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.
Latest Ratings for CDE
|Nov 2014||CIBC||Downgrades||Sector Perform||Sector Underperform|
|Oct 2014||BMO Capital||Downgrades||Market Perform||Underperform|
|Oct 2014||JP Morgan||Maintains||Neutral|
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