Coeur D'Alene (NYSE:CDE), Other Miners, Considered Potential Takeover Targets

With the failure of giant mining companies to secure mergers and acquisitions recently, it seems miners like Coeur d'Alene Mines Corporation (NYSE:CDE) are considered as major acquisition targets in an industry that wants to grow through acquisition, as organic growth is getting more difficult because of limited resources.

RBC has taken aim at Coeur d'Alene Mines, upgrading them from "Underperform" to "Sector Perform," and we should see a number of these types of upgrades happening with the smaller miners who will help with expansion, but not at the cost of tightening and more expensive credit.

Coeur d'Alene Mines, based in Idaho, mines primarily for gold and silver, but also has secondary metal production such as zinc and lead.

The miner closed Friday at $23.48, increasing by $1.26, or 5.67 percent. RBC raised their price target on them from $22 to $27.