Coeur Mining Q4 EPS Beats Estimates, Price Target Lifted to $29
Roth Capital raised Coeur Mining’s price target to $29 from $23 and maintained a Buy rating after Q4 adjusted EPS of $0.35 beat the 32¢ consensus and revenue of $678.85M topped $617.07M estimates. Canaccord downgraded the stock to Hold and cut its price target to $26 from $26.50 citing mixed Q4 results.
1. Analyst Updates
On February 20, Roth Capital raised its price target on Coeur Mining to $29 from $23 and maintained a Buy rating, highlighting strong metals prices since its prior review. Later that day, Canaccord downgraded its rating to Hold and trimmed its price target to $26 from $26.50, citing limited upside potential.
2. Q4 Financial Results
Coeur reported Q4 adjusted EPS of $0.35 versus a 32¢ consensus and generated revenue of $678.85 million compared with $617.07 million expectations, marking its third consecutive quarter of record financial performance.
3. Operational Highlights
CEO Mitchell J. Krebs noted record ore crushing and placement rates at Rochester, $286 million in free cash flow from Las Chispas since mid-February acquisition, and one of Kensington’s strongest quarters following its underground development program.