Coeur Mining (NYSE:CDE) Shares Gap Down to $5.29

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $5.29, but opened at $5.14. Coeur Mining shares last traded at $5.23, with a volume of 1,504,365 shares traded.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Raymond James lifted their price target on shares of Coeur Mining from $3.75 to $4.00 and gave the stock a "market perform" rating in a research report on Monday, April 8th. National Bank Financial reissued an "outperform spec market weight" rating on shares of Coeur Mining in a research report on Monday, April 8th. Roth Mkm assumed coverage on shares of Coeur Mining in a research report on Tuesday, April 9th. They set a "buy" rating and a $5.40 price target on the stock. BMO Capital Markets raised shares of Coeur Mining from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $4.25 to $5.50 in a research report on Friday, May 3rd. Finally, Roth Capital reissued a "buy" rating on shares of Coeur Mining in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $4.36.

Coeur Mining Stock Down 0.4 %

The firm's 50-day simple moving average is $4.27 and its 200 day simple moving average is $3.32. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.43 and a current ratio of 0.99. The stock has a market capitalization of $2.10 billion, a P/E ratio of -17.00 and a beta of 1.77.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The basic materials company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.01. The firm had revenue of $213.10 million during the quarter, compared to analysts' expectations of $203.43 million. Coeur Mining had a negative return on equity of 6.28% and a negative net margin of 12.77%. The business's quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.11) earnings per share. As a group, research analysts expect that Coeur Mining, Inc. will post 0.08 EPS for the current year.

Insider Buying and Selling

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 44,000 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $4.86, for a total value of $213,840.00. Following the completion of the sale, the chief accounting officer now owns 140,719 shares in the company, valued at $683,894.34. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CAO Kenneth J. Watkinson sold 44,000 shares of the firm's stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $4.86, for a total transaction of $213,840.00. Following the completion of the sale, the chief accounting officer now owns 140,719 shares in the company, valued at approximately $683,894.34. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Sebastian Edwards sold 20,000 shares of the firm's stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $5.08, for a total transaction of $101,600.00. Following the sale, the director now owns 103,100 shares of the company's stock, valued at approximately $523,748. The disclosure for this sale can be found here. 1.56% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CDE. Vanguard Group Inc. raised its stake in Coeur Mining by 5.7% in the 3rd 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 in the last quarter. Charles Schwab Investment Management Inc. grew its position in 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 worth $9,221,000 after buying an additional 274,878 shares in the last quarter. Jupiter Asset Management Ltd. raised its holdings in Coeur Mining by 95.9% in the 3rd 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 in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Coeur Mining by 1.7% during the 4th 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. grew its holdings in shares of Coeur Mining by 22.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,457,720 shares of the basic materials company's stock worth $30,832,000 after purchasing an additional 1,702,840 shares in the last quarter. 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.