Last Updated: 13 Sep 2024
Executive Summary
Coeur Mining Inc. (CDE) is a precious metals mining company with operations in the United States, Canada, and Mexico. The company has a market capitalization of $2.73 billion and a trailing twelve-month (TTM) revenue of $891.8 million. CDE's recent financial performance has been mixed, with a loss per share (EPS) of -$0.19 in the latest quarter. However, analysts remain optimistic about the company's long-term prospects, with a consensus target price of $7.14.
Company Overview
Coeur Mining Inc. was founded in 1956 and is headquartered in Chicago, Illinois. The company's primary operations are in gold and silver mining, with a focus on the United States. CDE has a portfolio of mines and projects, including the Rochester mine in Nevada, the Palmarejo mine in Mexico, and the Kensington mine in Alaska.
Fundamental Analysis
CDE's financial performance has been impacted by the recent decline in precious metal prices. In the latest quarter, the company reported a net loss of $37.8 million, or -$0.19 per share. Revenue for the quarter was $222.9 million, a 2.5% increase year-over-year.
Despite the recent challenges, analysts remain optimistic about CDE's long-term prospects. The company has a strong balance sheet with $224.4 million in cash and equivalents and no long-term debt. CDE also has a number of promising projects in its pipeline, including the La Preciosa project in Mexico and the Crown project in the United States.
Technical Analysis
CDE's stock price has been trading in a range between $6.06 and $6.99 over the past 52 weeks. The stock is currently trading at $6.85, near the top of its recent range. The 50-day moving average is $6.06, and the 200-day moving average is $4.462.
The relative strength index (RSI) is currently at 62.5, indicating that the stock is overbought. This suggests that CDE's stock price may be due for a pullback in the short term.
Short Term Outlook
In the short term, CDE's stock price is likely to be impacted by the overall market sentiment and the price of precious metals. If the market continues to decline and precious metal prices remain low, CDE's stock price could pull back. However, if the market stabilizes and precious metal prices rebound, CDE's stock price could move higher.
Long Term Outlook
In the long term, CDE's prospects are tied to the price of precious metals. If precious metal prices continue to rise, CDE's stock price is likely to benefit. The company also has a number of promising projects in its pipeline, which could provide additional growth opportunities in the future.
Analyst Recommendations
Analysts are generally positive on CDE's long-term prospects. The consensus target price is $7.14, which represents a potential upside of 4.2% from the current price. Eight analysts have a "buy" rating on the stock, while one has a "hold" rating. No analysts have a "sell" rating on the stock.
