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Friday, May 3, 2019
Coeur Mining (CDE)
Should Investors Count On A Better Second Half?
Coeur Mining Inc is a metals producer focused on mining precious minerals in the Americas. The company is involved on the discovery and mining of gold and silver, and generates the vast majority of revenue from the sale of these precious metals. The operating mines of company are palmarejo, rochester, wharf, and kensington.
Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- EBITDA in line with our estimate. Coeur Mining reported adjusted EBITDA of $26.1 million versus $49.2 million during the first quarter of 2018 and our estimate of $26.0 million. The company reported a first quarter adjusted loss of ($0.11) per share, compared to $0.00 during the prior year period and our estimate of ($0.07).
- Updating estimates. We now forecast a 2019 loss of ($0.35) per share and EBITDA of $146.8 million versus our previous estimates of ($0.22) and $156.0 million. In 2020, we project a loss of ($0.05) per share and EBITDA of $205.1 mill...
*Analyst certification and important disclosures included in full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.