Coeur Mining Inc (NYSE:CDE) gapped down before the market opened on Friday . The stock had previously closed at $5.21, but opened at $5.10. Coeur Mining shares last traded at $4.95, with a volume of 6,442,192 shares trading hands.

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets set a $5.00 price objective on shares of Coeur Mining and gave the company a “hold” rating in a research note on Friday, July 19th. ValuEngine upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Canaccord Genuity downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $5.50 target price for the company. in a research note on Thursday, August 8th. Noble Financial set a $6.00 price objective on shares of Coeur Mining and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Raymond James lifted their price objective on shares of Coeur Mining from $5.25 to $5.50 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $5.58.

The company has a debt-to-equity ratio of 0.41, a current ratio of 1.05 and a quick ratio of 0.42. The company’s fifty day moving average is $4.73 and its 200-day moving average is $4.22. The stock has a market cap of $1.13 billion, a PE ratio of -495.00 and a beta of 0.93.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, August 7th. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.01). Coeur Mining had a negative return on equity of 6.00% and a negative net margin of 17.81%. The business had revenue of $162.12 million for the quarter, compared to analysts’ expectations of $161.18 million. During the same period last year, the business earned $0.01 EPS. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. Analysts expect that Coeur Mining Inc will post -0.27 EPS for the current year.

In other Coeur Mining news, SVP Casey M. Nault sold 30,000 shares of Coeur Mining stock in a transaction on Monday, August 5th. The shares were sold at an average price of $5.01, for a total value of $150,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director J Kenneth Thompson acquired 15,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was purchased at an average cost of $2.93 per share, with a total value of $43,950.00. Following the acquisition, the director now directly owns 150,645 shares of the company’s stock, valued at approximately $441,389.85. The disclosure for this purchase can be found here. Insiders acquired 41,750 shares of company stock valued at $120,200 in the last ninety days. 1.88% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in CDE. Point72 Hong Kong Ltd acquired a new stake in shares of Coeur Mining in the second quarter valued at about $28,000. Nisa Investment Advisors LLC boosted its position in Coeur Mining by 1,075.3% during the first quarter. Nisa Investment Advisors LLC now owns 10,930 shares of the basic materials company’s stock worth $45,000 after acquiring an additional 10,000 shares during the last quarter. HighTower Advisors LLC acquired a new position in Coeur Mining during the second quarter worth about $88,000. Quantamental Technologies LLC boosted its position in Coeur Mining by 81.4% during the first quarter. Quantamental Technologies LLC now owns 22,108 shares of the basic materials company’s stock worth $90,000 after acquiring an additional 9,920 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Coeur Mining during the first quarter worth about $101,000. Institutional investors and hedge funds own 67.82% 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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