Coeur Mining (CDE) : 10 analysts are covering Coeur Mining (CDE) and their average rating on the stock is 2.6, which is read as a Hold. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Coeur Mining (CDE) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Coeur Mining (CDE) : The highest short term price target forecast on Coeur Mining (CDE) is $14 and the lowest target price is $4. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $9.29 with a standard deviation of $3.91.
Coeur Mining (NYSE:CDE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.69 and $11.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.20, notching a gain of 7.02% for the day. The total traded volume was 7,909,374 . The stock had closed at $11.40 on the previous day.
Also, Brokerage firm Raymond James upgrades its rating on Coeur Mining (NYSE:CDE). The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on June 27, 2016. The company shares have rallied 117.14% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $11.53 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $8.84 and the 200 Day Moving Average price is recorded at $5.61.
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.