BMO Capital analyst Kevin O’Halloran resumed coverage of Coeur Mining (CDE) with an Outperform rating and $9 price target following a period of research restriction related to the company’s recently-completed acquisition of SilverCrest Metals. The deal adds consistent, low-cost silver-equivalent production from the Las Chispas mine to Coeur’s production portfolio, while SilverCrest’s strong treasury will also enhance the company’s balance sheet, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CDE:
- CDE Upcoming Earnings Report: What to Expect?
- Coeur Mining Completes Acquisition of SilverCrest Metals
- Coeur Mining Expands Board and Prepares for SilverCrest Arrangement
- SilverCrest Metals’ acquisition by Coeur receives Mexican anti-trust approval
- Coeur Mining files automatic mixed securities shelf