Coeur Mining price target raised to $8.50 from $8 at Roth MKM

Roth MKM raised the firm’s price target on Coeur Mining to $8.50 from $8 and keeps a Buy rating on the shares. Having attended a site tour to the company’s Rochester mine in Nevada, the firm has come away impressed with the scale of the recent expansion, the analyst tells investors in a research note. The most significant takeaway from the tour was that the expansion is complete and that the mine appears poised to contributed significant free cash flow in the years ahead, the firm added.