Coeur Mining (CDE) Receives Price Target

Coeur Mining (CDE) : The most positive equity analysts on Coeur Mining (CDE) expects the shares to touch $18, whereas, the least positive believes that the stock will trade at $6 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $13.08 with an expected fluctuation of $4.85 from the mean.

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.


Also, In the latest statement by the brokerage house, RBC Capital upgrades its outlook on Coeur Mining (NYSE:CDE). The current rating of the shares is Outperform, according to the research report released by the firm. Previously, the company had a rating of Sector Perform. The rating by the firm was issued on July 14, 2016.

Coeur Mining (NYSE:CDE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.58 and $12.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.05, notching a gain of 2.43% for the day. The total traded volume was 6,823,137 . The stock had closed at $12.74 on the previous day.

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.

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