Coeur Mining (NYSE:CDE) Shares Gap Up – Here’s What Happened

Coeur Mining, Inc. (NYSE:CDEGet Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $7.10, but opened at $7.42. Coeur Mining shares last traded at $7.42, with a volume of 2,311,955 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CDE shares. Roth Mkm raised 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 raised their price objective on Coeur Mining from $7.50 to $8.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Raymond James lifted their target price on Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a research report on Friday, September 20th. Cantor Fitzgerald cut Coeur Mining from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 8th. Finally, Canaccord Genuity Group boosted their price target on Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $7.81.

View Our Latest Report on CDE

Coeur Mining Stock Performance

The company has a market capitalization of $2.95 billion, a P/E ratio of -23.82 and a beta of 1.65. The stock’s fifty day moving average price is $6.46 and its 200-day moving average price is $5.86. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.45 and a current ratio of 1.20.

Coeur Mining (NYSE:CDEGet Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Coeur Mining had a negative return on equity of 4.59% and a negative net margin of 8.33%. The firm had revenue of $222.03 million for the quarter, compared to the consensus estimate of $242.18 million. During the same quarter in the previous year, the business earned ($0.06) earnings per share. The business’s revenue was up 25.3% compared to the same quarter last year. As a group, research analysts anticipate that Coeur Mining, Inc. will post 0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Coeur Mining

Large investors have recently added to or reduced their stakes in the business. CWM LLC boosted its position in Coeur Mining by 831.5% during the second quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 4,490 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Coeur Mining during the 2nd quarter worth about $49,000. Hohimer Wealth Management LLC acquired a new position in Coeur Mining in the 2nd quarter valued at about $57,000. WINTON GROUP Ltd bought a new position in Coeur Mining in the 2nd quarter valued at about $57,000. Finally, CIBC Asset Management Inc bought a new position in Coeur Mining in the 2nd quarter valued at about $59,000. Institutional investors own 63.01% of the company’s stock.

About Coeur Mining

(Get Free Report)

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.

Further Reading

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