Raymond James lowered the firm’s price target on Coeur Mining (CDE) to $21 from $22 and keeps an Outperform rating on the shares. Coeur has a diversified portfolio of four mines with lower jurisdictional risk and growth and is one of the world’s largest primary silver producers and is a significant producer of gold, the analyst tells investors in a research note. The company has an aggressive exploration budget to improve its reserve life, Raymond James says.
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