Coeur Mining price target raised to $7 from $6.25 at Raymond James

Raymond James raised the firm’s price target on Coeur Mining to $7 from $6.25 and keeps a Market Perform rating on the shares after visiting the expanded Rochester Mine, the company’s largest asset. Following a multiyear process, including moving infrastructure, constructing a new Stage VI leach pad and a new Merrrill-Crowe plant during Covid, at a capital cost of $730M, Coeur Mining successfully commissioned and ramped up the new three stage circuit and achieved commercial production in 2024, and initial recoveries are “encouraging,” though sufficient data won’t be available until later in 2025, the analyst tells investors in a research note.