Coeur Mining Is No Longer Cheap, But Growth Still Justifies More Upside
A Seeking Alpha article notes Coeur Mining delivered record revenue and record adjusted EBITDA, plus $388 million in free cash flow, ending the quarter with $1.1 billion in cash and a net cash position. The piece observes that the company's valuation has changed materially, as CDE now trades near sector levels on forward earnings and EV/EBITDA rather than at a large discount.
Why it matters — A Coeur Mining watcher would care because the company's strong financial results coincide with a notable shift in its valuation from a large discount to near-sector multiples.