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Fly News Breaks for October 10, 2018
CDE
Oct 10, 2018 | 07:10 EDT
BMO Capital analyst Ryan Thompson lowered his price target on Coeur Mining to $8 from $10.50, saying that shares could come under pressure following "weak" Q3 production results as well as the reported "slippage" on the timeing of Silvertip permit amendment. While the analyst keeps his Outperform rating, he states that Q4 output will have to be strong across the company's portfolio for it to achieve its production targets. Thompson also expects Coeur Mining's FY19 output to be "significantly stronger" as Silvertip continues to ramp up.
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