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RBC Capital Remains a Buy on Coeur Mining (CDE)

Tipranks - Tipranks - Tue May 12, 9:00PM CDT

In a report released yesterday, Josh Wolfson from RBC Capital maintained a Buy rating on Coeur Mining, with a price target of $26.00.

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According to TipRanks, Wolfson is a 5-star analyst with an average return of 22.4% and a 66.46% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Royal Gold, and OR Royalties.

In addition to RBC Capital, Coeur Mining also received a Buy from ATB Cormark Capital Markets’s Richard Gray in a report issued on May 8. However, on May 7, Cantor Fitzgerald downgraded Coeur Mining (NYSE: CDE) to a Hold.

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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 $856.19 million and a net profit of $246.76 million. In comparison, last year the company earned a revenue of $360.06 million and had a net profit of $33.35 million

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