Sterne Agee Initiates Coverage on Coeur d Alene Mines Corp (CDE)

Investment analysts at Sterne Agee assumed coverage on shares of Coeur d Alene Mines Corp (NYSE: CDE) in a note issued to investors on Wednesday. The firm set a “buy” rating on the stock.

Shares of Coeur d Alene Mines Corp traded down 4.89% during mid-day trading on Wednesday, hitting $16.53. Coeur d Alene Mines Corp has a 52 week low of $19.30 and a 52 week high of $32.09. The company has a market cap of $1.486 billion and a P/E ratio of 18.49.

A number of other firms have also recently commented on CDE. Analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Coeur d Alene Mines Corp in a research note to investors on Thursday, May 24th. They now have a $31.50 price target on the stock. Analysts at TheStreet downgraded shares of Coeur d Alene Mines Corp to a “hold” rating in a research note to investors on Wednesday, March 7th.

Coeur d’Alene Mines Corporation (Coeur) is a silver producer with gold assets located in North America.

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