Coeur Mining eyes 67% upside, Scotiabank forecasts million-ounce production milestone

Scotiabank reinstated research coverage of Coeur Mining (CDE) with a Sector Outperform rating.

Analyst Eric Winmill set a price target of $27.50 per share. This target represents a potential upside of approximately 67% from current levels.

The bank expects Coeur Mining to exceed one million gold-equivalent ounces in production this year. This growth follows strategic acquisitions and expansions across the United States, Canada, and Mexico.