Coeur Mining Now Covered by BB&T Corp. (CDE)
Analysts at BB&T Corp. assumed coverage on shares of Coeur Mining (NYSE:CDE) in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock. The analysts noted that the move was a valuation call.
Shares of Coeur Mining (NYSE:CDE) traded down 2.69% on Thursday, hitting $14.12. The stock had a trading volume of 966,435 shares. Coeur Mining has a 1-year low of $11.29 and a 1-year high of $31.97. The stock has a 50-day moving average of $14.31 and a 200-day moving average of $15.20. The company’s market cap is $1.434 billion.
Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.33. The company had revenue of $204.53 million for the quarter, compared to the consensus estimate of $211.29 million. Coeur Mining’s revenue was down 19.6% compared to the same quarter last year. On average, analysts predict that Coeur Mining will post $-0.62 earnings per share for the current fiscal year.
CDE has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Coeur Mining (NYSE:CDE) from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, August 14th. They now have a $13.80 price target on the stock. Separately, analysts at Cormark upgraded shares of Coeur Mining (NYSE:CDE) from a “market perform” rating to a “buy” rating in a research note to investors on Friday, August 9th.
Four equities research analysts have rated the stock with a sell rating, six have issued 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 $24.54.
Coeur Mining, Inc, formerly Coeur d’Alene Mines Corporation, is a silver producer with gold production and has assets located in the United States, Mexico, Bolivia, Argentina and Australia.
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