JPMorgan Chase & Co. Reiterates Neutral Rating for Coeur Mining (CDE)
Coeur Mining (NYSE:CDE)‘s stock had its “neutral” rating restated by stock analysts at JPMorgan Chase & Co. in a report issued on Friday. They currently have a $8.50 target price on the stock, down from their previous target price of $10.00. JPMorgan Chase & Co.’s price target would suggest a potential upside of 6.65% from the stock’s previous close.
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’s 50-day moving average is $8.49 and its 200-day moving average is $9.1. The company’s market cap is $824.8 million.
Coeur Mining (NYSE:CDE) last released its earnings data 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. On average, analysts predict that Coeur Mining will post $-0.99 earnings per share for the current fiscal year.
CDE has been the subject of a number of other recent research reports. 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. Separately, 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 Dundee Securities reiterated a “sell” rating on shares of Coeur Mining in a research note on Monday, August 4th. Eight analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average target price of $8.63.
In other Coeur Mining news, CEO Mitchell J. Krebs purchased 10,000 shares of Coeur Mining stock on the open market in a transaction dated Friday, August 8th. The stock was purchased at an average price of $7.74 per share, with a total value of $77,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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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