Coeur Mining Inc. Sets New 1-Year Low at $11.00 (CDE)
Coeur Mining (NYSE:CDE)’s share price reached a new 52-week low during trading hours on Wednesday, Analyst Ratings.Net reports. The company traded as low as $11.00 and last traded at $11.33, with a volume of 1,037,846 shares traded. The stock had previously closed at $11.43.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Coeur Mining in a research note to investors on Wednesday, October 2nd. They now have a $16.00 price target on the stock, down previously from $18.00. Separately, analysts at Scotiabank raised their price target on shares of Coeur Mining from $5.00 to $6.00 in a research note to investors on Tuesday, September 24th. Finally, analysts at Zacks upgraded shares of Coeur Mining from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, September 23rd. They now have a $13.50 price target on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Coeur Mining currently has a consensus rating of “Hold” and an average target price of $19.44.
Coeur Mining has a one year low of $11.29 and a one year high of $31.97. The stock has a 50-day moving average of $13.65 and a 200-day moving average of $14.13. The company’s market cap is $1.155 billion.
Coeur Mining (NYSE:CDE) last issued its quarterly earnings data 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. On average, analysts predict that Coeur Mining will post $-0.52 earnings per share 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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