Coeur Mining (NYSE:CDE) Shares Gap Down to $4.50

Coeur Mining, Inc. (NYSE:CDE - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $4.50, but opened at $4.18. Coeur Mining shares last traded at $4.34, with a volume of 3,874,788 shares.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CDE. Roth Capital restated a "buy" rating on shares of Coeur Mining in a research report on Tuesday, April 9th. Roth Mkm assumed coverage on shares of Coeur Mining in a report on Tuesday, April 9th. They issued a "buy" rating and a $5.40 price target for the company. BMO Capital Markets upped their price target on shares of Coeur Mining from $3.50 to $4.25 and gave the company a "market perform" rating in a report on Wednesday, April 10th. National Bank Financial reissued an "outperform spec market weight" rating on shares of Coeur Mining in a report on Monday, April 8th. Finally, Raymond James upped their price objective on shares of Coeur Mining from $3.75 to $4.00 and gave the company a "market perform" rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $4.21.

Coeur Mining Stock Performance

The company has a debt-to-equity ratio of 0.51, a current ratio of 0.92 and a quick ratio of 0.38. The firm has a fifty day simple moving average of $3.49 and a 200 day simple moving average of $3.03. The company has a market cap of $1.66 billion, a price-to-earnings ratio of -13.73 and a beta of 1.82.

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 (EPS) for the quarter. The company had revenue of $262.10 million during the quarter. Coeur Mining had a negative return on equity of 7.79% and a negative net margin of 12.62%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Coeur Mining by 5.7% in the third quarter. Vanguard Group Inc. now owns 31,864,964 shares of the basic materials company's stock worth $70,740,000 after purchasing an additional 1,716,929 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Coeur Mining by 7.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,153,752 shares of the basic materials company's stock valued at $9,221,000 after acquiring an additional 274,878 shares during the period. Jupiter Asset Management Ltd. lifted its holdings in shares of Coeur Mining by 95.9% during the third quarter. Jupiter Asset Management Ltd. now owns 10,246,050 shares of the basic materials company's stock valued at $22,746,000 after acquiring an additional 5,017,119 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Coeur Mining by 1.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 247,169 shares of the basic materials company's stock valued at $806,000 after acquiring an additional 4,175 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Coeur Mining by 22.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,457,720 shares of the basic materials company's stock valued at $30,832,000 after acquiring an additional 1,702,840 shares during the period. 63.01% of the stock is 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.