In a report released on August 14, Michael Siperco from RBC Capital maintained a Hold rating on Coeur Mining (CDE – Research Report), with a price target of $4.00. The company’s shares closed yesterday at $2.32.
Siperco covers the Basic Materials sector, focusing on stocks such as Pan American Silver, SSR Mining, and SilverCrest Metals. According to TipRanks, Siperco has an average return of -7.1% and a 34.72% success rate on recommended stocks.
Coeur Mining has an analyst consensus of Moderate Buy, with a price target consensus of $4.00.
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Based on Coeur Mining’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $177.24 million and a GAAP net loss of $32.41 million. In comparison, last year the company earned a revenue of $204.12 million and had a GAAP net loss of $77.43 million
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CDE in relation to earlier this year.
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Coeur Mining, Inc. engages in the exploration and development of silver and gold mining properties and mines located in United States, Mexico, Bolivia, Argentina and Australia. The company operates through the following segments: Palmarejo complex, Rochester, Kensington, Wharf and Silvertip. Coeur Mining was founded in 1928 and is headquartered in Chicago, IL.
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