
Coeur Mining (CDE) Stock Forecast & Price Target
Coeur Mining (CDE) Analyst Ratings
Bulls say
Coeur Mining Inc. demonstrated significant production growth, achieving 108.5koz of gold and 4.7Moz of silver, surpassing both forecasts and previous quarter figures, indicating operational improvements and effective resource management. Additionally, the company's balance sheet strengthened considerably in Q2, with the full repayment of a $110M revolving credit facility, a $34M increase in treasury, and a reduction in the net leverage ratio from 0.9x to 0.4x, showcasing strong financial health. The ongoing expansion at the Rochester project, coupled with promising exploration results, positions Coeur Mining for potential future growth and enhanced valuation multiples.
Bears say
Coeur Mining has demonstrated a notable reduction in its net leverage ratio, decreasing to 0.4x from 0.9x last quarter and down from 2.9x a year ago, which suggests some improvement in its financial health. However, the company remains exposed to potential downside risks, particularly with a forecast reflecting a 50% contraction in target price multiples, indicating concerns about future profitability and market performance. Additionally, while the cost per ounce of production (CAS) has declined quarter-over-quarter due to strong production, the underlying challenges in precious metal pricing and revenue generation could adversely impact overall financial stability.
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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