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Fly News Breaks for January 21, 2020
CDE
Jan 21, 2020 | 05:41 EDT
RBC Capital analyst Mark Mihaljev downgraded Coeur Mining to Sector Perform from Outperform with a price target of $6, down from $7. The analyst believes risks remain elevated given the company's "ongoing" operational challenges at Silvertip, weaker results from Rochester, and expected increase in capital spending starting in the second half of 2020. He also finds Coeur Mining shares to be fairly valued after outpacing peers over the past year.
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