Coeur Mining Inc. engages in the ownership, operation, exploration, and development of silver and gold mining properties primarily in the United States, Mexico, Bolivia, Argentina, Australia, Ecuador, Chile, and New Zealand. The company was founded in 1928 and is based in Chicago, Illinois.
CDE Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Coeur Mining Inc. To summarize, we found that Coeur Mining Inc ranked in the 2th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 99%. In terms of the factors that were most noteworthy in this DCF analysis for CDE, they are:
The compound growth rate in the free cash flow of Coeur Mining Inc over the past 4.2 years is -0.26%; that's better than only 9.42% of cash flow producing equities in the Basic Materials sector, where it is classified.
Coeur Mining Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -13.52. This coverage rate is greater than that of only 6.8% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Basic Materials that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as CDE, try ASH, AVD, DD, HBM, and OSN.
PI Financial Corp., Haywood Securities Inc. and Cantor Fitzgerald Canada Corporation acted as co-lead underwriters for the Secondary Offering for a syndicate of underwriters including BMO Nesbitt Burns Inc. and Cormark Securities Inc. pursuant to an underwriting agreement with Metalla and Coeur dated June 23, 2020 . The net proceeds of the Secondary Offering were paid directly to Coeur, and Metalla did not receive any proceeds from the Secondary Offering.
VANCOUVER, BC , June 30, 2020 /CNW/ - Metalla Royalty & Streaming Ltd. ("Metalla" or the "Company") (MTA.V) (NYSE American: MTA) is pleased to announce that, further to the news release dated June 22, 2020 , it has completed the acquisition of a net 1.0% royalty interest on the operating Wharf mine ("Wharf") owned by Coeur Mining, Inc. (CDE) from third parties for total consideration of $5.77 million , consisting of $1.0 million in cash and the issuance of 899,201 Metalla common shares. Wharf has been in production since 1983 and is an open pit, heap leach operation located in the Northern Black Hills of South Dakota acquired by Coeur in February 2015 from Goldcorp Inc. for cash consideration of approximately $99.5 million .
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Coeur Mining, Inc.’s ("Coeur" or the "Company") (NYSE: CDE) Senior Vice President and Chief Financial Officer, Thomas S. Whelan will participate in the Fifth Annual Goldman Sachs Leveraged Finance Conference on Thursday, June 25, 2020.