Paramount Gold and Silver Corp (PZG)

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Coeur Mining Rating Increased to Outperform at Cowen and Company (CDE)

December 18th, 2014

http://www.americanbankingnews.com/2014/12/18/coeur-mining-rating-increased-to-outperform-at-cowen-and-company-cde/

Coeur Mining (NYSE:CDE) was upgraded by equities researchers at Cowen and Company from a “market perform” rating to an “outperform” rating in a research report issued on Thursday.

Several other analysts have also recently commented on the stock. Analysts at CIBC downgraded shares of Coeur Mining from a “sector perform” rating to an “underperform” rating in a research note on Friday, November 14th. They now have a $2.60 price target on the stock, down previously from $5.00. Separately, analysts at Deutsche Bank downgraded shares of Coeur Mining from a “hold” rating to a “sell” rating in a research note on Thursday, November 6th. Finally, analysts at BMO Capital Markets downgraded shares of Coeur Mining from a “market perform” rating to an “underperform” rating in a research note on Wednesday, October 22nd. They now have a $4.50 price target on the stock, down previously from $9.50. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $5.83.

Coeur Mining (NYSE:CDE) opened at 4.34 on Thursday. Coeur Mining has a 1-year low of $3.37 and a 1-year high of $12.06. The stock has a 50-day moving average of $4.20 and a 200-day moving average of $6.42. The company’s market cap is $449.0 million.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.23) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.29) by $0.06. The company had revenue of $170.90 million for the quarter, compared to the consensus estimate of $162.00 million. During the same quarter in the prior year, the company posted ($0.27) earnings per share. The company’s quarterly revenue was down 14.9% on a year-over-year basis. Analysts expect that Coeur Mining will post $-1.04 EPS for the current fiscal year.

Coeur Mining, Inc, formerly Coeur d’Alene Mines Corporation, is a silver producer with gold production and has assets located in the United States, Mexico, Bolivia, Argentina and Australia