- Coeur Mining is one of the worst-performing silver miners this year, down 52% year-to-date vs. a 21% decline in the Silver Miners Index.
- The company reported its Q3 results in late October, with revenue down 9% year-over-year, and warned on higher than planned upfront capex at its POA 11 Expansion Project.
- The good news is that after a 60% decline from its February highs, Coeur now trades at a much more reasonable valuation, and is beginning to get short-term oversold.
- So, while I think there are much more attractive ways to play the sector, I would view any pullbacks below US$4.45 as a buying opportunity from a swing-trading standpoint.
For further details see:
Coeur Mining: Valuation Improving After The Drop