Coeur Mining Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:CDE)
Coeur Mining (NYSE:CDE) has been given an average rating of “Hold” by the eleven analysts that are presently covering the stock, American Banking News reports. Eight analysts have rated the stock with a hold recommendation, The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $8.63.
CDE has been the subject of a number of recent research reports. Analysts at Cowen and Company raised their price target on shares of Coeur Mining from $9.64 to $10.04 in a research note on Friday, August 8th. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Coeur Mining in a research note on Friday, August 8th. They now have a $8.50 price target on the stock, down previously from $10.00. Finally, analysts at Scotia Bank reiterated a “sector unperformer” rating on shares of Coeur Mining in a research note on Friday, August 8th. They now have a $6.00 price target on the stock, down previously from $6.25.
Coeur Mining (NYSE:CDE) opened at 7.75 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 $8.29 and its 200-day moving average is $8.9. The company’s market cap is $801.9 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. On average, analysts predict that Coeur Mining will post $-1.02 earnings per share for the current fiscal year.
In other Coeur Mining news, CEO Mitchell J. Krebs purchased 10,000 shares of Coeur Mining stock in a transaction dated Friday, August 8th. The shares were purchased at an average cost of $7.74 per share, for a total transaction of $77,400.00. The acquisition was disclosed in a filing with the SEC, which is available at 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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