Coeur Mining Gets a Hold Rating from Noble Financial

By Ryan Adsit

In a report released yesterday, Michael Heim from Noble Financial reiterated a Hold rating on Coeur Mining (NYSE: CDE). The company’s shares opened today at $9.35.

According to TipRanks.com, Heim is ranked 0 out of 5 stars with an average return of -18.9% and a 22.2% success rate. Heim covers the Basic Materials sector, focusing on stocks such as Magellan Petroleum Corp, Miller Energy Resources, and Endeavour Silver Corp.

Coeur Mining has an analyst consensus of Strong Buy, with a price target consensus of $11.94.

Based on Coeur Mining’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $174 million and GAAP net loss of $10.96 million. In comparison, last year the company earned revenue of $181 million and had a net profit of $14.5 million.

Based on the recent corporate insider activity of 39 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, 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 Coeur Capital.