Coeur Mining (NYSE:CDE) Shares Gap Up to $6.88

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $6.88, but opened at $7.07. Coeur Mining shares last traded at $7.13, with a volume of 1,208,044 shares.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CDE. Raymond James increased their price objective on Coeur Mining from $6.25 to $7.00 and gave the company a "market perform" rating in a report on Friday, September 20th. Roth Mkm increased their target price on shares of Coeur Mining from $8.00 to $8.50 and gave the company a "buy" rating in a research report on Wednesday, September 25th. 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, Cantor Fitzgerald downgraded shares of Coeur Mining from an "overweight" rating to a "neutral" rating in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $7.83.

Coeur Mining Trading Up 0.4 %

The business's 50-day moving average price is $6.21 and its 200-day moving average price is $5.53. The firm has a market capitalization of $2.76 billion, a PE ratio of -22.48 and a beta of 1.64. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.20 and a quick ratio of 0.45.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.01. The business had revenue of $222.03 million during the quarter, compared to analysts' expectations of $242.18 million. Coeur Mining had a negative net margin of 8.33% and a negative return on equity of 4.59%. The business's revenue was up 25.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.06) earnings per share. As a group, analysts expect that Coeur Mining, Inc. will post 0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coeur Mining

Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets increased its stake in shares of Coeur Mining by 24.2% during the fourth quarter. BNP Paribas Financial Markets now owns 130,076 shares of the basic materials company's stock worth $424,000 after acquiring an additional 25,303 shares during the period. Evoke Wealth LLC purchased a new position in shares of Coeur Mining during the 4th quarter worth approximately $64,000. Sprott Inc. lifted its holdings in shares of Coeur Mining by 71.2% in the 4th quarter. Sprott Inc. now owns 741,005 shares of the basic materials company's stock valued at $2,416,000 after buying an additional 308,068 shares during the period. Vanguard Group Inc. boosted its stake in shares of Coeur Mining by 12.5% in the fourth quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company's stock valued at $116,885,000 after buying an additional 3,989,352 shares in the last quarter. Finally, Marotta Asset Management grew its holdings in Coeur Mining by 50.0% during the first quarter. Marotta Asset Management now owns 15,000 shares of the basic materials company's stock worth $57,000 after acquiring an additional 5,000 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.