Friday, February 18, 2022
Coeur Mining (CDE)
Taking the Long View
Coeur Mining Inc is a metals producer focused on mining precious minerals in the Americas. It is involved in the discovery and mining of gold and silver and generates the vast majority of revenue from the sale of these precious metals. The operating mines of the company are palmarejo, rochester, wharf, and kensington. Its projects are located in the United States, Canada and Mexico, and North America.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Fourth quarter and full year 2021 financial results. Coeur reported adjusted fourth quarter and full year 2021 losses per share of $(0.05) and $(0.01), respectively, compared to our net income per share estimates of $0.04 and $0.08. Variance to our estimates were largely due to higher costs applicable to sales. Coeur reported full year adjusted EBITDA of $210.8 million compared to our estimate of $218.4 million. Full year metal sales included 350,347 ounces of gold and 10.1 million ounces of silver.
Guidance for 2022. Coeur expects to produce between 315,000 and 353,000 ounces of gold and between 9.0 million and 11.0 million pounds of silver. This compares to 348,529 ounces of gold and 10.1 million ounces of silver produced in 2021. We have lowered our 2022 EPS and EBITDA estimates to $0.05 and $180.9 million from $0.28 and $249.7 million, respectively, to reflect lower production and higher …
This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
