Coeur Mining Q3 revenue jumps 77% on Canadian acquisitions

Overview

• US precious metals miner's Q3 revenue rose 77% yr/yr to $1.0 bln

• Adjusted EPS for Q3 was $0.10

• Company repurchased $111 mln in shares, nearly half of Q3 free cash flow

Outlook

• Coeur targets 2026 production of 630,000 oz gold, 18.7 mln oz silver, 40 mln lbs copper

• Company expects 2026 adj EBITDA over $2 bln, free cash flow above $1.3 bln

• Company expects stronger operational and financial results in 2027 due to Canadian operations

Result Drivers

• CANADIAN ACQUISITIONS - Co said newly-acquired Canadian operations were the main driver of 77% yr/yr revenue growth

• GOLD PRODUCTION - Higher gold output at Rochester and Wharf contributed to sequential production growth

• LOWER SALES AT KEY MINES - Lower metal sales at New Afton, Rainy River, and Palmarejo reduced operating cash flow

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the gold peer group is "buy"

• Wall Street's median 12-month price target for Coeur Mining, Inc. is $23.00, about 71.5% above its November 3 closing price of $13.41

• The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago

Reuters Recommended Reads

• Nov 3 - Hecla Mining's Q3 revenue rises 18%, beats estimates

• Nov 3 - SSR Mining Q3 revenue and adjusted net income rise year over year

• Nov 3 - Canada's Ivanhoe Mines Q3 profit rises, lowers 2027 Kamoa-Kakula copper guidance

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)