Coeur Mining (CDE) Shares Gap Down to $3.94

Coeur Mining Inc (NYSE:CDE) gapped down prior to trading on Monday . The stock had previously closed at $4.05, but opened at $3.94. Coeur Mining shares last traded at $3.90, with a volume of 2594185 shares trading hands.

A number of equities research analysts recently issued reports on the company. Raymond James set a $8.00 target price on Coeur Mining and gave the company an “outperform” rating in a research note on Friday, December 28th. Noble Financial set a $7.00 price target on Coeur Mining and gave the stock a “buy” rating in a research note on Wednesday, January 16th. BMO Capital Markets lowered Coeur Mining from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $6.50 to $6.00 in a research note on Friday, February 22nd. B. Riley assumed coverage on Coeur Mining in a research note on Friday, March 1st. They set a “buy” rating and a $6.25 price target on the stock. Finally, Zacks Investment Research lowered Coeur Mining from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $7.58.

The company has a market capitalization of $779.80 million, a price-to-earnings ratio of -372.00 and a beta of 0.42. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.85 and a quick ratio of 0.97.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, February 20th. The basic materials company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.20. Coeur Mining had a negative return on equity of 0.22% and a negative net margin of 7.74%. The company had revenue of $143.80 million for the quarter, compared to analyst estimates of $152.25 million. During the same quarter in the prior year, the company posted $0.08 EPS. The business’s revenue for the quarter was down 33.0% compared to the same quarter last year. On average, analysts anticipate that Coeur Mining Inc will post 0.1 earnings per share for the current year.

In other Coeur Mining news, SVP Hans John Rasmussen sold 7,500 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $4.78, for a total transaction of $35,850.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.88% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its holdings in shares of Coeur Mining by 14.5% during the 4th quarter. Van ECK Associates Corp now owns 24,967,902 shares of the basic materials company’s stock worth $111,607,000 after buying an additional 3,153,734 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Coeur Mining by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 16,704,201 shares of the basic materials company’s stock worth $89,033,000 after buying an additional 404,798 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of Coeur Mining by 2.5% during the 3rd quarter. Vanguard Group Inc now owns 16,704,201 shares of the basic materials company’s stock worth $89,033,000 after buying an additional 404,798 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Coeur Mining by 11.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 15,719,591 shares of the basic materials company’s stock worth $70,266,000 after buying an additional 1,559,563 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Coeur Mining by 7.1% during the 4th quarter. BlackRock Inc. now owns 13,712,933 shares of the basic materials company’s stock worth $61,297,000 after buying an additional 914,807 shares during the last quarter. Institutional investors and hedge funds own 67.22% of the company’s stock.

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Coeur Mining Company Profile (NYSE:CDE)

Coeur Mining, Inc explores for, develops, and produces gold, silver, zinc, and lead properties. It holds interests in the Palmarejo gold and silver complex located in Mexico; the Rochester silver and gold mine situated in Nevada; the Kensington gold mine located in Alaska; the Wharf gold mine situated in South Dakota; and the Silvertip silver-zinc-lead mine located in Canada.

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