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Stock Market & Financial Investment News

News Breaks
February 13, 2013
06:06 EDTCDECoeur d’Alene Mines makes proposal to acquire Orko Silver for C$384M
Coeur d'Alene Mines confirmed that it has submitted a binding proposal to acquire all of the issued and outstanding common shares of Orko Silver in a transaction with a total value of approximately C$384M. Orko announced that its board has unanimously determined, after receiving the advice of its financial and legal advisors, that Coeur's Proposal constitutes a "Superior Proposal" pursuant to its arrangement agreement with First Majestic Silver Corporation. Orko has provided notice of such determination to First Majestic. Orko also announced that under the arrangement agreement, First Majestic now has five business days to offer to amend the terms of that agreement to match Coeur's Proposal, failing which Orko will terminate the arrangement agreement with First Majestic and enter into a definitive agreement with Coeur reflecting Coeur's Proposal. Based on the closing prices of the shares of each of Coeur, Orko and First Majestic as of February 12, Coeur's Proposal implies a value of C$2.70 per Orko share. Coeur's proposal has been approved by the Coeur board and no further corporate or shareholder approvals are required by Coeur to complete the transaction. Coeur's proposal is not conditional on any financing.
News For CDE From The Last 14 Days
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February 12, 2016
09:59 EDTCDEOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aircastle (AYR) upgraded to Buy from Neutral at DA Davidson... Allegion (ALLE) upgraded to Buy from Outperform at CLSA... Bunge (BG) upgraded to Overweight from Neutral at JPMorgan... CAE (CAE) upgraded to Outperform from Market Perform at BMO Capital... Coeur Mining (CDE) upgraded on valuation, financial outlook at BMO Capital... Commerzbank (CRZBY) upgraded to Neutral from Sell at Goldman... ConAgra (CAG) upgraded to Buy from Neutral at BofA/Merrill... Equifax (EFX) upgraded to Buy from Hold at Deutsche Bank... Fresenius SE (FSNUY) upgraded to Buy from Hold at Berenberg... IAC (IAC) upgraded on share repurchase prediction at Stifel... IAMGOLD (IAG) upgraded to Neutral from Sell at Goldman... Louisiana-Pacific (LPX) upgraded to Neutral from Underperform at DA Davidson... Pandora (P) upgraded to Outperform from Market Perform at FBR Capital... Quintiles (Q) upgraded to Buy from Hold at Deutsche Bank... Quotient Technology (QUOT) upgraded to Buy from Hold at Craig-Hallum... Suncor (SU) upgraded to Buy from Neutral at Citi... Time Inc. (TIME) upgraded to Buy from Hold at Gabelli... Vonage (VG) upgraded to Outperform from Sector Perform at FBN Securities... Web.com (WEB) upgraded to Buy from Neutral at SunTrust.
07:59 EDTCDECoeur Mining upgraded on valuation, financial outlook at BMO Capital
As noted earlier, BMO Capital upgraded Coeur to Market Perform from Underperform. As reasons for the upgrade, the firm cited what it sees as the company's more favorable valuation, declining cash burn rate, and likely ability to repay its debt in 2021. Target to $3.50 from $2.
February 11, 2016
21:50 EDTCDECoeur Mining upgraded to Market Perform from Underperform at BMO Capital
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February 10, 2016
17:34 EDTCDECoeur Mining reports year-end mineral reserves down 88.5M to 302.2M
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17:22 EDTCDECoeur Mining sees FY16 silver production of 14.6M-16.0M ounces
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17:18 EDTCDECoeur Mining reports Q4 adjusted EPS (27c), consensus (17c)
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