Coeur Mining Q1 revenue more than doubles on higher metal prices, reaffirms 2026 production guidance

Overview

• US precious metals miner's Q1 revenue more than doubled yr/yr to $856 mln

• Adjusted EBITDA for Q1 nearly quadrupled yr/yr to record $475 mln

• Company, in march, expanded $750 mln share buyback and launched inaugural dividend policy

Outlook

• Coeur reaffirms full-year 2026 production guidance for 680,000-815,000 oz gold and 18.7-21.9 mln oz silver

• Company maintains 2026 copper production guidance at 50-65 mln lbs

• Company expects underground production ramp-up at Rainy River and throughput ramp-up at New Afton in 2026

Result Drivers

• HIGHER METAL PRICES - Co said average realized prices for gold and silver rose 15% and 53% from prior qtr, boosting revenue and earnings

• PRODUCTION GROWTH - Co reported gold and silver production rose 11% and 18% yr/yr, supporting record results

• NEW GOLD TRANSACTION - New Afton and Rainy River mines contributed additional production after March 20 close of New Gold deal

Company press release: ID:nBw5fNMqHa

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", no "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 $26.50, about 54.7% above its May 5 closing price of $17.13

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

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