Coeur Mining price target raised to $7.25 from $5.60 at Roth MKM

Roth MKM raised the firm’s price target on Coeur Mining to $7.25 from $5.60 and keeps a Buy rating on the shares. The company’s announcement that the Rochester Mine had achieved targeted run rates for its expansion is a significant milestone that should position Coeur to demonstrate improved cash flow in the second half of this year and warrants a higher valuation multiple, the analyst tells investors in a research note.