Cantor Fitzgerald upgraded Coeur Mining (CDE) to Speculative Buy from Hold with an unchanged price target of $7.25, following Q3 results the firm would characterize as “positive.” EPS and cash flow per share beat estimates, production is tracking well with reiterated 2024 guidance, debt reduction is in progress, and Rochester is on track to achieve its year end throughput and production targets, the analyst tells investors in a post-earnings note.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CDE:
- Coeur Mining upgraded to Speculative Buy from Hold at Cantor Fitzgerald
- Coeur Mining reports Q3 adjusted EPS 12c, consensus 7c
- Coeur Mining backs FY24 gold production view 95,000-103,000 ounces
- CDE Upcoming Earnings Report: What to Expect?
- Coeur Mining call volume above normal and directionally bullish