Coeur Mining, Inc.’s ("Coeur" or the "Company") (NYSE: CDE) today announced that the Company’s Board of Directors appointed Michael ("Mick") Routledge as Senior Vice President and Chief Operating Officer, effective June 1, 2020. Mr. Routledge will assume leadership of Coeur’s operations from Terrence ("Terry") F.D. Smith, who will continue as the Company’s Senior Vice President and Chief Development Officer. These changes provide greater organizational bandwidth and better align the Company’s leadership team with its strategy and key priorities.
Coeur Mining Inc, Iamgold Corp and Endeavour Mining Corp are set to take off Continue reading...
NEW YORK, NY / ACCESSWIRE / April 23, 2020 / Coeur Mining, Inc. (NYSE:CDE) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on April 23, 2020 at 11:00 AM Eastern ...
Silver miners rallied nicely today, with Coeur Mining leading the way with a nearly 19% gain. Here's what drove the advance.
One thing is certain: April has come in like a lion for the stock markets. In the first 11 trading sessions of the month, there have been 4 day of net-loss trading – and 7 of net-gain, with the gains heavily outweighing the losses. The S&P 500 has gained 11% so far this month, in a classic bear market rally. The gains have prompted some speculation that, for the stock market least, the worst may be over.But with earnings season around the corner, some analysts are saying that good mood may be too much, too soon.Mark Mobius, founder of Mobius Capital Partners, points out that reported corporate earnings are going to be grim, after the dislocations of the first quarter. “We might see a double bottom,” he says, referring to the possibility that markets may collapse a second time when earnings come in far below their year-ago levels. With governmental authorities and agencies unsure how, when, or if to reopen economic activity, Mobius says, “I think we have to open up again in some way, because otherwise the collateral damage is going to be incredible.”All in all, it is not a pretty picture despite a current market uplift. And so, some investors are starting to seek out safe havens, ports to ride out the storm while protecting their funds. The traditional move for investors seeking safety is to gold, a generally reliable store of value. But buying metal is not the only way to get into gold. Investors can also buy stock in gold miners. While this move carries more risk than metal purchases, miners derive their strength in part from the quality of their product – as good as gold. Gold miners offer a lower-cost avenue for investors looking to buy into precious metals.Bearing this in mind, we used TipRanks’ database to pinpoint three Buy-rated miner stocks that have earned a thumbs up from members of the analyst community. Not to mention each boasts substantial upside potential of over 15%. Let's take a closer look.Coeur Mining (CDE)Chicago-based Coeur Mining holds and operates five major gold and silver mines in North America. Taken together, the company’s mines produced 11.5 million ounces of silver and 359,000 ounces of gold in 2019. In addition, Coeur also extracted 17 million pounds of zinc and 16 million pounds of lead from its British Columbia mine. These numbers make Coeur one of the world’s largest producers of silver.Earlier this month, the company announced that it will be suspending activity in its Mexican operations, in compliance with Mexican government decrees shutting down non-essential businesses as a measure to contain the COVID-19 epidemic. In its statement Coeur said that, due to general disruption caused by COVID-19, the company’s previously published 2020 guidance is also suspended.However, 5-star analyst Joseph Reagor of Roth Capital sees CDE as buying opportunity, in part because the shares have been pushed so low. He notes that the silver to gold ratio is likely to improve (tilt more toward gold) over the course of 2020, and writes, “CDE's share price has seen significant selling pressure over the last two months and the withdrawal of guidance has caused further selling pressure, in our view. We believe this has created a significant value opportunity for investors…”In line with this view, Reagor has upgraded his stance on CDE from Neutral to Buy. His $5 price target on the stock implies an upside of 16% for 2020. (To watch Reagor’s track record, click here)Wall Street almost evenly split between the bulls and those choosing to play it safe. Based on 5 analysts tracked in the last 3 months, 3 rate the mining stock a Buy, while 2 suggest Hold. Notably, the 12-month average price target stands at $5.28, marking a 21% in return potential for the stock. (See Coeur Mining stock analysis on TipRanks)Eldorado Gold (EGO)In mid-2019, Eldorado Gold switched from running losses to turning profits, and the stock