
Coeur Mining (CDE) Stock Forecast & Price Target
Coeur Mining (CDE) Analyst Ratings
Bulls say
Coeur Mining Inc. reported a notable increase in production, achieving 108.5koz of gold and 4.7Moz of silver, exceeding both company forecasts and previous quarter outputs. The company's financial standing improved significantly in Q2, highlighted by the full repayment of its $110M revolving credit facility, a $34M increase in treasury to $112M, and a reduction in net leverage ratio from 0.9x to 0.4x. These factors, combined with ongoing enhancements in operational efficiency and production capabilities, contribute to a positive outlook for the company's stock performance.
Bears say
Coeur Mining's financials reflect a significant reduction in its net leverage ratio, decreasing to 0.4x from 2.9x a year ago, indicating improved balance sheet health. Despite the decreasing leverage, the company's reliance on the precious metals market exposes it to volatility, which could jeopardize future revenue stability. Additionally, potential downside scenarios predict a 50% contraction in target price multiples, raising concerns about the stock's susceptibility to market fluctuations and profitability pressures.
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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