Coeur Mining initiated with a Buy at TD Securities

TD Securities initiated coverage of Coeur Mining (CDE) with a Buy rating and $7 price target Coeur represents a “compelling proposition” among the silver producers with the ramp up of Rochester and recent SilverCrest acquisition, the analyst tells investors in a research note. The firm sees potential for the two assets to help drive “peer-leading” production growth and “robust” free cash flow. TD believes Coeur’s portfolio is now well positioned given its “strong growth outlook and improving fundamentals ahead.”