rose that summer from under $5 to nearly $10. EGO shares have been highly volatile in the bear market of the past four weeks, but currently stand at a higher level than when the bear began. Eldorado owns and operates mines in the Balkan Peninsula and Turkey, as well as Quebec and Brazil. The company produces gold, silver, lead, and zinc.EGO started 2020 in a strong position, after finishing 2019 with an adjusted net income of $20.3 million in the fourth quarter. This gave an EPS of 13 cents, well above the 10-cent forecast. Quarterly revenues were reported at $191.9 million, for 106% year-over-year growth. EGO had reported net losses in both Q4 2018 and Q1 2019 – the Q4 2019 results were a clear turnaround.Looking ahead, Eldorado has not announced any mine shutdowns due to Coronavirus, and indicates Q1 gold production of 115,949 ounces, in line with expectations. Production is lower than Q1 2019 – this is due, however, to exploitation of lower-grade ores rather than pandemic issues. The company will release full Q1 earnings at the end of this month.National Bank of Canada analyst Mike Parkin reads the Q1 preliminaries as a reason to buy this stock. He writes, “The quarter came in soft to our estimates and proved modestly lighter Q/Q, however we are not concerned with the results and would be buyers on any weakness as valuation currently is attractive in our view.”Parkin backs his stance with a Buy rating and a price target of C$15.50 (US$11.06), which suggests an upside of 33% for the stock. (To watch Parkin’s track record, click here)EGO shares are selling for US$8.87, and the average price target of US$11.29 suggests that the stock has a 27% upside potential in the next 12 months. The analyst consensus rating, a Moderate Buy, is based on 4 Buy ratings, 2 Holds, and 1 Sell. (See Eldorado stock analysis on TipRanks)Kirkland Lake Gold (KL)With a market cap of $11 billion, Kirkland is the largest of the gold miners on this list. The company operates six mines in Canada and Australia, and produced over 974,000 ounces of gold last year. 2020 production is targeted at 1.5 million ounces, with the proposed increase reflecting the quality of ore exploited in the company’s mines. Closing out 2019, Kirkland saw revenue of $1.38 billion, adjusted net earnings of $2.74 per share, and an 81% increase in free cash flow to $463 million.Kirkland is committed to returning profits to shareholders, and raised its dividend twice last year. The first increase bumped the payment from 3 cents in Q2 to 4 cents in Q3, while the second raised it to 6 cents in Q4. Looking forward, KL has announced another increase to the dividend, to 12.5 cents in Q1 2020. The company has a 3-year history of steady dividend growth, and the 14% payout ratio shows that there is plenty of room for more increases. At current levels, the dividend yield is 1.45%. While lower than the average dividend in the broader market, the company’s profitability, track record of dividend increases, and low payout ratio make it attractive.5-star Stifel analyst Ian Parkinson believes this is a stock worth holding on to. Parkinson rates KL shares a Buy, and his CA$63.00 (US$44.77) price target suggests a solid upside potential of 23%. (To watch Parkinson's track record, click here)Parkinson commented, "Despite the logistical issues surrounding the COVID-19 situation, Detour Lake was able to largely perform to expectations in its first two months post-acquisition. Management still expects to carry out an extensive drill program at Detour through 2020. Fosterville production remained in line based on continued elevated grade; Macassa was the only laggard. Q1 performance was slightly behind our original expectations and Q2 will feel major impacts from the COVID-19 pandemic. The asset quality coupled with strong gold prices particularly in local currency ensure KL is well positioned to emerge from the current health crisis and deliver substantial returns for shareholders."All in all, when looking at Wall Street’s stance, Parkinson is not the only bull, as TipRanks analytics showcase Kirkland as a Buy. Out of 11 analysts tracked in the last 3 months, 8 rate the stock a Buy, while 3 remain sidelined. The 12-month average price target stands at US$40.92 marking nearly 12% upside from where the stock is currently trading. (See Kirkland Lake stock analysis at TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
Coeur Mining, Inc. ("Coeur" or the "Company") (NYSE: CDE) today announced that it has begun taking steps to restart active mining, processing and exploration activities at its Palmarejo gold-silver complex ("Palmarejo") in the State of Chihuahua, Mexico in accordance with updated guidance from the Federal government of Mexico that precious metals mining is now considered an essential business activity.
