968 shares during the period. Optiver Holding B.V. raised its holdings in shares of Coeur Mining by 150.5% in the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock worth $47,000 after purchasing an additional 4,903 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in shares of Coeur Mining in the 4th quarter valued at $57,000. 63.01% of the stock is owned by institutional investors and hedge funds.

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.