Noble Financial analyst Mark Reichman maintained a Buy rating on Coeur Mining (NYSE: CDE) today. The company’s shares opened today at $5.75.
According to TipRanks.com, Reichman is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -10.5% and a 19.6% success rate. Reichman covers the Basic Materials sector, focusing on stocks such as Endeavour Silver Corp, Great Panther Silver, and Avino Silver & Gold.
Currently, the analyst consensus on Coeur Mining is a Moderate Buy with an average price target of $8, a 39.1% upside from current levels. In a report issued on October 10, BMO Capital also maintained a Buy rating on the stock with a $8 price target.
.
See today’s analyst top recommended stocks >>
Based on Coeur Mining’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $2.93 million. In comparison, last year the company had a GAAP net loss of $16.65 million.
Based on the recent corporate insider activity of 49 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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, San Bartolome, Rochester, Kensington, Wharf and Silvertip.