Coeur Mining, Inc.’s ("Coeur" or the "Company") (NYSE: CDE) President and Chief Executive Officer, Mitchell J. Krebs, will participate in the Bank of America Merrill Lynch Global Metals, Mining & Steel Conference on May 14, 2020.
Coeur Mining, Inc. ("Coeur" or the "Company") (NYSE: CDE) today published its 2019 Responsibility Report, demonstrating the Company’s continued commitment to its environmental, social and governance ("ESG") programs and initiatives. The report highlights how Coeur’s purpose statement, We Pursue a Higher Standard, defines the Company’s culture, what it means for its people and how it influences everyday actions and decisions across the Company.
Coeur Mining, Inc. ("Coeur" or the "Company") (NYSE: CDE) today announced that it will report its first quarter 2020 operational and financial results after the New York Stock Exchange closes for trading on Wednesday, April 22, 2020. The Company will be hosting a conference call at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on Thursday, April 23, 2020.
Q1 2020 Coeur Mining Inc Earnings Call
We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are...
Coeur (CDE) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Coeur Mining, Inc. ("Coeur" or the "Company") (NYSE: CDE) today reported first quarter 2020 financial results, including revenue of $173.2 million, cash flow from operating activities of $(8.0) million and GAAP net loss from continuing operations of $11.9 million, or $0.05 per share. On an adjusted basis1, the Company reported EBITDA of $46.6 million, cash flow from operating activities prior to changes in working capital of $30.1 million and net loss from continuing operations of $0.8 million, or $0.00 per share.
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
[Editor's note: "9 Gold Stocks to Stave Off Coronavirus-Induced Volatility" is regularly updated to include the most relevant information available.]With a shocking number of Americans unemployed due to the devastating economic impact of the novel coronavirus, the future appears a very dark one. At this time, the idea of a quick, V-shaped recovery seems remote. However, this period is also a boon for precious metals. That's because -- if we're being quite honest -- nothing glitters like gold during times of turmoil. As a result, some have turned their attention to gold stocks.Personally, I believe physical gold is good to own as a safeguard for your portfolio. No, I'm not suggesting an underground bunker full of the stuff like some ardent proponents of precious metals. But a modest exposure can go a long way.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat said, I understand the drawbacks of gold bullion. Primarily, as physical assets, they're not at all convenient. Further, if you decide to diversify your metal holdings with cheaper commodities like silver, they can become rather unwieldy. With gold stocks, they're just like any other equity position you own, meaning storage and security are virtually non-issues.Furthermore, gold stocks can fly far higher than holding the physical asset. Better yet, you can choose your risk-reward profile. For instance, you may allocate most of your precious metal positions in large-capitalization miners, while throwing in some "stupid money" funds toward junior mining companies. * 7 U.S. Stocks to Buy on Coronavirus Weakness Of course, this sector has huge risks. For some time, the mining complex failed to rise based on the fundamentals. But with the irrationality that we're witnessing in the markets, I believe the longer-term narrative for is very positive for these nine gold stocks: * Barrick Gold (NYSE:GOLD) * Agnico Eagle Mines (NYSE:AEM) * Wheaton Precious Metals (NYSE:WPM) * Sibanye Stillwater (NYSE:SBSW) * Coeur Mining (NYSE:CDE) * Hecla Mining (NYSE:HL) * Americas Gold and Silver (NYSEMKT:USAS) * Great Bear Resources (OTCMKTS:GTBDF) * Revival Gold (OTCMKTS:RVLGF) Barrick Gold (GOLD)Source: madamF / Shutterstock.com One of the biggest gold stocks by market cap, Barrick is a great anchor to have for your precious metal portfolio. Since the start of the year, GOLD stock is up over 44%. Needless to say, shares have recovered from a severe bout of volatility in March.First, as a major institution within the mining industry, GOLD stock is likely to offer you a relatively evenhanded exposure to daily gold fluctuations. Fundamentally, the underlying company has been making significant progress. For instance, in its fourth quarter of 2019 earnings report, Barrick rang up revenue of $2.88 billion, up over 51% year-over-year.Second, despite the choppiness, GOLD stock has been trending nicely on a bullish channel in place since last November. With fear only ramping up due to the coronavirus, Barrick Gold should perform quite well this