BMO Capital Thinks Coeur Mining’s Stock is Going to Recover

By Ryan Adsit

In a report issued on June 28, David Gagliano from BMO Capital reiterated a Buy rating on Coeur Mining (NYSE: CDE), with a price target of $11. The company’s shares closed yesterday at $8.58, close to its 52-week high of $16.41.

According to, Gagliano is a 4-star analyst with an average return of 4.2% and a 51.5% success rate. Gagliano covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Stillwater Mining Company.

Currently, the analyst consensus on Coeur Mining is Strong Buy and the average price target is $12.33, representing a 43.7% upside.

In a report issued on June 14, Roth Capital also reiterated a Buy rating on the stock with a $13 price target.

Coeur Mining’s market cap is currently $1.56B and has a P/E ratio of 15.23. The company has a book value ratio of 1.9796.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is neutral on the stock. Most recently, in May 2017, Robert Mellor, the Chairman (non-executive) of CDE bought 1,000 shares for a total of $8,520.

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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.