Coeur Mining price target lowered to $3.50 from $4 at National Bank

National Bank lowered the firm’s price target on Coeur Mining to $3.50 from $4 but keeps an Outperform rating on the shares. The firm has updated its model to include the company’s Q4 financials and 2024 guidance while noting that it has reduced its Rochester ramp-up estimates to better align with the company messaging, expecting a weak Q1 to be offset by stronger second half, the analyst tells investors in a research note.