Coeur Mining Rating Reiterated by Scotia Bank (CDE)
Coeur Mining (NYSE:CDE)‘s stock had its “sector unperformer” rating reaffirmed by investment analysts at Scotia Bank in a note issued to investors on Friday. They currently have a $6.00 target price on the stock, down from their previous target price of $6.25. Scotia Bank’s target price indicates a potential downside of 24.72% from the company’s current price.
Coeur Mining (NYSE:CDE) opened at 7.97 on Friday. 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 $8.49 and its 200-day moving average is $9.1. The company’s market cap is $825.1 million.
Coeur Mining (NYSE:CDE) last announced its earnings results on Thursday, August 7th. The company reported ($0.31) earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted ($0.35) earnings per share. Coeur Mining’s revenue was down 19.5% compared to the same quarter last year. Analysts expect that Coeur Mining will post $-1.00 EPS for the current fiscal year.
In other Coeur Mining news, CEO Mitchell J. Krebs purchased 10,000 shares of Coeur Mining stock on the open market in a transaction that occurred on Friday, August 8th. The shares were purchased at an average cost of $7.74 per share, with a total value of $77,400.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
CDE has been the subject of a number of other recent research reports. 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. Finally, 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. Eight equities research analysts have rated the stock with a hold rating, Coeur Mining presently has a consensus rating of “Hold” and a consensus 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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