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Fly News Breaks for February 28, 2020
Feb 28, 2020 | 08:56 EDT
B. Riley FBR analyst Adam Graf upgraded Coeur Mining to Buy from Neutral with a price target of $7.90, up from $7.80. Shares of Coeur are down over 40% since January 1, in part due to the announcement of a write-down and temporary suspension of the troubled Silvertip silverzinc-lead mine, Graf tells investors in a research note. The analyst, however, believes his valuation remains intact, "especially in light of strong gold price performance and expectations from CDE's three gold operations." He sees an attractive entry point amidst the negative investor sentiment.
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