Coeur Mining (NYSE:CDE) Shares Gap Down – Should You Sell?

Coeur Mining, Inc. (NYSE:CDE) shares gapped down prior to trading on Monday . The stock had previously closed at $6.57, but opened at $6.22. Coeur Mining shares last traded at $6.30, with a volume of 946,995 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CDE. StockNews.com upgraded Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Raymond James lifted their price target on Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a report on Friday, September 20th. BMO Capital Markets upped their price objective on shares of Coeur Mining from $7.50 to $8.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Canaccord Genuity Group increased their price objective on shares of Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Cantor Fitzgerald raised shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. Two 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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’s fifty day moving average is $6.65 and its 200 day moving average is $6.16.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The firm had revenue of $313.50 million during the quarter, compared to analysts’ expectations of $289.19 million. Coeur Mining had a negative net margin of 0.44% and a positive return on equity of 1.78%. The firm’s revenue was up 61.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.05) EPS. Equities research analysts predict that Coeur Mining, Inc. will post 0.15 EPS for the current year.

Institutional Trading of Coeur Mining

Several large investors have recently bought and sold shares of CDE. American Century Companies Inc. grew its holdings in Coeur Mining by 248.1% during the 2nd quarter. American Century Companies Inc. now owns 6,463,587 shares of the basic materials company’s stock valued at $36,325,000 after purchasing an additional 4,606,711 shares in the last quarter. M&G Plc acquired a new stake in shares of Coeur Mining during the second quarter valued at about $9,966,000. Renaissance Technologies LLC purchased a new stake in shares of Coeur Mining during the second quarter worth about $4,822,000. Janus Henderson Group PLC lifted its stake in shares of Coeur Mining by 18.5% in the first quarter. Janus Henderson Group PLC now owns 2,723,185 shares of the basic materials company’s stock worth $10,254,000 after acquiring an additional 424,835 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in Coeur Mining in the second quarter valued at about $2,382,000. Institutional investors and hedge funds 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.