Dundee Securities Lowers Coeur Mining Price Target to $8.50 (CDE)
Dundee Securities lowered their price target on shares of Coeur Mining (NYSE:CDE) from $9.00 to $8.50 in a research note issued on Friday, American Banking and Market News reports. Dundee Securities’ target price suggests a potential downside of 22.37% from the stock’s previous close.
A number of other firms have also recently commented on CDE. Analysts at Cormark downgraded shares of Coeur Mining to a “market perform” rating in a research note to investors on Friday, January 10th. Analysts at Raymond James cut their price target on shares of Coeur Mining from $18.00 to $17.00 in a research note to investors on Friday, November 8th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $11.83.
Coeur Mining (NYSE:CDE) traded up 0.82% on Friday, hitting $11.04. 1,614,944 shares of the company’s stock traded hands. Coeur Mining has a 1-year low of $9.93 and a 1-year high of $24.89. The stock has a 50-day moving average of $10.6 and a 200-day moving average of $12.35. The company’s market cap is $1.110 billion.
Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by $0.01. Analysts expect that Coeur Mining will post $-0.68 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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