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Coeur Mining (CDE)
Will Recent Strength in Gold Prices Benefit Second Half Performance?
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.
- CDE reports second quarter 2019 production results. Coeur Mining reported second quarter production of 86,584 ounces of gold, 3.1 million ounces of silver, 5.3 million pounds of zinc and 5.0 million pounds of lead. While second quarter production was modestly below our expectations, management is maintaining its full year 2019 production guidance although it will require strong operating performance in the second half.
- Adjusting estimates. We are narrowing our full year 2019 loss per share estimate to ($0.29) from ($0.35) and increasing our EBITDA estimate to $151.9 million from $146.8 million. In 2020, we project...
*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.