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UPDATE: Global Hunter Securities Initiates Coeur d'Alene Mines at Accumulate on Turnaround Outlook

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Global Hunter Securities initiated coverage on Coeur d`Alene Mines (NYSE: CDE) with an Accumulate rating and a $28 price target.

Global Hunter Securities commented, "Coeur d'Alene Mines (CDE) has completed a challenging year with ground stability issues at Palmarejo, claims disputes at Rochester, the shutdown of the Martha Mine and poor performance at Kensington. However, we see CDE as a company with the potential to mount a recovery over the next 12 months by getting back to basics and meeting production expectations. We believe that the underlying assets of CDE can perform at higher levels in the coming months."

Coeur d`Alene Mines closed at $22.63 on Wednesday.

Latest Ratings for CDE

DateFirmActionFromTo
Apr 2015Scotia CapitalUpgradesUnderperformSector Perform
Apr 2015Deutsche BankUpgradesSellHold
Mar 2015CIBCAssumesSector Perform

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Posted-In: Global Hunter SecuritiesAnalyst Color Initiation Intraday Update Analyst Ratings

 

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