Brokerage Firm Rating Update on Coeur Mining (CDE)

Coeur Mining (CDE) : The consensus on Coeur Mining (CDE) based on 9 analyst recommendation on the company stock is 2.44, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 analyst believes that the stock is a Buy, which can produce decent returns in the future. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Coeur Mining (CDE) : The highest level Coeur Mining (CDE) is projected to reach is $18 for the short term and the lowest estimate is at $6. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $13.08 and the possibility the share price can swing is $4.85.


Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm CIBC upgrades its rating on Coeur Mining (NYSE:CDE). Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on August 30, 2016.

Coeur Mining (NYSE:CDE): The stock opened at $14.89 and touched an intraday high of $14.98 on Wednesday. During the day, the stock corrected to an intraday low of $14.425, however, the bulls stepped in and pushed the price higher to close in the green at $14.94 with a gain of 0.27% for the day. The total traded volume for the day was 5,920,104. The stock had closed at $14.9 in the previous trading session.

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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