BMO Capital analyst Kevin O’Halloran resumed coverage of Coeur Mining (CDE) with an Outperform rating with a price target of $27, up from $23. The company has completed its acquisition of New Gold, adding the New Afton and Rainier River mines in Canada, the analyst tells investors in a research note. The combined company features significantly enhanced scale with strong North American mining jurisdictions, and the firm expects significant free cash flow generation, BMO added.
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