
Coeur Mining (CDE) Stock Forecast & Price Target
Coeur Mining (CDE) Analyst Ratings
Bulls say
Coeur Mining Inc. has demonstrated significant production growth, achieving 108.5koz of gold and 4.7Moz of silver, surpassing both prior quarter figures and forecasts, indicating operational enhancements. The company's balance sheet showcases a robust improvement, highlighted by the complete repayment of a $110 million revolving credit facility, an increase in treasury to $112 million, and a notable reduction in net leverage from 0.9x to 0.4x quarter-over-quarter. These financial metrics reflect a strong operational and fiscal position, contributing to a positive outlook for Coeur Mining's stock.
Bears say
Coeur Mining's recent reduction in its net leverage ratio to 0.4x from 0.9x in the previous quarter, and a significant drop from 2.9x a year ago, indicates improved financial leverage; however, this improvement may not be sufficient to counterbalance underlying market pressures. The inherent risks related to the balance sheet, while characterized as moderate to low, suggest potential vulnerabilities that could impede the company's growth trajectory. Furthermore, the mentioned downside scenario projecting a 50% contraction in target price multiples underscores ongoing concerns regarding market volatility and the company’s dependency on precious metal prices for revenue generation.
This aggregate rating is based on analysts' research of Coeur Mining and is not a guaranteed prediction by Public.com or investment advice.
Coeur Mining (CDE) Analyst Forecast & Price Prediction
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