- Coeur Mining is one of the worst-performing silver miners this year, down more than 20% year-to-date.
- The underperformance is likely due to a soft Q1 performance from an operational standpoint, as well as a disappointing first half for precious metals prices.
- While the stock is down 35% from its highs, the value proposition still isn't great, with Coeur trading at more than 22x FY2021 earnings estimates.
- So, while the stock could get an oversold bounce after two quarterly declines in a row, I see much better opportunities elsewhere from an investment standpoint.
For further details see:
Coeur Mining: Digging Into The Valuation After The Drop