Jefferies Raises PT On CDE To $44

Jefferies has raised its price target on Coeur d'Alene Mines CDE from $42 to $44 to reflect long-term silver price estimates. Says Jefferies, in its report, “Coeur is poised to report very strong volume and margins, now that all three new, long life silver and gold mines are in production. We have raised our price target to $44 to reflect our new 2011-12 and long-term silver price estimates, and Coeur's strong production and free cash flow growth. Remains our top silver pick within our universe.” Jefferies maintains its Buy rating on the stock. CDE closed at $30.85 yesterday.