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Coeur D'alene Mines (CDE)
NYSE:CDE
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Coeur Mining
(NYSE:CDE)
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Rating:79Outperform
Price Target:
$13.50
▼(-22.50% Downside)
Coeur Mining's strong financial performance and positive earnings call are the most significant factors driving the stock score. The company's robust production and cost management, along with strategic debt reduction, are key strengths. However, technical indicators suggest overbought conditions, and the high P/E ratio indicates a relatively expensive valuation, which are notable risks.
Positive Factors
Revenue Growth
Strong revenue growth indicates effective market penetration and increased demand for Coeur Mining's products, supporting long-term business expansion.
Debt Management
Reducing debt enhances financial flexibility and reduces interest burden, positioning Coeur Mining for sustainable growth and investment in future projects.
Exploration Success
Successful exploration efforts expand resource base, providing potential for increased production and revenue, strengthening Coeur Mining's competitive position.
Negative Factors
Currency Impact on Costs
Currency fluctuations can increase operational costs, affecting profitability and requiring strategic adjustments to maintain cost efficiency.
Deferred Tax Liability
Significant deferred tax liabilities can impact financial statements and require careful management to avoid future financial strain.
Silvertip Development Timeline
Delayed development of Silvertip may postpone potential revenue streams, impacting long-term growth and necessitating alternative strategies for expansion.
Coeur Mining (CDE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$11.49B
Dividend YieldN/A
Average Volume (3M)16.02M
Price to Earnings (P/E)46.2
Beta (1Y)1.76
Revenue Growth68.88%
EPS GrowthN/A
CountryUS
Employees2,116
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.20
Shares Outstanding642,715,700
10 Day Avg. Volume19,717,039
30 Day Avg. Volume16,015,067
Financial Highlights & Ratios
PEG Ratio-0.25
Price to Book (P/B)2.01
Price to Sales (P/S)2.14
P/FCF Ratio-251.59
Enterprise Value/Market Cap0.52
Enterprise Value/Revenue4.10
Enterprise Value/Gross Profit11.68
Enterprise Value/Ebitda11.02
Forecast
1Y Price Target
$13.50Price Target Upside-22.50% Downside
Rating ConsensusStrong Buy
Number of Analyst Covering5
Coeur Mining Business Overview & Revenue Model
Company DescriptionCoeur Mining, Inc. is a U.S.-based precious metals mining company focused on the production of gold and silver. The company operates several mines across North America, including in Alaska, Nevada, and Mexico, and is involved in the exploration and development of mining properties. Coeur Mining is committed to sustainable practices and environmental stewardship while delivering value to its shareholders through its operations and growth initiatives.
How the Company Makes MoneyCoeur Mining generates revenue primarily through the extraction and sale of gold and silver. The company's revenue model is based on the production of these precious metals from its mining operations, which are sold in the global market at prevailing market prices. Key revenue streams include the sale of mined metals, as well as by-products such as lead and zinc from certain operations. Coeur also engages in hedging strategies to stabilize cash flows against price fluctuations in the metals market. Significant partnerships with other mining companies and suppliers enhance operational efficiency and contribute to profitability. Additionally, the company's focus on expanding its resource base through exploration and acquisition further strengthens its revenue potential.
Coeur Mining Earnings Call Summary
Earnings Call Date:May 27, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Nov 05, 2025
Earnings Call Sentiment Positive
The earnings call highlighted strong financial performance with significant free cash flow and debt reduction, driven by robust production and cost management. Exploration results are promising, particularly at Las Chispas. However, currency impacts on costs and complexities in accounting for deferred tax liabilities were noted as challenges.Q2-2025 Updates
Positive Updates
Record Free Cash Flow and Debt Repayment
The company achieved free cash flow of $146 million, allowing for the repayment of the remaining balance on the revolving credit facility and funding initial share repurchases. Cash and cash equivalents increased by 44% compared to Q1.
Strong Production and Cost Performance
Gold and silver production increased by 25% and 27%, respectively, compared to the last quarter. Cost applicable to sales per ounce for gold and silver decreased by 5% and 6%, respectively.
Exploration Success at Las Chispas
Exploration at Las Chispas is delivering exciting results, with a significant expansion drill program underway and the Augusta vein continuing to return multi-kilo intercepts.
Repayment of Revolving Credit Facility
The company fully repaid the $110 million balance on its revolving credit facility ahead of schedule, reducing total debt significantly.
Updated Full Year Expectations
Full year expectations for adjusted EBITDA updated to over $800 million and free cash flow to more than $400 million, with potential to be in a net cash position by year-end.
Negative Updates
Currency Impact on Costs
An 8% appreciation in the Mexican peso impacted operating costs, although this was mitigated by strong cost controls.
Deferred Tax Liability Impact
The quarter included a noncash $28 million provision due to foreign exchange fluctuations related to a $336 million deferred tax liability.
Silvertip Development Timeline
Silvertip's development remains several years away, with a need to complete drilling and permitting, despite potential to expedite timelines.
