NYSE:CDE

Stock Analysis Report

Executive Summary

Coeur Mining, Inc. explores for, develops, and produces gold, silver, zinc, and lead properties.

Rewards

Earnings are forecast to grow 104.96% per year

Risk Analysis

Highly volatile share price over past 3 months

Shareholders have been diluted in the past year



Snowflake Analysis

Reasonable growth potential with adequate balance sheet.


Similar Companies

Share Price & News

How has Coeur Mining's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CDE's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-3.5%

CDE

-0.9%

US Metals and Mining

1.5%

US Market


1 Year Return

15.7%

CDE

0.9%

US Metals and Mining

20.1%

US Market

Return vs Industry: CDE exceeded the US Metals and Mining industry which returned 0.9% over the past year.

Return vs Market: CDE underperformed the US Market which returned 20.1% over the past year.


Shareholder returns

CDEIndustryMarket
7 Day-3.5%-0.9%1.5%
30 Day2.0%-7.1%1.4%
90 Day-11.1%-1.1%8.7%
1 Year15.7%15.7%3.5%0.9%22.7%20.1%
3 Year-32.7%-32.7%-6.3%-11.3%50.1%40.5%
5 Year3.5%3.5%18.7%9.4%73.1%54.1%

Price Volatility Vs. Market

How volatile is Coeur Mining's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Coeur Mining undervalued compared to its fair value and its price relative to the market?

1.55x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: CDE ($5.98) is trading above our estimate of fair value ($1.38)

Significantly Below Fair Value: CDE is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CDE is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: CDE is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CDE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CDE is overvalued based on its PB Ratio (1.5x) compared to the US Metals and Mining industry average (1.5x).


Next Steps

Future Growth

How is Coeur Mining forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

105.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CDE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).

Earnings vs Market: CDE is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CDE's is expected to become profitable in the next 3 years.

Revenue vs Market: CDE's revenue (12.8% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: CDE's revenue (12.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CDE's Return on Equity is forecast to be low in 3 years time (3.8%).


Next Steps

Past Performance

How has Coeur Mining performed over the past 5 years?

66.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CDE is currently unprofitable.

Growing Profit Margin: CDE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CDE is unprofitable, but has reduced losses over the past 5 years at a rate of 66.4% per year.

Accelerating Growth: Unable to compare CDE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CDE is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (14.9%).


Return on Equity

High ROE: CDE has a negative Return on Equity (-8.11%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Coeur Mining's financial position?


Financial Position Analysis

Short Term Liabilities: CDE's short term assets ($252.4M) exceed its short term liabilities ($219.0M).

Long Term Liabilities: CDE's short term assets ($252.4M) do not cover its long term liabilities ($539.8M).


Debt to Equity History and Analysis

Debt Level: CDE's debt to equity ratio (24.4%) is considered satisfactory.

Reducing Debt: CDE's debt to equity ratio has reduced from 27% to 24.4% over the past 5 years.


Balance Sheet

Inventory Level: CDE has a high level of physical assets or inventory.

Debt Coverage by Assets: CDE's debt is covered by short term assets (assets are 1.1x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: CDE has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if CDE has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Coeur Mining's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate CDE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate CDE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CDE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CDE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CDE's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.9yrs

Average management tenure


CEO

Mitch Krebs (47yo)

8.6yrs

Tenure

US$3,201,486

Compensation

Mr. Mitchell J. Krebs, also known as Mitch, has been the Chief Executive Officer and President of Coeur Mining, Inc. since July 12, 2011. Mr. Krebs served as the Chief Financial Officer of Coeur Mining, In ...


CEO Compensation Analysis

Compensation vs Market: Mitch's total compensation ($USD3.20M) is about average for companies of similar size in the US market ($USD3.76M).

