uploads///Revenue Estimates

Factors that Impact Analysts’ Revenue Estimates for Coeur Mining

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Feb. 1 2018, Updated 9:04 a.m. ET

Coeur Mining’s 4Q17 revenues

The revenue estimates by analysts serve as a proxy for a mining company’s volumes sold multiplied by its prices received. Currently, the consensus for Coeur Mining’s (CDE) sales is $228.6 million, implying year-over-year (or YoY) growth of 43.6%.

This growth is due to the company’s actual production growth of 17.0% and the increase in the prices of gold and silver in 2017 compared to 2016. Coeur Mining’s actual revenues were flat YoY in 3Q17.

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Coeur Mining’s annual revenues

For 2017, Wall Street analysts covering Coeur Mining are calling for revenues of $781.2 million, which implies a 17.3% YoY rise in revenues. This growth in sales should be supported by 9.0% growth in the company’s silver equivalent production as well as the increase in precious metal prices.

CDE’s revenue estimates for 2018 and 2019 are $761.6 million and $902.2 million, respectively. These figures imply YoY growth of -2.5% and 18.5%, respectively. Coeur Mining’s actual revenues improved by 3.0% YoY in 2016 due to higher precious metal prices.

Benefit from higher precious metal prices

Among the other silver and gold miners (SIL) (GDXJ), Pan American Silver (PAAS), AngloGold Ashanti (AU), Hecla Mining (HL), and Silver Standard Resources (SSRI) expect to benefit from higher precious metal prices in 2017. On an average, silver prices increased 6.0%, and gold prices increased 13.0%.

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