On September 30 2023, COEUR MINING ($NYSE:CDE) announced their earnings results for Q3 of FY2023, with total revenue amounting to USD 194.6 million, a 6.3% increase from the same quarter in the previous year. Net income for the quarter was reported as USD -21.1 million, which was significantly better than the -57.4 million in the year prior.
GoodWhale conducted an analysis of COEUR MINING‘s wellbeing for investors to assess the potential of the company. Based on GoodWhale’s Star Chart, COEUR MINING is strong in asset, medium in profitability, and weak in dividend and growth. This leads us to classify COEUR MINING as an ‘elephant’, a type of company that is rich in assets after deducting off liabilities. This type of company can be attractive to conservative investors, such as pension funds, seeking to protect their capital and receive regular returns. Additionally, COEUR MINING has an intermediate health score of 5/10 considering its cashflows and debt, which suggests that it is likely to sustain future operations in times of crisis. Overall, COEUR MINING appears to be a good option for those seeking a balance between risk and returns. More…
Star Chart Analysis
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Coeur Mining. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Coeur Mining. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Coeur Mining. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Coeur Mining are shown below. More…
Income Statement Ratios
Balance Sheet Ratios
Cash Flow Ratios
Other Supplementary Items
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The company operates mines and projects in the United States, Mexico, Bolivia, and Argentina. The company’s primary competitors in the gold mining industry are Mining Global Inc, Hochschild Mining PLC, and Metals Exploration PLC.
Mining Global Inc is a Canadian company that is engaged in the business of mineral exploration and development. The company has a market capitalization of 5.78 million as of 2022 and a return on equity of 3.18%. Mining Global Inc is focused on the exploration and development of gold and silver projects in the Americas. The company’s primary asset is the San Juan Silver Property, located in the San Juan Mountains of Colorado, USA.
– Hochschild Mining PLC ($LSE:HOC)
Hochschild Mining PLC is a precious metals mining company with a focus on silver production. The company has a market capitalization of 298.56 million as of 2022 and a return on equity of 6.23%. Hochschild Mining PLC operates mines in Peru, Mexico, and Argentina. The company was founded in 1911 and is headquartered in London, the United Kingdom.
– Metals Exploration PLC ($LSE:MTL)
Metals Exploration PLC is a UK-based company engaged in the exploration, development, and production of minerals, primarily gold. The company has a market capitalization of 17.23 million as of 2022 and a return on equity of 130.94%. Metals Exploration is focused on the development of its flagship property, the Runruno Gold-Molybdenum Project in the Philippines. The company also has several other exploration projects in the Philippines, as well as in Papua New Guinea, Indonesia, and Fiji.
Investors in Coeur Mining should be encouraged by the company’s performance in the third quarter of FY2023, with total revenue increasing by 6.3% and net income improving dramatically to -21.1 million from -57.4 million a year ago. The company’s focus on cost reduction and efficiency enhancement efforts have paid off, resulting in increased operational and financial performance compared to the prior year. Looking ahead, Coeur Mining’s outlook for the rest of the fiscal year is positive and investors should be bullish on this stock.