Coeur Mining (NYSE:CDE) Shares Gap Up – Should You Buy?

Coeur Mining, Inc. (NYSE:CDE)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $6.43, but opened at $6.81. Coeur Mining shares last traded at $6.70, with a volume of 3,029,066 shares.

Wall Street Analyst Weigh In

CDE has been the topic of a number of analyst reports. Cormark upgraded Coeur Mining to a “moderate buy” rating in a research note on Thursday, February 20th. TD Cowen raised Coeur Mining to a “strong-buy” rating in a report on Tuesday, March 11th. Roth Mkm decreased their target price on Coeur Mining from $8.50 to $8.25 and set a “buy” rating on the stock in a report on Friday, February 21st. BMO Capital Markets initiated coverage on Coeur Mining in a report on Tuesday, February 18th. They set an “outperform” rating and a $9.00 target price on the stock. Finally, Raymond James raised Coeur Mining from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from $8.75 to $8.25 in a report on Friday, February 21st. One analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $8.05.

Coeur Mining Trading Up 4.0 %

The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 55.88 and a beta of 1.51. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83. The firm has a fifty day moving average price of $6.16 and a 200-day moving average price of $6.35.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. The business had revenue of $305.40 million during the quarter, compared to the consensus estimate of $314.32 million. As a group, equities analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Insider Buying and Selling

In other Coeur Mining news, CFO Thomas S. Whelan acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average cost of $5.25 per share, for a total transaction of $52,500.00. Following the transaction, the chief financial officer now directly owns 668,450 shares in the company, valued at $3,509,362.50. This represents a 1.52 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 1.56% of the stock is owned by corporate insiders.

Institutional Trading of Coeur Mining

Several institutional investors and hedge funds have recently modified their holdings of CDE. Jennison Associates LLC bought a new position in Coeur Mining in the third quarter valued at about $579,000. Intech Investment Management LLC bought a new position in Coeur Mining in the third quarter valued at about $642,000. Landscape Capital Management L.L.C. bought a new position in Coeur Mining in the third quarter valued at about $388,000. Navellier & Associates Inc. bought a new position in Coeur Mining in the third quarter valued at about $294,000. Finally, FMR LLC raised its position in Coeur Mining by 1,011.0% in the third quarter. FMR LLC now owns 137,504 shares of the basic materials company’s stock valued at $946,000 after purchasing an additional 125,127 shares during the last quarter. 63.01% of the stock is currently owned by 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.