Compensation vs Earnings: Mitch's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Mitchell Krebs
President8.6yrsUS$3.20m0.45% $6.4m
Casey Nault
Senior VP7.8yrsUS$1.41m0.14% $2.0m
Emilie Schouten
Senior Vice President of Human Resources3.8yrsUS$703.92k0.035% $497.5k
Thomas Whelan
Senior VP & CFO1.1yrsno data0.072% $1.0m
Terrence F. Smith
Senior Vice President of Operations1.3yrsno data0.049% $704.5k
Kenneth Watkinson
VP, Corporate Controller & Chief Accounting Officer2.1yrsno data0.018% $252.0k
Paul DePartout
Director of Investor Relations0yrsno datano data
Alim Visram
VP of Corporate Development0yrsno datano data
Anne Beckelheimer
Vice President of Tax & Treasury0.08yrsno datano data
Robyn Koyner
Vice President3.8yrsno datano data

2.9yrs

Average Tenure

47yo

Average Age

Experienced Management: CDE's management team is considered experienced (2.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mitchell Krebs
President8.6yrsUS$3.20m0.45% $6.4m
Robert Mellor
Non-Executive Chairman8.6yrsUS$340.00k0.063% $907.3k
James Thompson
Independent Director18.1yrsUS$192.50k0.063% $900.8k
John Robinson
Independent Director22.1yrsUS$200.00k0.052% $753.7k
Eduardo Arellano
Independent Director2yrsUS$185.00k0.012% $169.6k
Linda Adamany
Independent Director6.9yrsUS$202.50k0.046% $661.5k
Sebastian Edwards
Independent Director13.1yrsUS$180.00k0.048% $687.1k
Randolph Gress
Independent Director6.8yrsUS$180.00k0.046% $657.2k
Brian Sandoval
Independent Director0.9yrsno data0.0075% $108.2k
Jessica McDonald
Independent Director2yrsUS$185.00k0.012% $169.6k

7.8yrs

Average Tenure

66yo

Average Age

Experienced Board: CDE's board of directors are considered experienced (7.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.3%.


Top Shareholders

Company Information

Coeur Mining, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Coeur Mining, Inc.
  • Ticker: CDE
  • Exchange: NYSE
  • Founded: 1928
  • Industry: Gold
  • Sector: Materials
  • Market Cap: US$1.438b
  • Shares outstanding: 240.52m
  • Website: https://www.coeur.com

Number of Employees


Location

  • Coeur Mining, Inc.
  • 104 South Michigan Avenue
  • Suite 900
  • Chicago
  • Illinois
  • 60603
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CDM1DB (Deutsche Boerse AG)YesCommon StockDEEURDec 1972
CDM1XTRA (XETRA Trading Platform)YesCommon StockDEEURDec 1972
CDENYSE (New York Stock Exchange)YesCommon StockUSUSDDec 1972
CDESWX (SIX Swiss Exchange)YesCommon StockCHCHFDec 1972
0R0ULSE (London Stock Exchange)YesCommon StockGBUSDDec 1972
CDM1ETLX (Eurotlx)YesCommon StockITEURDec 1972
CDEWBAG (Wiener Boerse AG)YesCommon StockATEURDec 1972
CDEBASE (Buenos Aires Stock Exchange)CEDEAR EA REP 1 COM STK USD1.00ARARSMay 2011

Biography

Coeur Mining, Inc. explores for, develops, and produces gold, silver, zinc, and lead properties. It holds interests in the Palmarejo gold and silver complex located in Mexico; the Rochester silver and gold mine situated in Nevada; the Kensington gold mine located in Alaska; the Wharf gold mine situated in South Dakota; and the Silvertip silver-zinc-lead mine located in Canada. The company also owns interests in the Sterling gold project and the Crown Block of deposits located in the Walker Lane trend in Nevada; and the La Preciosa silver-gold exploration project located in the State of Durango, Mexico. Coeur Mining, Inc. markets its concentrates to third-party refiners and smelters in the United States and Japan. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc. in May 2013. Coeur Mining, Inc. was founded in 1928 and is headquartered in Chicago, Illinois. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 00:40
End of Day Share Price2020/02/14 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.