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Fly News Breaks for February 22, 2019
CDE
Feb 22, 2019 | 06:41 EDT
BMO Capital analyst Ryan Thompson downgraded Coeur Mining to Market Perform and lowered his price target to $6.00 from $6.50, citing the company's higher than expected costs and lower than expected free cash flows. The analyst adds that the recent stock price run-up has taken Coeur Mining valuation to 11.4-times expected forward earnings, which is toward the high end of its peer group.
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