Coeur Mining (NYSE:CDE) Shares Gap Up – What’s Next?

Shares of Coeur Mining, Inc. (NYSE:CDE) gapped up before the market opened on Monday . The stock had previously closed at $26.11, but opened at $27.67. Coeur Mining shares last traded at $27.3320, with a volume of 4,886,981 shares.

Wall Street Analyst Weigh In

CDE has been the topic of several research analyst reports. Wall Street Zen raised Coeur Mining from a “hold” rating to a “buy” rating in a research note on Sunday, December 21st. TD Securities boosted their target price on Coeur Mining from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. TD Cowen upgraded Coeur Mining to a “strong-buy” rating in a research note on Monday, December 1st. Zacks Research raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. Finally, Cormark lowered shares of Coeur Mining from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $18.17.

Coeur Mining Stock Performance

The firm’s fifty day simple moving average is $18.19 and its 200 day simple moving average is $15.85. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.00 and a quick ratio of 1.10. The company has a market capitalization of $16.39 billion, a PE ratio of 38.49 and a beta of 1.24.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). The business had revenue of $554.57 million during the quarter, compared to analysts’ expectations of $511.20 million. Coeur Mining had a net margin of 24.03% and a return on equity of 15.52%. Coeur Mining’s revenue for the quarter was up 76.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 EPS. On average, research analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Institutional Investors Weigh In On Coeur Mining

A number of large investors have recently modified their holdings of CDE. AQR Capital Management LLC boosted its holdings in shares of Coeur Mining by 60.2% in the first quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock valued at $4,434,000 after acquiring an additional 281,489 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Coeur Mining by 18.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock worth $49,449,000 after purchasing an additional 1,278,110 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Coeur Mining by 122.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company’s stock worth $14,393,000 after buying an additional 1,339,138 shares in the last quarter. Focus Partners Wealth acquired a new stake in shares of Coeur Mining in the 1st quarter valued at approximately $60,000. Finally, Intech Investment Management LLC grew its holdings in Coeur Mining by 58.4% during the first quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock worth $1,594,000 after acquiring an additional 99,256 shares during the period. 63.01% of the stock is owned by hedge funds and other institutional investors.

About Coeur Mining

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.