Friday, April 30, 2021

Coeur Mining (CDE)
Moving to the Sidelines; Rating Lowered

Coeur Mining Inc is a metals producer focused on mining precious minerals in the Americas. It is involved in 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 the company are palmarejo, rochester, wharf, and kensington. Its projects are located in the United States, Canada and Mexico, and North America.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

First quarter 2021 financial results. Coeur reported first quarter adjusted earnings of $13.9 million, or $0.06 per share, compared with a loss of $919 thousand, or $0.00 per share during the prior year period. Adjusted EBITDA were $65.9 million versus $46.5 million during the first quarter of 2020. We had forecast earnings of $11.7 million, or $0.05 per share, and EBITDA of $53.0 million. Unadjusted EPS and EBITDA were $0.01 and $49.7 million.


Updating estimates.  We have lowered our 2021 EPS and EBITDA estimates to $0.45 and $293.4 million from $0.55 and $320.1 million. While the company has maintained its 2021 production guidance, we have lowered our estimates within the company’s guidance ranges …

This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the 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.