Coeur Mining Stock Rating Upgraded by Dundee Securities (CDE)
Coeur Mining (NYSE:CDE) was upgraded by analysts at Dundee Securities from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Friday. The firm currently has a $8.00 target price on the stock, up from their previous target price of $7.50. Dundee Securities’ price target suggests a potential upside of 4.44% from the stock’s previous close.
Shares of Coeur Mining (NYSE:CDE) traded up 2.22% during mid-day trading on Friday, hitting $7.83. 119,079 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 has a 50-day moving average of $8.49 and a 200-day moving average of $9.12. The company’s market cap is $810.3 million.
Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.31). The company had revenue of $164.60 million for the quarter, compared to the consensus estimate of $163.19 million. During the same quarter in the previous year, the company posted ($0.35) earnings per share. The company’s revenue for the quarter was down 19.5% on a year-over-year basis. Analysts expect that Coeur Mining will post $-0.99 EPS for the current fiscal year.
A number of other firms have also recently commented on CDE. Analysts at Raymond James downgraded shares of Coeur Mining from an “outperform” rating to a “market perform” rating in a research note on Monday, July 28th. They now have a $10.00 price target on the stock, down previously from $13.50. Separately, 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. Finally, 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. Nine analysts have rated the stock with a hold rating, Coeur Mining currently has an average rating of “Hold” and an average price target of $9.28.
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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