In a report released on October 4, Michael Siperco from RBC Capital maintained a Buy rating on Coeur Mining (CDE – Research Report), with a price target of $4.00. The company’s shares closed yesterday at $2.11.
Siperco covers the Basic Materials sector, focusing on stocks such as Pan American Silver, SilverCrest Metals, and Coeur Mining. According to TipRanks, Siperco has an average return of -8.7% and a 29.03% success rate on recommended stocks.
Coeur Mining has an analyst consensus of Strong Buy, with a price target consensus of $3.83, an 81.52% upside from current levels. In a report released on September 25, Cormark Securities also upgraded the stock to a Buy with a $3.75 price target.
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CDE market cap is currently $773.4M and has a P/E ratio of -10.28.
Based on the recent corporate insider activity of 44 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 (CDE) Company Description:
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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