Coeur Mining Price Target Increased to $10.04 by Analysts at Cowen and Company (CDE)
Equities researchers at Cowen and Company raised their price target on shares of Coeur Mining (NYSE:CDE) from $9.64 to $10.04 in a research report issued on Friday. Cowen and Company’s target price indicates a potential upside of 25.97% from the company’s current price.
Shares of Coeur Mining (NYSE:CDE) opened at 7.97 on Friday. Coeur Mining has a 1-year low of $6.62 and a 1-year high of $16.95. The stock has a 50-day moving average of $8.49 and a 200-day moving average of $9.1. The company’s market cap is $824.8 million.
Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.31) EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted ($0.35) earnings per share. The company’s quarterly revenue was down 19.5% on a year-over-year basis. On average, analysts predict that Coeur Mining will post $-0.99 earnings per share for the current fiscal year.
In other Coeur Mining news, CEO Mitchell J. Krebs bought 10,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 8th. The stock was purchased at an average price of $7.74 per share, for a total transaction of $77,400.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of other firms have also recently commented on CDE. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Coeur Mining in a research note on Friday. They now have a $8.50 price target on the stock, down previously from $10.00. Separately, analysts at Scotia Bank reiterated a “sector unperformer” rating on shares of Coeur Mining in a research note on Friday. They now have a $6.00 price target on the stock, down previously from $6.25. Finally, analysts at Dundee Securities upgraded shares of Coeur Mining from a “sell” rating to a “neutral” rating in a research note on Friday. They now have a $8.00 price target on the stock, up previously from $7.50. Eight equities research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average price target of $8.63.
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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