Coeur Mining PT Raised to $10.04 (CDE)

Coeur Mining had its price target increased by Cowen and Company from $9.64 to $10.04 in a research report sent to investors on Friday morning.

CDE has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated a neutral rating on shares of Coeur Mining in a research note on Friday. They now have a $8.50 price target on the stockdown previously from $10.00. Separately, analysts at Scotia Bank reiterated a sector unperformer rating on shares of Coeur Mining in a research note on Friday. They now have a $6.00 price target on the stock, down previously from $6.25. Finally, analysts at Dundee Securities upgraded shares of Coeur Mining from a sell rating to a neutral rating in a research note on Friday. They now have a $8.00 price target on the stock, up previously from $7.50. Eight analysts have rated the stock with a hold rating, The company presently has a consensus rating of Hold and a consensus price target of $8.63.

In other Coeur Mining news, CEO Mitchell J. Krebs acquired 10,000 shares of Coeur Mining stock in a transaction dated Friday, August 8th. The shares were purchased at an average cost of $7.74 per share, for a total transaction of $77,400.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of Coeur Mining traded up 4.77% during mid-day trading on Friday, hitting $8.35. The stock had a trading volume of 1,737,531 shares. Coeur Mining has a one year low of $6.62 and a one year high of $16.95. The stock’s 50-day moving average is $8.49 and its 200-day moving average is $9.1. The company’s market cap is $863.9 million.

Coeur Mining (NYSE:CDE) last announced its earnings results on Thursday, August 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.31). The company had revenue of $164.60 million for the quarter, compared to the consensus estimate of $163.19 million. During the same quarter in the previous year, the company posted ($0.35) earnings per share. The company’s revenue for the quarter was down 19.5% on a year-over-year basis. On average, analysts predict that Coeur Mining will post $-1.00 earnings per share for the current fiscal year.

Coeur Mining, Inc, formerly Coeur d’Alene Mines Corporation, is a silver producer with gold production and has assets located in the United States, Mexico, Bolivia, Argentina and Australia.