BMO Capital analyst Kevin O’Halloran maintained a Buy rating on Coeur Mining yesterday and set a price target of $23.00.
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Kevin O’Halloran has given his Buy rating due to a combination of factors that highlight Coeur Mining’s strong financial performance and strategic positioning. The company’s third-quarter earnings per share matched expectations, while its revenue exceeded forecasts, demonstrating robust financial health. Additionally, Coeur Mining’s free cash flow has accelerated significantly, driven by higher metal prices, which has more than doubled its cash balance and allowed for substantial debt repayment.
Furthermore, Coeur Mining has refined its production guidance, with positive adjustments in most operations offsetting challenges at the Rochester site. The company’s strategic buyback of shares and the expectation of achieving a net cash position by year-end further bolster its financial outlook. With the Rochester expansion reaching full production capacity and improved cash flows anticipated, Coeur Mining is well-positioned for future growth, making it an attractive investment opportunity.
In another report released on October 23, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $20.50 price target.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CDE in relation to earlier this year.