Company Guidance
In the second quarter of 2025, Coeur Mining reported significant financial achievements, including a free cash flow of $146 million, which facilitated the full repayment of their revolving credit facility and initial share repurchases. The company updated its full-year expectations for adjusted EBITDA to over $800 million and free cash flow to more than $400 million. Notably, company-wide production for gold and silver is projected to increase by 20% and 62%, respectively, year-over-year. Operationally, all five sites reported strong performance, with consolidated gold and silver production rising by 25% and 27% quarter-over-quarter. Specific highlights include Las Chispas achieving nearly 1.5 million ounces of silver production and 16,000 ounces of gold, and Palmarejo generating $42 million in free cash flow. The Rochester site showed a 13% increase in silver production and a 7% rise in gold output compared to the previous quarter, with a 24% increase in crushed tons. Kensington reported a 17% increase in gold production, while Wharf achieved its second-highest gold production level in two years. Coeur's exploration efforts remain robust, with up to 27 rigs active across various sites, further supporting their growth potential.Coeur Mining Financial Statement Overview
Summary
Coeur Mining exhibits strong financial health with impressive revenue and profit growth, effective leverage management, and robust cash flow generation. The company has shown significant improvement in profitability and cash flow metrics in the TTM period. However, historical volatility in financial performance and leverage ratios suggests potential risks that need to be monitored.Income Statement
Coeur Mining's income statement shows strong performance with a significant revenue growth rate of 23.18% in TTM, driven by improved gross profit and net profit margins. The gross profit margin increased to 35.07%, and the net profit margin rose to 13.06%, indicating enhanced profitability. The EBIT and EBITDA margins also improved, reflecting efficient cost management. However, historical volatility in revenue growth and profitability margins suggests potential risks.85
Very Positive
Balance Sheet
The balance sheet of Coeur Mining demonstrates a solid financial position with a low debt-to-equity ratio of 0.11 in TTM, indicating prudent leverage management. The return on equity improved to 8.83%, showcasing effective utilization of equity. The equity ratio remains strong, suggesting financial stability. However, historical fluctuations in debt levels and equity ratios highlight potential risks in maintaining this stability.78
Positive
Cash Flow
The cash flow statement reveals robust growth in free cash flow, with a remarkable increase of 273.59% in TTM. The operating cash flow to net income ratio is healthy at 1.37, indicating strong cash generation relative to net income. The free cash flow to net income ratio improved significantly, reflecting enhanced cash flow management. However, past volatility in free cash flow growth and negative free cash flow in previous years pose potential risks.80
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.46B | 1.05B | 821.21M | 785.64M | 832.83M | 785.46M |
| Gross Profit | 511.96M | 322.84M | 88.49M | 67.48M | 192.97M | 213.74M |
| EBITDA | 542.86M | 320.81M | 76.87M | 85.21M | 160.39M | 226.52M |
| Net Income | 190.67M | 58.90M | -103.61M | -78.11M | -31.32M | 25.63M |
Balance Sheet | ||||||
| Total Assets | 4.15B | 2.30B | 2.08B | 1.85B | 1.73B | 1.40B |
| Cash, Cash Equivalents and Short-Term Investments | 111.65M | 55.09M | 61.63M | 93.50M | 56.66M | 92.79M |
| Total Debt | 387.64M | 601.66M | 555.28M | 527.49M | 498.80M | 287.91M |
| Total Liabilities | 1.32B | 1.18B | 1.06B | 957.13M | 934.16M | 710.50M |
| Stockholders Equity | 2.83B | 1.12B | 1.02B | 889.02M | 800.26M | 693.48M |
Cash Flow | ||||||
| Free Cash Flow | 248.93M | -8.95M | -297.33M | -326.74M | -199.30M | 49.43M |
| Operating Cash Flow | 449.44M | 174.23M | 67.29M | 25.62M | 110.48M | 148.71M |
| Investing Cash Flow | -107.10M | -193.51M | -303.70M | -146.16M | -304.08M | -65.67M |
| Financing Cash Flow | -304.17M | 13.89M | 236.05M | 125.03M | 158.14M | -46.53M |
Coeur Mining Technical Analysis
Positive
17.42
Price Trends
12.35
Positive
10.36
Positive
8.22
Positive
Market Momentum
1.55
Negative
73.66
Negative
81.76
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CDE, the sentiment is Positive. The current price of 17.42 is above the 20-day moving average (MA) of 15.28, above the 50-day MA of 12.35, and above the 200-day MA of 8.22, indicating a bullish trend. The MACD of 1.55 indicates Negative momentum. The RSI at 73.66 is Negative, neither overbought nor oversold. The STOCH value of 81.76 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CDE.
Coeur Mining Risk Analysis
Coeur Mining disclosed 39 risk factors in its most recent earnings report. Coeur Mining reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Coeur Mining Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $11.49B | 46.23 | 9.88% | ― | 68.88% | ― | |
79 Outperform | 649.66M | 17.76 | 15.74% | 1.66% | 28.06% | 208.80% | |
78 Outperform | 11.58B | 14.18 | ― | 1.00% | 29.08% | 70.63% | |
72 Outperform | 2.37B | 19.24 | ― | 1.48% | 30.05% | 73.23% | |
70 Outperform | 7.34B | 71.37 | 6.73% | 0.23% | 36.30% | ― | |
56 Neutral | 7.46B | -37.33 | -16.59% | ― | 6.27% | 93.14% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
Performance Comparison
CDE
Coeur Mining
17.42
9.91
131.96%
DRD
Drdgold
26.26
16.19
160.77%
HMY
Harmony Gold Mining
17.25
6.55
61.21%
HL
Hecla Mining Company
10.95
3.80
53.15%
SBSW
Sibanye Stillwater
10.19
5.68
125.94%
CMCL
Caledonia Mining
33.92
19.31
132.17%
Coeur Mining Corporate Events
Stock BuybackBusiness Operations and Strategy
Coeur Mining Announces $75 Million Share Buyback
Positive
May 27, 2025
On May 27, 2025, Coeur Mining announced a $75 million share repurchase program, effective through May 31, 2026, to enhance shareholder value. This decision is supported by strong free cash flow from higher gold and silver prices, the acquisition of the Las Chispas mine, and expanded operations at the Rochester mine, positioning the company to reduce debt and invest in growth opportunities.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.