UPDATE: Sterne Agee Reiterates Buy Rating, Raises PT on Coeur d'Alene Mines

In a report published Monday, Sterne Agee Group reiterated its Buy rating on Coeur d'Alene Mines Corporation

, and raised its price target to $36.00. Sterne Agee noted, “We believe Coeur has developed a solid, cash flow oriented mining portfolio during the past five years while strengthening its financial, operating and industry profile. Near current prices should continue to support an improved valuation. While Bolivian and Mexican assets may face heightened investor attention, the current valuation suggests a much lower pricing deck and sustainable volume scenario.” Coeur d'Alene Mines Corporation closed on Friday at $29.06.