RBC Capital Sticks to Its Buy Rating for Coeur Mining (CDE)

In a report released on March 28, Michael Siperco from RBC Capital maintained a Buy rating on Coeur Mining (CDE – Research Report), with a price target of $4.50. The company’s shares closed last Thursday at $3.77.

According to TipRanks, Siperco is an analyst with an average return of -2.8% and a 45.60% success rate. Siperco covers the Basic Materials sector, focusing on stocks such as SSR Mining, Alamos Gold, and Eldorado Gold.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Coeur Mining with a $3.81 average price target.

Based on Coeur Mining’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $262.09 million and a GAAP net loss of $25.51 million. In comparison, last year the company earned a revenue of $210.12 million and had a net profit of $49.09 million

Based on the recent corporate insider activity of 53 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.