National Bank starts Coeur Mining at Outperform on free cash flow inflection

As previously reported, National Bank analyst Mike Parkin initiated coverage of Coeur Mining with an Outperform rating and $4.25 price target. The company is nearing a major free cash flow inflection point due to the expected benefits coming from the nearly completed Rochester expansion, the analyst tells investors in a research note. As Rochester begins to ramp up in the second half of the year, it is expected to be a key driver in boosting silver equivalent ounce production and lowering cash costs, the firm added.