Coeur Mining (NYSE:CDE) Shares Gap Up - Here's What Happened

Shares of Coeur Mining, Inc. (NYSE:CDE - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $6.92, but opened at $7.24. Coeur Mining shares last traded at $7.15, with a volume of 1,824,676 shares traded.

Analysts Set New Price Targets

Several research firms recently weighed in on CDE. Cantor Fitzgerald upgraded shares of Coeur Mining from a "hold" rating to a "strong-buy" rating in a research report on Thursday, November 7th. StockNews.com raised shares of Coeur Mining from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Finally, Roth Mkm reaffirmed a "buy" rating and issued a $8.50 target price (down previously from $9.00) on shares of Coeur Mining in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $7.81.

Coeur Mining Stock Performance

The company has a debt-to-equity ratio of 0.53, a current ratio of 1.09 and a quick ratio of 0.39. The company has a 50 day simple moving average of $6.38 and a 200-day simple moving average of $6.38. The stock has a market cap of $2.88 billion, a P/E ratio of -240.35 and a beta of 1.59.

Institutional Trading of Coeur Mining

Large investors have recently added to or reduced their stakes in the business. Farringdon Capital Ltd. bought a new stake in Coeur Mining in the fourth quarter worth $135,000. Zacks Investment Management purchased a new position in Coeur Mining in the fourth quarter worth $745,000. Marshall Wace LLP grew its stake in shares of Coeur Mining by 12,934.3% during the fourth quarter. Marshall Wace LLP now owns 2,971,679 shares of the basic materials company's stock worth $16,998,000 after acquiring an additional 2,948,880 shares during the last quarter. Jump Financial LLC increased its position in shares of Coeur Mining by 660.2% in the 4th quarter. Jump Financial LLC now owns 1,112,655 shares of the basic materials company's stock valued at $6,364,000 after acquiring an additional 966,298 shares during the period. Finally, Mariner LLC raised its position in Coeur Mining by 65.0% during the 4th quarter. Mariner LLC now owns 77,824 shares of the basic materials company's stock worth $445,000 after buying an additional 30,667 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

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.