Coeur Mining (NYSE:CDE) Shares Gap Up to $4.78

Shares of Coeur Mining Inc (NYSE:CDE) gapped up prior to trading on Monday . The stock had previously closed at $4.63, but opened at $4.78. Coeur Mining shares last traded at $5.12, with a volume of 8,144,383 shares changing hands.

Several research firms recently commented on CDE. Raymond James upped their price target on shares of Coeur Mining from $4.75 to $5.25 and gave the company an “outperform” rating in a research report on Monday, July 22nd. ValuEngine upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a research report on Thursday. Noble Financial reiterated a “buy” rating and issued a $5.00 price target on shares of Coeur Mining in a research report on Monday, July 15th. Zacks Investment Research upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Roth Capital reiterated a “buy” rating on shares of Coeur Mining in a research report on Monday, July 15th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Coeur Mining presently has an average rating of “Buy” and a consensus price target of $5.38.

The stock’s 50-day simple moving average is $4.43. The firm has a market cap of $1.05 billion, a PE ratio of -512.00 and a beta of 0.93. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.63 and a current ratio of 1.36.

In other news, Director J Kenneth Thompson acquired 15,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was bought at an average price of $2.93 per share, for a total transaction of $43,950.00. Following the transaction, the director now owns 150,645 shares in the company, valued at $441,389.85. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thomas S. Whelan acquired 25,000 shares of the business’s stock in a transaction on Friday, May 31st. The shares were purchased at an average price of $2.84 per share, with a total value of $71,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 41,750 shares of company stock valued at $120,200. 1.88% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in CDE. Norges Bank purchased a new position in Coeur Mining during the 4th quarter worth $7,183,000. Dimensional Fund Advisors LP grew its stake 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 purchasing an additional 1,559,563 shares during the period. Deutsche Bank AG grew its stake in shares of Coeur Mining by 107.9% during the 4th quarter. Deutsche Bank AG now owns 1,953,092 shares of the basic materials company’s stock worth $8,729,000 after purchasing an additional 1,013,536 shares during the period. Geode Capital Management LLC grew its stake in shares of Coeur Mining by 16.0% during the 4th quarter. Geode Capital Management LLC now owns 2,100,322 shares of the basic materials company’s stock worth $9,388,000 after purchasing an additional 289,635 shares during the period. Finally, Amundi Pioneer Asset Management Inc. grew its stake in shares of Coeur Mining by 32.1% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 668,739 shares of the basic materials company’s stock worth $2,728,000 after purchasing an additional 162,639 shares during the period. Institutional investors own 65.83% of the company’s stock.

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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