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

Coeur Mining, Inc. (NYSE:CDE) shares gapped up prior to trading on Wednesday . The stock had previously closed at $4.81, but opened at $5.09. Coeur Mining shares last traded at $5.16, with a volume of 3,140,132 shares.

Wall Street Analyst Weigh In

Several research firms have issued reports on CDE. TD Securities started coverage on Coeur Mining in a research report on Tuesday, March 11th. They set a “buy” rating and a $7.00 target price on the stock. National Bank Financial upgraded Coeur Mining to a “strong-buy” rating in a research note on Friday, March 21st. TD Cowen raised Coeur Mining to a “strong-buy” rating in a report on Tuesday, March 11th. Roth Mkm lowered their price target on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, Cormark upgraded shares of Coeur Mining to a “moderate buy” rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Coeur Mining has an average rating of “Buy” and a consensus price target of $8.10.

Coeur Mining Price Performance

The firm has a market capitalization of $3.78 billion, a PE ratio of 49.32 and a beta of 1.35. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39. The business’s 50 day moving average is $5.94 and its two-hundred day moving average is $6.28.

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

Insiders Place Their Bets

In related news, CFO Thomas S. Whelan bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average cost of $5.25 per share, for a total transaction of $52,500.00. Following the acquisition, the chief financial officer now directly owns 668,450 shares of the company’s stock, valued at $3,509,362.50. The trade was a 1.52 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.56% of the stock is currently owned by insiders.

Institutional Trading of Coeur Mining

Several hedge funds and other institutional investors have recently bought and sold shares of CDE. GAMMA Investing LLC increased its stake in shares of Coeur Mining by 139.8% in the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock worth $33,000 after buying an additional 3,359 shares during the period. City State Bank increased its position in shares of Coeur Mining by 56.9% in the first quarter. City State Bank now owns 6,274 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 2,274 shares during the period. Quarry LP raised its stake in shares of Coeur Mining by 853.8% during the fourth quarter. Quarry LP now owns 6,667 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 5,968 shares during the last quarter. Optiver Holding B.V. raised its stake in shares of Coeur Mining by 150.5% during the fourth quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 4,903 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Coeur Mining during the fourth quarter worth about $57,000. Institutional investors own 63.01% of the company’s stock.

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.