Coeur Mining Price Target Raised to $6.00 at Scotiabank (CDE)
Analysts at Scotiabank increased their price objective on shares of Coeur Mining (NYSE:CDE) from $5.00 to $6.00 in a research report issued to clients and investors on Tuesday, AR Network reports. Scotiabank’s price objective indicates a potential downside of 51.73% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Coeur Mining (NYSE:CDE) from an “underperform” rating to a “neutral” rating in a research note to investors on Monday. They now have a $13.50 price target on the stock. Separately, analysts at Raymond James initiated coverage on shares of Coeur Mining (NYSE:CDE) in a research note to investors on Thursday, September 19th. They set an “outperform” rating and a $18.00 price target on the stock. Finally, analysts at BB&T Corp. initiated coverage on shares of Coeur Mining (NYSE:CDE) in a research note to investors on Thursday, September 5th. They set a “hold” rating on the stock. They noted that the move was a valuation call.
Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.72.
Coeur Mining (NYSE:CDE) traded down 2.97% on Tuesday, hitting $12.43. 3,275,835 shares of the company’s stock traded hands. Coeur Mining has a 52-week low of $11.29 and a 52-week high of $31.97. The stock has a 50-day moving average of $14.32 and a 200-day moving average of $14.68. The company’s market cap is $1.263 billion.
Coeur Mining (NYSE:CDE) last announced its earnings results on Thursday, August 8th. The company reported ($0.35) EPS for the quarter, missing the Thomson Reuters 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. The company’s quarterly revenue was down 19.6% on a year-over-year basis. Analysts expect that Coeur Mining will post $-0.55 EPS for the current fiscal year.
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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