Monday, April 15, 2019

Coeur Mining (CDE)

What Will It Take To Turn The Tide?

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.

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• CDE reports first quarter 2019 production results.  Coeur Mining reported lower than expected first quarter production of 78,336 ounces of gold, 2.5 million ounces of silver, 3.7 million pounds of zinc and 3.1 million pounds of lead.  While management indicated that first quarter production met their expectations and maintained full year 2019 production guidance, the company may have some catching up to do in subsequent quarters.   
• Adjusting estimates.  We are lowering our first quarter estimate to roughly break-even per share, compared to our prior estimate of $0.02 per share.  Our full year 2019 EPS and EBITDA estimates have been lowered to $0.11 and $160.4 million, from $0.15 and $183.3 million.  We have also reduced our 2020 EPS and EBI... 

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*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.