Coeur Mining (NYSE:CDE) Shares Gap Down to $4.48

Shares of Coeur Mining, Inc. (NYSE:CDE - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $4.48, but opened at $4.34. Coeur Mining shares last traded at $4.28, with a volume of 2,092,319 shares.

Analysts Set New Price Targets

Several equities analysts have issued reports on CDE shares. BMO Capital Markets raised their price objective on Coeur Mining from $3.50 to $4.25 and gave the stock a "market perform" rating in a report on Wednesday, April 10th. Raymond James raised their price objective on Coeur Mining from $3.75 to $4.00 and gave the stock a "market perform" rating in a report on Monday, April 8th. Roth Mkm started coverage on Coeur Mining in a report on Tuesday, April 9th. They set a "buy" rating and a $5.40 price objective on the stock. National Bank Financial reaffirmed an "outperform spec market weight" rating on shares of Coeur Mining in a report on Monday, April 8th. Finally, Roth Capital reaffirmed a "buy" rating on shares of Coeur Mining in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $4.21.

Coeur Mining Price Performance

The stock has a fifty day simple moving average of $3.36 and a two-hundred day simple moving average of $2.97. The company has a market cap of $1.70 billion, a PE ratio of -14.06 and a beta of 1.82. The company has a current ratio of 0.92, a quick ratio of 0.38 and a debt-to-equity ratio of 0.51.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The basic materials company reported ($0.02) earnings per share for the quarter. Coeur Mining had a negative net margin of 12.62% and a negative return on equity of 7.79%. The business had revenue of $262.10 million during the quarter.

Institutional Investors Weigh In On Coeur Mining

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ballentine Partners LLC acquired a new position in shares of Coeur Mining during the 1st quarter worth approximately $46,000. Salem Investment Counselors Inc. raised its position in shares of Coeur Mining by 10.6% during the 1st quarter. Salem Investment Counselors Inc. now owns 514,600 shares of the basic materials company's stock worth $1,940,000 after purchasing an additional 49,500 shares during the last quarter. &PARTNERS acquired a new position in shares of Coeur Mining during the 1st quarter worth approximately $54,000. Marotta Asset Management raised its position in shares of Coeur Mining by 50.0% during the 1st quarter. Marotta Asset Management now owns 15,000 shares of the basic materials company's stock worth $57,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Coeur Mining by 12.5% during the 4th quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company's stock worth $116,885,000 after purchasing an additional 3,989,352 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

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.