Raymond James Raises PT on Coeur Mining, Inc (CDE), Keeps an Outperform Rating

​Coeur Mining, Inc. (NYSE:CDE) is one of the Hottest Large-Cap Stocks to Buy Now. On October 9, Brian MacArthur from Raymond James raised the firm’s price target on Coeur Mining, Inc. (NYSE:CDE) from $13.5 to $22, while keeping an Outperform rating on the stock.

​The analyst noted that the gold and silver prices are forecasted to grow, with both near and long-term price targets being raised. Moreover, the commodities have shown a strong year-to-date performance, and the ongoing economic and political uncertainty adds further upside.

​In addition to Raymond James, Michael Siperco from RBC Capital on October 7 also reiterated a Buy rating on the stock, without disclosing any price target.

​Coeur Mining, Inc. (NYSE:CDE) engages in the production of precious metals, focusing mainly on gold and silver. The company operates five wholly owned mines across the US and Mexico, including underground and open-pit gold and silver mines.

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Disclosure: None. This article is originally published at Insider Monkey.