Couer Mining (CDE) Stock Climbs, Upgraded at RBC Capital

Couer Mining (CDE) stock is jumping late Thursday morning as RBC Capital upped its rating on shares to ‘outperform’ from ‘sector perform.’
By Kaya Yurieff ,

NEW YORK (TheStreet) -- Shares of Couer Mining (CDE) - Get Report are gaining 3.38% to $13.45 late Thursday morning as RBC Capital Markets raised its rating on the stock to "outperform" from "sector perform," the Fly reports.

The firm also boosted its price target to $18 from $9 on shares of the Chicago-based gold and silver producer.

RBC Capital expects Couer Mining's fundamentals and free cash flow potential to continue to improve in the next 6 months to 12 months, according to the Fly.

The firm sees the company as a "leveraged play on precious metal prices."

The stock is rising today even though gold and silver prices are retreating.

For August delivery, gold is down 0.97% to $1,330.60 per ounce and silver is declining 0.41% to $20.33 per ounce on the COMEX late this morning.

Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.

The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and poor profit margins.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: CDE

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