- Coeur Mining released its Q4 and FY2020 results this week, reporting production of 9.7 million ounces of silver, down 17% year over year.
- Fortunately, higher metals prices allowed the company to post a substantial increase in annual revenue, with revenue up 10% year over year to ~$786 million.
- While 2020 was a great year for Coeur and the Rochester Expansion offers medium-term growth, the stock is not cheap, trading at more than 15x FY2021 free cash flow estimates.
- Therefore, I continue to see better opportunities elsewhere in the precious metals space and I remain focused on other names with consistent dividend growth and more attractive valuations.
For further details see:
Coeur Mining: Free Cash Flow Surges Despite COVID-19-Related Headwinds