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Noble Financial Thinks Coeur Mining’s Stock is Going to Recover


In a report released yesterday, Mark Reichman from Noble Financial maintained a Buy rating on Coeur Mining (NYSE: CDE). The company’s shares opened today at $5.43, close to its 52-week low of $5.04.

According to TipRanks.com, Reichman is ranked 0 out of 5 stars with an average return of -10.3% and a 14.0% success rate. Reichman covers the Basic Materials sector, focusing on stocks such as Endeavour Silver Corp, Great Panther Silver, and Avino Silver & Gold.

Coeur Mining has an analyst consensus of Moderate Buy, with a price target consensus of $8, which is a 47.3% 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.

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The company has a one-year high of $9.16 and a one-year low of $5.04. Currently, Coeur Mining has an average volume of 2.9M.

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.