Coeur Mining initiated with a Buy at Roth MKM

Roth MKM analyst Joe Reagor initiated coverage of Coeur Mining with a Buy rating and $5.40 price target. The analyst believes Coeur is nearing the end of a higher capital intensity period and is “on the cusp of significant production and cash flow growth.” The company’s operational performance and improved financial results should drive a higher valuation in 2024 and beyond, the analyst tells investors in a research note.