Coeur Mining price target raised to $8 from $7.50 at BMO Capital

BMO Capital analyst Kevin O’Halloran raised the firm’s price target on Coeur Mining to $8 from $7.50 and keeps an Outperform rating on the shares. The firm’s Rochester site visit in Nevada last week showcased the sit expansion that is operating at full capacity, the analyst tells investors in a research note. BMO adds that it was impressed by the flexibility built into the new crushing corridor, while the discussions during the visit highlighted opportunities for further upside from items such as optimizing crush sizes and adding higher grades to the mine plan.