J.P. Morgan: Coeur d'Alene's Management Improvements Underway
In a research report published this morning by J.P. morgan, Coeur d'Alene's (NYSE: CDE) management is currently focused on improving operations.
According to J.P. Morgan, "We are hopeful the company will generate returns on its $40m exploration spend this year. We were genuinely pleased with the progress the company has made under new CEO Mitch Krebs and wish him well in using this period of bumper profits to further strengthen the company."
J.P. Morgan maintains its Neutral rating and $31 PT on Coeur d'Alene, which closed Friday at $18.26.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.