Coeur Mining Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:CDE)
Shares of Coeur Mining (NYSE:CDE) have received an average rating of “Hold” from the eleven brokerages that are covering the company, Analyst RN reports. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $10.75.
Shares of Coeur Mining (NYSE:CDE) traded down 2.52% during mid-day trading on Monday, hitting $8.929. 261,498 shares of the company’s stock traded hands. Coeur Mining has a 52 week low of $6.62 and a 52 week high of $16.95. The stock’s 50-day moving average is $8.04 and its 200-day moving average is $9.48. The company’s market cap is $924.4 million.
Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, May 7th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.12. The company had revenue of $159.60 million for the quarter, compared to the consensus estimate of $164.45 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. Analysts expect that Coeur Mining will post $-1.03 EPS for the current fiscal year.
A number of research firms have recently commented on CDE. Analysts at Deutsche Bank downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a research note on Monday, July 7th. They now have a $11.00 price target on the stock, down previously from $13.00. Separately, analysts at BMO Capital Markets upgraded shares of Coeur Mining from an “underperform” rating to a “market perform” rating in a research note on Tuesday, June 24th. They now have a $9.50 price target on the stock, up previously from $7.00. Finally, analysts at Cowen and Company raised their price target on shares of Coeur Mining from $9.42 to $10.49 in a research note on Tuesday, June 24th. They now have a “market perform” rating on the stock.
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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