
Coeur Mining (CDE) Stock Forecast & Price Target
Coeur Mining (CDE) Analyst Ratings
Bulls say
Coeur Mining Inc. demonstrated strong production results in Q2, achieving 108.5 koz of gold and 4.7 Moz of silver, surpassing forecasts and showing significant growth from previous quarters. Additionally, the company's balance sheet showed substantial improvement, highlighted by the complete repayment of its $110 million revolving credit facility and an increase in treasury funds by $34 million to a total of $112 million. Furthermore, a reduction in the net leverage ratio from 0.9x to 0.4x indicates enhanced financial health, while the initiation of share buybacks reflects a commitment to returning value to shareholders.
Bears say
Coeur Mining has shown a significant reduction in its net leverage ratio, declining to 0.4x from 0.9x in the previous quarter and 2.9x a year ago. Despite this improvement, potential risks stemming from reliance on fluctuating precious metal prices could pose challenges, particularly if a downside scenario were to materialize, potentially resulting in a contraction of target price multiples by 50%. The company's financial leverage may be seen as moderately low, yet the ongoing volatility in the mining sector could undermine investor confidence and hinder future revenue growth.
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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