Coeur Mining (NYSE:CDE) Shares Gap Up to $4.88

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $4.88, but opened at $5.08. Coeur Mining shares last traded at $5.16, with a volume of 2,181,695 shares.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CDE shares. BMO Capital Markets upgraded shares of Coeur Mining from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $4.25 to $5.50 in a research report on Friday. Roth Mkm started coverage on Coeur Mining in a research report on Tuesday, April 9th. They issued a "buy" rating and a $5.40 target price on the stock. National Bank Financial restated an "outperform spec market weight" rating on shares of Coeur Mining in a research report on Monday, April 8th. Raymond James lifted their price objective on Coeur Mining from $3.75 to $4.00 and gave the stock a "market perform" rating in a research report on Monday, April 8th. Finally, Roth Capital reiterated 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, one has issued a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $4.36.

Coeur Mining Stock Up 5.3 %

The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of -16.58 and a beta of 1.77. The stock has a fifty day moving average of $3.92 and a 200-day moving average of $3.20.

Coeur Mining (NYSE:CDE - Get Free Report) last posted 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 business had revenue of $213.10 million for the quarter, compared to analysts' expectations of $203.43 million. Coeur Mining had a negative net margin of 12.77% and a negative return on equity of 6.28%. Coeur Mining's revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.11) EPS. As a group, sell-side analysts expect that Coeur Mining, Inc. will post -0.04 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Kenneth J. Watkinson sold 44,000 shares of the firm's stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $4.86, for a total transaction of $213,840.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.56% of the company's stock.

Institutional Investors Weigh In On Coeur Mining

A number of institutional investors have recently made changes to their positions in CDE. Arizona State Retirement System boosted its holdings in shares of Coeur Mining by 4.1% in the 4th quarter. Arizona State Retirement System now owns 98,725 shares of the basic materials company's stock valued at $322,000 after buying an additional 3,899 shares during the last quarter. Assenagon Asset Management S.A. increased its position in 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 worth $806,000 after acquiring an additional 4,175 shares during the period. Marotta Asset Management boosted its holdings in Coeur Mining by 50.0% in the 1st quarter. Marotta Asset Management now owns 15,000 shares of the basic materials company's stock valued at $57,000 after purchasing an additional 5,000 shares during the period. Sigma Planning Corp boosted its holdings in Coeur Mining by 35.3% in the 3rd quarter. Sigma Planning Corp now owns 31,670 shares of the basic materials company's stock valued at $70,000 after purchasing an additional 8,260 shares during the period. Finally, Scotia Capital Inc. lifted its holdings in shares of Coeur Mining by 9.0% during the 3rd quarter. Scotia Capital Inc. now owns 120,791 shares of the basic materials company's stock worth $268,000 after acquiring an additional 10,000 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

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.