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Coeur D'alene Mines (CDE)
NYSE:CDE
Holding CDE?
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.12Last Year’s EPS
-$0.02Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -0.51%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong quarter for Coeur Mining with significant financial improvements, strategic acquisitions, and operational successes, despite some ongoing operational challenges at the Rochester site.Company Guidance
In the Coeur Mining Q3 2024 earnings call, the company reported strong financial metrics, marking a significant inflection point with a substantial increase in free cash flow. Key performance indicators included a $50 million reduction in revolving credit, an adjusted EBITDA nearing $300 million, and multiyear highs in quarterly revenue, net income, and free cash flow. The company achieved a 15% hike in metal prices and a 12% reduction in operating costs per ounce, resulting in $69 million of free cash flow and $126 million of adjusted EBITDA for the quarter. The guidance reaffirmed full-year targets, projecting continued operational strength and debt reduction. Coeur also announced its acquisition of SilverCrest Metals, which is expected to enhance its production to over 21 million ounces of silver and 432,000 ounces of gold, targeting over $700 million in EBITDA and $350 million in free cash flow by 2025. The company's leverage ratio dropped below 2x, with plans to repay the remaining revolving credit by mid-2025.Strong Quarterly Financial Performance
Double-digit quarter-over-quarter and year-over-year increases in quarterly revenue, adjusted EBITDA, net income, and free cash flow. Free cash flow reached $69 million, and adjusted EBITDA was $126 million for the third quarter.
Debt Reduction and Improved Leverage Ratios
Paid down $50 million of the revolving credit facility, reducing it to $225 million. Net debt-to-EBITDA ratio fell below 2x for the first time in three years.
SilverCrest Acquisition
Announced agreement to acquire SilverCrest Metals, expected to enhance the company with significant silver and gold production, boosting expected 2025 EBITDA to over $700 million and free cash flow to approximately $350 million.
Operational Success at Rochester and Other Sites
Production increases at Rochester with silver and gold production up by 20% compared to the previous quarter. Palmarejo, Kensington, and Wharf operations also reported strong performance, with Wharf achieving an all-time record high in gold production.
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CDE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CDE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $5.91 | $6.59 | +11.51% |
| Aug 07, 2024 | $5.12 | $5.38 | +5.08% |
| May 01, 2024 | $4.58 | $4.79 | +4.59% |
| Feb 21, 2024 | $2.58 | $2.66 | +3.10% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Coeur D'alene Mines (CDE) report earnings?
Coeur D'alene Mines (CDE) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Coeur D'alene Mines (CDE) earnings time?
Coeur D'alene Mines (CDE) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CDE EPS forecast?
CDE EPS forecast for the fiscal quarter 2024 (Q4) is $0.12.
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