Coeur Mining (NYSE:CDE) Shares Gap Up to $4.43

Coeur Mining, Inc. (NYSE:CDE - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $4.43, but opened at $4.57. Coeur Mining shares last traded at $4.47, with a volume of 953,458 shares trading hands.

Analyst Ratings Changes

Several equities analysts have weighed in on CDE shares. Roth Mkm began coverage on shares of Coeur Mining in a report on Tuesday, April 9th. They issued a "buy" rating and a $5.40 target price on the stock. BMO Capital Markets upped their price objective on shares of 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 upped their price objective on shares of Coeur Mining from $3.75 to $4.00 and gave the stock a "market perform" rating in a report on Monday, April 8th. National Bank Financial restated an "outperform spec market weight" rating on shares of Coeur Mining in a report on Monday, April 8th. Finally, Roth Capital restated a "buy" rating on shares of Coeur Mining in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Coeur Mining presently has an average rating of "Moderate Buy" and an average price target of $4.21.

Coeur Mining Stock Performance

The firm's 50 day moving average is $3.43 and its two-hundred day moving average is $2.99. The stock has a market capitalization of $1.73 billion, a PE ratio of -14.34 and a beta of 1.82. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.38 and a current ratio of 0.92.

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

Institutional Investors Weigh In On Coeur Mining

A number of large investors have recently modified their holdings of the company. Moneta Group Investment Advisors LLC increased its position in shares of Coeur Mining by 99,607.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 170,843,155 shares of the basic materials company's stock valued at $574,033,000 after purchasing an additional 170,671,810 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Coeur Mining by 10.9% in the 4th quarter. Van ECK Associates Corp now owns 36,279,058 shares of the basic materials company's stock valued at $118,269,000 after buying an additional 3,556,959 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Coeur Mining by 12.5% in the 4th quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company's stock valued at $116,885,000 after buying an additional 3,989,352 shares during the last quarter. BlackRock Inc. grew its position in shares of Coeur Mining by 21.6% in the 2nd quarter. BlackRock Inc. now owns 32,638,874 shares of the basic materials company's stock valued at $92,694,000 after buying an additional 5,798,848 shares during the last quarter. Finally, State Street Corp grew its position in shares of Coeur Mining by 56.5% in the 1st quarter. State Street Corp now owns 27,794,163 shares of the basic materials company's stock valued at $123,684,000 after buying an additional 10,035,506 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other 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.