year. Agnico Eagle Mines (AEM)Source: Shutterstock Another one of the big players among gold stocks, Agnico Eagle should have enjoyed a better start to 2020. In its Q4 2019 earnings report, Agnico Eagle delivered adjusted earnings per share of 37 cents. Additionally, the miner generated top-line sales of $753.1 million, which was up 40% against the year-ago quarter. Both figures beat covering analysts' consensus targets.Unfortunately, management guided down their expectations for gold production for the year. Instead of 1.9 million to 2 million ounces, the leadership team anticipates 1.875 million ounces. That sent AEM stock down in a hurry. * 7 U.S. Stocks to Buy on Coronavirus Weakness However, with the company's most recent Q1 2020 earnings report, AEM stock received a much better response. EPS was 23 cents, up 3 cents from the consensus estimate, while revenue was $671.9 million, comfortably above the consensus of $652.5 million.Include the fear factor and you have a much stronger case now for AEM stock. Wheaton Precious Metals (WPM)Source: Shutterstock In my opinion, no portfolio of gold stocks to buy is complete without mentioning companies like Wheaton Precious Metals. Unlike traditional mining units, Wheaton uses a streaming business model. Rather than mine for metals themselves, WPM buys out a mining company's production (either part or whole) at predetermined prices. As a result, this makes WPM stock far more stable than traditional mining investments.Of course, this situation works the opposite way as well. If gold explodes into a mania, WPM stock is unlikely to skyrocket with its peers (although it's proving to be very robust right now). Currently, speculators are gambling that we'll see an enormous sentiment lift. For instance, China's government has been busy bolstering their gold reserves, while other nations have been lackadaisical in this department.Still, this business of gold is a cruel one. Thus, the smart investor's play is to have at least some exposure to safer bets. Sibanye Stillwater (SBSW)Source: Shutterstock As the largest individual gold producer in South Africa, Sibanye Stillwater is one of the most popular gold stocks. Certainly, it doesn't hurt that the underlining country features an abundance of riches. Therefore, I consider the current volatility -- though admittedly steep -- in SBSW stock a buying opportunity.Contributing to the red ink, though, is the drama surrounding palladium. Rather quietly, palladium exploded to become the most expensive precious metal -- well higher than gold, platinum and silver. A major reason for this is that the metal is very strategic as many industries utilize it for their products. * 10 Best Stocks to Buy and Hold Forever But with concerns rising about a global economic downturn, the palladium price took a huge hit in late February. Theoretically, this makes SBSW riskier than other gold stocks. Nevertheless, palladium's relevance to the electronics industry should eventually bolster demand. Coeur Mining (CDE)Source: Shutterstock As one of the mid-tier gold stocks, Coeur typically would offer you a balance between upside rewards and downside mitigation. However, this year, it's all red ink, with CDE stock plummeting 52%. Admittedly, this isn't what I was hoping for. On the flipside, though, it does offer a compelling entry point given the positive environment for gold.As with other mining companies, analysts didn't like the mixed bag that Coeur delivered in terms of metals produced. On certain projects, lower ore crushing rates led to overall lower production. However, management invested in higher-capacity machinery which should resolve these challenges. Therefore, it's possible that CDE stock could get back on the Street's good graces.For now, shares are at a crazy discount, returning to levels seen back in April 2019. Plus, with other gold stocks rising on economic fears, CDE could potentially hitch a ride back up. Hecla Mining (HL)Source: Shutterstock Another popular mid-tier name, several investors were optimistic about Hecla heading into the new year. In the final calendar quarter of 2019, HL stock nearly doubled in value. Early in January, management seemingly justified that optimism with strong production figures: silver production was up 22% and gold was up 4%. Unfortunately, "seemingly" is the operative word here.When the company released its actual results for the quarter ending Dec. 31, Wall Street wasn't quite so impressed. Despite revenue growth of 68% YOY to $236.3 million, Hecla still inked a net income loss of $8 million. Basically, the organization is not as efficient as other miners. And that's worrisome given that this is a positive environment for gold stocks. * The 10 Best Stocks to Buy After The Market's Historic Sell-Off However, I find it