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Friday, May 29, 2020
Coeur Mining (CDE)
Increasing 2021 Estimates
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, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Coeur augments leadership team. Coeur hired Mr. Michael Routledge as Senior Vice President and Chief Operating Officer effective June 1, 2020. He will assume responsibility of Coeur’s operations from Mr. Terry Smith who will serve as Senior Vice President and Chief Development Officer. In our view, Mr. Routledge’s appointment augments the leadership team to support long-term growth initiatives, including the planned expansion of Rochester, preliminary feasibility study at Silvertip and exploration activities.
Updating estimates. We are narrowing our 2020 loss per share estimate to $(0.02) from $(0.03) and increasing our 2021 EPS estimate to $0.15 from $0.12. Our 2020 and 2021 EBITDA estimates are $182.2 million and $236.8 million, respectively. The revisions are due primarily to higher commodity price and revenue assumptions. During the second quarter, gold and silver futures prices increased 7.6% and…
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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.