Coeur Mining Gets a Buy Rating from RBC Capital

By Carrie Williams

In a report released today, Stephen Walker from RBC Capital reiterated a Buy rating on Coeur Mining (NYSE: CDE), with a price target of $14. The company’s shares opened today at $9.33.

According to, Walker is a 3-star analyst with an average return of 1.5% and a 47.2% success rate. Walker covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Novagold Resources Inc New.

Currently, the analyst consensus on Coeur Mining is Moderate Buy and the average price target is $14.50, representing a 55.4% upside.

In a report released yesterday, Roth Capital also reiterated a Buy rating on the stock with a $15 price target.

The company has a one year high of $16.41 and a one year low of $6.98. Currently, Coeur Mining has an average volume of 3.94M.

Based on the recent corporate insider activity of 41 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. Earlier this month, 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. Coeur Mining was founded in 1928 and is headquartered in Chicago, IL.