Cantor Fitzgerald has elevated its rating for Coeur Mining (CDE, Financial) to Overweight from Neutral, setting a price target of $10. This decision follows the company's strong performance in the first quarter, which exceeded expectations. According to an analyst, Coeur Mining's production levels and cash costs align well with its 2025 guidance. The positive outlook on Coeur's quarterly results highlights the company's progress and potential for further growth.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Coeur Mining Inc (CDE, Financial) is $9.31 with a high estimate of $11.00 and a low estimate of $7.25. The average target implies an upside of 34.18% from the current price of $6.94. More detailed estimate data can be found on the Coeur Mining Inc (CDE) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Coeur Mining Inc's (CDE, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Coeur Mining Inc (CDE, Financial) in one year is $5.23, suggesting a downside of 24.59% from the current price of $6.935. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Coeur Mining Inc (CDE) Summary page.
CDE Key Business Developments
Release Date: February 20, 2025
- Free Cash Flow: $85 million in the second half of 2024.
- Debt Reduction: $80 million reduction in 2024.
- Earnings: Nearly $90 million in 2024.
- Adjusted EBITDA: More than doubled to $339 million for full-year 2024.
- Gold Production: Expected to reach over 400,000 ounces in 2025, a 20% increase from 2024.
- Silver Production: Expected to reach over 18 million ounces in 2025, a 62% increase from 2024.
- Revenue: Exceeded $1 billion in 2024.
- Capital Expenditures: $183 million in 2024, cut in half from the prior year.
- Exploration Expenditures: Approximately $60 million in 2024.
- Net Debt-to-EBITDA Ratio: Improved to 1.6 times from 3.4 times a year ago.
- Free Cash Flow Guidance: Expected $75 million to $100 million per quarter starting Q2 2025.
- 2025 Production Guidance: 7 million to 8.3 million ounces of silver and 60,000 to 75,000 ounces of gold.
- Wharf Free Cash Flow: $95 million for full-year 2024, setting a new record.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Coeur Mining Inc (CDE, Financial) reported a significant increase in free cash flow, generating $85 million in the second half of 2024.
- The company successfully reduced its debt by $80 million, improving its financial position.
- Coeur Mining Inc (CDE) achieved a more than doubling of its adjusted EBITDA to $339 million for the full year 2024.
- The Rochester expansion ramp-up was successful, contributing to increased production and free cash flow.
- The acquisition of SilverCrest is expected to enhance Coeur Mining Inc (CDE)'s production capabilities and financial performance in 2025.
Negative Points
- The first quarter of 2025 is expected to be 'messy' due to several one-time outflows, including significant tax payments in Mexico.
- Kensington's cost per ounce is projected to increase, impacting overall profitability.
- Rochester experienced slightly lower-than-planned silver production due to larger crush sizes.
- The company anticipates a back-half weighted production year at Rochester due to leach kinetics and weather conditions.
- There are ongoing challenges in achieving the targeted crush size at Rochester, impacting recovery rates.
