Coeur Mining Inc (NYSE:CDE) shares gapped up before the market opened on Wednesday . The stock had previously closed at $8.15, but opened at $8.40. Coeur Mining shares last traded at $8.59, with a volume of 4714525 shares traded.

CDE has been the subject of several recent analyst reports. BMO Capital Markets initiated coverage on shares of Coeur Mining in a research note on Friday, November 17th. They set an “outperform” rating and a $10.50 price objective for the company. Royal Bank of Canada set a $11.00 target price on Coeur Mining and gave the stock a “buy” rating in a research report on Friday, October 27th. Zacks Investment Research downgraded Coeur Mining from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 25th. Raymond James Financial upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $10.25 to $10.50 in a research report on Tuesday, November 21st. Finally, Noble Financial reiterated a “hold” rating on shares of Coeur Mining in a research report on Thursday, January 11th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $10.29.

The company has a current ratio of 3.68, a quick ratio of 2.51 and a debt-to-equity ratio of 0.36. The firm has a market cap of $1,550.00, a price-to-earnings ratio of -83.50 and a beta of 0.38.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, October 25th. The basic materials company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.17). The firm had revenue of $176.00 million during the quarter, compared to the consensus estimate of $185.09 million. Coeur Mining had a negative return on equity of 1.37% and a negative net margin of 2.41%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 earnings per share. equities analysts predict that Coeur Mining Inc will post -0.03 earnings per share for the current fiscal year.

In other news, COO Frank L. Jr. Hanagarne sold 5,684 shares of the business’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $8.50, for a total transaction of $48,314.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Mark Spurbeck sold 15,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $7.42, for a total value of $111,300.00. The disclosure for this sale can be found here. Insiders sold 30,684 shares of company stock valued at $236,314 over the last quarter. 1.30% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in Coeur Mining by 65.4% in the second quarter. Dimensional Fund Advisors LP now owns 4,654,860 shares of the basic materials company’s stock valued at $39,939,000 after buying an additional 1,840,601 shares during the last quarter. Teachers Advisors LLC boosted its position in Coeur Mining by 259.5% in the 2nd quarter. Teachers Advisors LLC now owns 1,157,842 shares of the basic materials company’s stock worth $9,934,000 after purchasing an additional 835,734 shares in the last quarter. Northpointe Capital LLC purchased a new stake in Coeur Mining in the 3rd quarter worth approximately $7,063,000. Ninepoint Partners LP purchased a new stake in Coeur Mining in the 3rd quarter worth approximately $6,378,000. Finally, Royce & Associates LP purchased a new stake in Coeur Mining in the 3rd quarter worth approximately $6,203,000. Institutional investors and hedge funds own 69.40% of the company’s stock.

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About Coeur Mining

Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.

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