interesting that investors were willing to drive up HL stock to crazy levels in the final quarter of 2019. Although shares have made up much of the losses it incurred due to the coronavirus, the devastation in the economy - along with the ensuing uncertainty - should provide Hecla with continued upside. Americas Gold and Silver (USAS)Source: Shutterstock For the last three gold stocks on this list, I'm going to focus my attention on the junior miners. Fair warning: these are extremely speculative names, so please don't go crazy on them.First up is Americas Gold and Silver. One of the more promising of the small miners, USAS stock experienced a strong run up in December. However, as we rang in the new year, shares slowed, then became downright volatile, beginning in February. Unfortunately, disappointing financial results negatively impacted the equity valuation.Due to a recapitalization plan at one of Americas Gold and Silver's projects, production for certain metals were down for the year. Furthermore, expenses related to mining industrial metals increased, impeding earnings.On the positive side, the company expects to see big increases from the addition of a new project. Therefore, USAS stock might appeal for the risk takers. Great Bear Resources (GTBDF)Source: Shutterstock Although one of the most bullish small-cap gold stocks of last year, between late February to mid-March, Great Bear Resources lived up to its name. Now, it's one of the high-flying names among the speculative junior miners.Essentially, much uncertainty exists among lesser-known gold stocks. Frankly, Great Bear is an extremely speculative belt, fueled in part by fundamentals and hope. However, the fundamentals encompass a 100% royalty-free interest in the Dixie project. This is an area known for high-grade gold and is situated very close to the renowned Red Lake gold district. * 7 Stocks to Buy After International Women's Day Will Dixie turn into another Red Lake, which has produced roughly 30 million ounces of gold? Obviously, no one knows for sure. But that is the compelling story driving GTBDF stock. Factor in the broader economic turmoil and the narrative - while still risky - becomes even more attractive. Revival Gold (RVLGF)Source: Shutterstock If you want a junior miner that isn't completely nuts, take a look at Revival Gold. Currently, Revival Gold has interests in three projects: Beartrack, Arnett Creek Gold and Diamond Mountain Phosphate. According to their website, management is interested in pursuing other exploration and development opportunities, which may entail mergers and acquisitions.For now, RVLGF stock is a gamble that these projects will develop according to plan. Naturally, this is a huge risk. However, shares have traded sideways -- albeit in choppy fashion -- since the spring of 2018. To me, this implies that the markets are reserving judgment.I suppose no bad news is good news for RVLGF stock. While I'd like to give a more convincing argument, this is the nature of junior mining investments. Enjoy!A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. As of this writing, he is long the precious metals mentioned in this article. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Healthcare Stocks Worth Your Time Now * Buy the Dip in These 7 Online Advertising Stocks Now * 7 Services Stocks to Buy on Coronavirus Weakness The post 9 Gold Stocks to Stave Off Coronavirus-Induced Volatility appeared first on InvestorPlace.
Investors need to pay close attention to Coeur (CDE) stock based on the movements in the options market lately
RBC Capital analyst Mark Mihaljevic maintained a Hold rating on Coeur D'alene Mines on Friday, setting a price target of $4.25, which is approximately 16.67% below the present share price of $5.1.
Coeur Mining, Inc. ("Coeur" or the "Company") (NYSE: CDE) today announced that it will be moving its 2020 Annual Stockholders’ Meeting ("Annual Meeting") to a virtual-only format in response to public health and travel safety concerns relating to the coronavirus (COVID-19), and to support the health and safety of its stockholders, employees, and stakeholders. As disclosed in Coeur’s 2020 Proxy Statement filed with the Securities and Exchange Commission on March 30, 2020 (the "Proxy Statement"), the Company will hold its Annual Meeting on Tuesday, May 12, 2020 at 9:30 a.m. Central Time. Online access to the meeting will begin at 9:15 a.m. Central Time.
Coeur Mining, Inc. ("Coeur" or the "Company") (NYSE: CDE) today announced that it has begun taking steps toward the temporary suspension of active mining and processing activities at its Palmarejo gold-silver complex ("Palmarejo") in the State of Chihuahua, Mexico in accordance with a government-mandated decree in response to the 2019 novel coronavirus ("COVID-19").