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Friday, April 26, 2019
Coeur Mining (CDE)
Resetting Expectations: Will Our Estimates Prove To Be Conservative?
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.
- Updating estimates. We are lowering our 2019 EPS and EBITDA estimates to ($0.22) and $156.0 million, from $0.11 and $160.4 million, respectively. We have revised our estimates to reflect significantly higher non-cash amortization expense and increased our 2019 revenue estimates based on greater metal sales.
- We expect steady improvement. We believe the Coeur’s financial results could improve throughout the year as Silvertip production continues to ramp up, the Rochester mine benefits from the installation of high-pressure grinding roll technology to improve recoveries, and the Kensi...
*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.