
Coeur Mining (CDE) Stock Forecast & Price Target
Coeur Mining (CDE) Analyst Ratings
Bulls say
Coeur Mining Inc. demonstrated strong operational performance in the second quarter, producing 108.5 thousand ounces of gold and 4.7 million ounces of silver, surpassing both previous quarter results and forecasts significantly. The company's financial health also showed marked improvement, highlighted by the complete repayment of its $110 million revolving credit facility and an increase in treasury cash to $112 million, resulting in a reduction of the net leverage ratio from 0.9x to 0.4x. Furthermore, ongoing initiatives, such as the successful execution of the Rochester expansion, alongside positive exploration results, position Coeur Mining favorably for future growth and enhanced financial multiples.
Bears say
Coeur Mining has exhibited a significant reduction in its net leverage ratio, declining to 0.4x from 0.9x in the previous quarter and from 2.9x a year ago, indicating a positive trend towards financial stability. However, this improvement does not fully mitigate the concerns related to potential downside scenarios, which suggest a possible 50% contraction in target price multiples. Additionally, while the company's cash costs per ounce have decreased due to strong production, the overall financial outlook remains clouded by the risks associated with commodity price volatility and market conditions for precious metals.
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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