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Noble Financial Thinks Coeur Mining’s Stock is Going to Recover

In a report released today, Mark Reichman from Noble Financial maintained a Buy rating on Coeur Mining (CDEResearch Report), with a price target of $4.25. The company’s shares closed last Monday at $2.84, close to its 52-week low of $2.63.

According to TipRanks.com, Reichman has 0 stars on 0-5 stars ranking scale with an average return of -6.7% and a 29.9% success rate. Reichman covers the Basic Materials sector, focusing on stocks such as Alliance Resource, Endeavour Silver, and Comstock Mining.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Coeur Mining with a $5.19 average price target.

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Based on Coeur Mining’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $188 million and net profit of $7.68 million. In comparison, last year the company earned revenue of $202 million and had a net profit of $2.06 million.

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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, Rochester, Kensington, Wharf and Silvertip. Coeur Mining was founded in 1928 and is headquartered in Chicago, IL.

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