Coeur Mining (NYSE:CDE) Shares Gap Down to $5.50

Coeur Mining, Inc. (NYSE:CDE)’s share price gapped down prior to trading on Monday . The stock had previously closed at $5.50, but opened at $4.73. Coeur Mining shares last traded at $4.94, with a volume of 1,857,755 shares changing hands.

Analysts Set New Price Targets

CDE has been the subject of several recent research reports. Roth Capital reiterated a “buy” rating on shares of Coeur Mining in a report on Tuesday, April 9th. Roth Mkm initiated coverage on Coeur Mining in a research report on Tuesday, April 9th. They set a “buy” rating and a $5.40 target price for the company. National Bank Financial reaffirmed an “outperform spec market weight” rating on shares of Coeur Mining in a research note on Monday, April 8th. Raymond James lifted their target price on shares of Coeur Mining from $5.00 to $5.75 and gave the stock a “market perform” rating in a research note on Wednesday, July 17th. Finally, BMO Capital Markets increased their price target on shares of Coeur Mining from $6.75 to $7.50 and gave the company an “outperform” rating in a research report on Friday, July 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Coeur Mining currently has an average rating of “Moderate Buy” and an average target price of $5.66.

Coeur Mining Stock Performance

The company has a market cap of $2.08 billion, a P/E ratio of -17.74 and a beta of 1.60. The business has a fifty day moving average of $5.93 and a 200 day moving average of $4.53. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.55.

Insider Transactions at Coeur Mining

In related news, Director Sebastian Edwards sold 20,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $5.08, for a total transaction of $101,600.00. Following the transaction, the director now owns 103,100 shares in the company, valued at $523,748. The sale 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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arizona State Retirement System grew its holdings in shares of Coeur Mining by 4.1% during the fourth 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. Ameritas Investment Partners Inc. raised its position in shares of Coeur Mining by 12.7% during the first quarter. Ameritas Investment Partners Inc. now owns 35,796 shares of the basic materials company’s stock valued at $135,000 after buying an additional 4,030 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings 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 worth $806,000 after acquiring an additional 4,175 shares in the last quarter. CWM LLC boosted its position in shares of Coeur Mining by 831.5% during the 2nd quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 4,490 shares during the last quarter. Finally, Marotta Asset Management lifted its position in Coeur Mining by 50.0% during the first 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 last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

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.