CDE Earnings Prediction
The chart below shows how CDE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CDE sees a +10.30% change in stock price 10 days leading up to the earnings, and a -1.54% change 10 days following the report. On the earnings day itself, the stock moves by -1.61%. This data can give you a slight idea of what to expect for the next quarter's release.
CDE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
313.48M
61.10%
41.19%
Gross Margin
39.40%
222.16%
77.16%
Operating Margin
29.26%
529.25%
164.08%
Net Margin
15.55%
243.32%
2329.69%
EPS
0.12
300.00%
--
No Data Available
CDE Earnings Analysis
Coeur Mining, Inc. Corporation (CDE.N) Earnings Conference Call
Positive
Record Free Cash Flow: 1. Record Free Cash Flow: Coeur Mining achieved $69 million in free cash flow during Q3 2024, marking a significant milestone in the company's financial performance.
Production Increase Report: 2. Increased Production: The company reported a 20% increase in both silver and gold production at its Rochester operation compared to the previous quarter.
Quarterly Revenue Surge: 3. Strong Revenue Growth: Coeur Mining experienced multiyear highs in quarterly revenue, with adjusted EBITDA reaching $126 million in Q3 2024, driven by higher metal prices and lower operating costs.
Debt Reduction Achievement: 4. Debt Reduction: The company reduced its revolving credit facility by $50 million, bringing the drawn amount down to $225 million, while also achieving a net debt-to-EBITDA ratio below 2x for the first time in three years.
SilverCrest Acquisition Impact: 5. Acquisition of SilverCrest Metals: The agreement to acquire SilverCrest is expected to enhance Coeur's production capabilities significantly, projecting over 21 million ounces of silver and 432,000 ounces of gold in 2025, along with $700 million in EBITDA.
Negative
Operating Cost Analysis: 1. High Operating Costs: Coeur Mining reported an operating cost per ounce of $1,113 for gold and $15.67 for silver, indicating a significant expense burden despite a 12% decrease in costs compared to the previous quarter.
High Debt Concerns: 2. Debt Levels Remain High: The company ended the quarter with $225 million drawn on its revolving credit facility, highlighting ongoing debt concerns despite recent repayments.
Cash Liquidity Issues: 3. Cash Position Concerns: Coeur finished the quarter with only $77 million in cash, which raises questions about liquidity and financial flexibility moving forward.
Production Challenges Ahead: 4. Production Uncertainty: While production increased by approximately 20% at Rochester, the company acknowledged that recoveries are still lower than expected due to larger size fractions, indicating potential operational inefficiencies.
Acquisition Integration Challenges: 5. Integration Risks: The upcoming acquisition of SilverCrest Metals presents integration challenges, with the need for regulatory approvals and shareholder votes, which could complicate future operations and financial stability.
CDE FAQs
How does CDE typically perform around its earnings report dates?
Is Coeur Mining, Inc. (CDE) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
CDE Earning Call Sentiment
Coeur Mining, Inc. (CDE) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CDE.N
-10.25%Positive
The earnings call summary presents a positive outlook with strong financial performance, increased production, and effective debt reduction strategies. The acquisition of SilverCrest and the Rochester optimization are promising, despite regulatory risks and supply chain challenges. The Q&A session indicates alignment with internal production models and a clear path for the acquisition, enhancing future growth prospects. While there are some uncertainties, the overall sentiment remains positive, supported by improved operational efficiencies and strategic initiatives, suggesting a likely stock price increase of 2% to 8% over the next two weeks.
