Thursday, October 14, 2021

Coeur Mining (CDE)
Trimming 2021 Estimates; Still A Few Pieces to Fall Into Place

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.

Updating estimates. We have lowered our 2021 EPS and EBITDA estimates to $0.18 and $237.1 million from $0.21 and $249.0 million, respectively, due to lower commodity price assumptions. Our 2021 revenue estimate is $845.6 million versus our prior estimate of $875.3 million. We forecast 2022 revenue, EBITDA, and EPS of $931.6 million, $279.2 million, and $0.35, respectively.


Third quarter earnings release.  Coeur will report third quarter operational and financial results after the market close on October 27 and will host a conference call for investors on October 28 at 11:00 am ET. We think Coeur could announce some new management appointments and will provide updates on the Rochester expansion and Silvertip …

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.