11 Aug

What Do Analysts Think about Coeur Mining?

WRITTEN BY Annie Gilroy FEATURED IN Company News, Insights, & Analysis

Market sentiment

Coeur Mining (CDE) is a high-cost producer. While it has shown impressive cost-cutting in 2015, it’s still producing at higher costs than many of its peers (SIL) (RING). These higher costs make it highly leveraged to gold and silver prices compared to other low-cost producers such as Barrick Gold (ABX) and Newmont Mining (NEM).

What Do Analysts Think about Coeur Mining?

But while Coeur’s high leverage has led to an impressive price run for the stock, many analysts are worried about a potential pullback and profit-taking. They believe that Coeur’s fundamentals may not be supportive of such a huge rally. This is one of the important factors affecting Market sentiment for Coeur.

Analyst recommendations

The Market consensus rating for Coeur Mining stock is a “buy.” Of the ten analysts covering the company, 50% have given the stock a “buy” recommendation, 30% a “sell,” and 20% a “hold.”

The average target price for CDE is $14.20 compared to its current Market price of $15.90. That implies a potential downside of 10.7%. Investors should note that analysts have revised Coeur’s target price by 200% since the start of the year to reflect its high leverage to precious metal prices.

Upgrades and downgrades

After Coeur’s 2Q16 results, several analysts have increased their target prices.

  • Raymond James increased Coeur’s target price from $12.25 to $16.50, maintaining its “outperform” rating.
  • RBC Capital Markets increased Coeur’s target price from $18 to $19.
  • BMO Capital Markets increased Coeur’s target price from $14 to $18 and reiterated its “outperform” rating.

Latest articles

18 Mar

Tilray Reports Its Fourth-Quarter Earnings

WRITTEN BY Adam Jones

Tilray (TLRY) reported its quarterly earnings after the market closed. The company reported a total quarterly sales of $15.5, which increased nearly 203.8% year-over-year.

Earlier today, US tech giant Apple (AAPL) launched new versions of its iPad Air and iPad Mini. The company is set to hold a special event on March 25.

18 Mar

How Facebook Aims to Compete with Twitch

WRITTEN BY Sean Allen

Facebook has stated that over 700 million of its users play games, watch gaming videos, and engage in gaming groups on its platform.

On March 18, President Trump tweeted, “GDP growth during the four quarters of 2018 was the fastest since 2005.” Let’s look at the data.

Today, Steel Dynamics released its first-quarter earnings guidance. It expects its first-quarter EPS to be between $0.88 and $0.92.

18 Mar

Why Amazon Is Interested in YES Network

WRITTEN BY Naomi Gray

Amazon (AMZN) recently teamed up with the Yankees and other investors to purchase the YES Network.