Coeur Mining beats Q2 adjusted EPS estimates
Overview
Coeur Mining Q2 revenue rises to $481 mln, adjusted EBITDA beats estimates
Adjusted EPS for Q2 beats consensus, driven by strong production increases
Co announced $75 mln stock repurchase program, extinguishes revolving credit facility
Outlook
Coeur reaffirms 2025 gold production guidance of 380,000 - 440,000 ounces
Company expects 2025 silver production of 16.7 - 20.3 mln ounces
Coeur anticipates over $800 mln adjusted EBITDA for full-year 2025
Company projects over $400 mln free cash flow for full-year 2025
Result Drivers
PRODUCTION INCREASES - Coeur reports significant increases in silver and gold production, up 27% and 25% quarter-over-quarter, respectively
HIGHER METAL PRICES - Average realized prices for gold and silver increased 15% and 5% respectively, contributing to revenue growth
COST REDUCTION - Costs applicable to sales per gold and silver ounce declined by approximately 6% quarter-over-quarter
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | $480.7 mln | ||
Q2 Adjusted EPS | Beat | $0.2 | $0.18 (5 Analysts) |
Q2 EPS | $0.11 | ||
Q2 Adjusted Net Income | $127.40 mln | ||
Q2 Net Income | $70.70 mln | ||
Q2 Adjusted EBITDA | Beat | $243.50 mln | $225.40 mln (2 Analysts) |
Q2 EBITDA | $203 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the gold peer group is "buy"
Wall Street's median 12-month price target for Coeur Mining Inc is $11.00, about 11.4% above its August 5 closing price of $9.75
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 9 three months ago
Press Release:
