Coeur Mining (CDE) : 2 brokerage houses believe that Coeur Mining (CDE) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Coeur Mining (CDE). Zacks Investment Research suggests a Buy with a rank of 2. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 9 Wall Street Analysts endorse the stock as a Buy with a rating of 2.44.
Coeur Mining (CDE) : 7 investment research analysts covering Coeur Mining (CDE) have an average price target of $13.08 for the near short term. The highest target price given by the Brokerage Firm to the stock is $18 and the lowest target is $6 for the short term. Analysts expect the variance to be within $4.85 of the average price.
Also, Equity analysts at the Brokerage firm CIBC upgrades its rating on Coeur Mining (NYSE:CDE). Earlier, the shares were rated a Underperform by the brokerage firm. The rating by the firm was issued on August 30, 2016.
Coeur Mining (NYSE:CDE): After opening at $12.16, the stock dipped to an intraday low of $11.62 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $12.61 and the buying power remained strong till the end. The stock closed at $12.36 for the day, a gain of 1.81% for the day session. The total traded volume was 8,774,551. The stocks close on the previous trading day was $12.14.
Coeur Mining, Inc. (Coeur) is a silver producer. The Company has gold production and mines located in the United States, Mexico and Bolivia; a silver interest in Australia, and exploration projects in Mexico and Argentina. The Companys segments include Palmarejo, San Bartolome, Rochester, Kensington, La Preciosa and Coeur Capital. The Palmarejo surface and underground silver and gold mine, owned and operated by Coeur Mexicana, is located in the state of Chihuahua, Mexico. The San Bartolome silver mine, operated by Manquiri, is located on the flanks of the Cerro Rico Mountain. The Rochester mine is an open pit silver and gold mine located in Pershing County, Nevada. The Kensington underground gold mine is located on the east side of the Lynn Canal. La Preciosa is an advanced-stage silver and gold exploration project located around 52 miles northeast of the city of Durango in Durango State, Mexico. Coeur Capital holds the Endeavor silver stream and other precious metals royalties.