Coeur Mining enjoying Barron's bounce

|About: Coeur Mining, Inc. (CDE)|By:, SA News Editor

Coeur Mining (CDE) +2.8% premarket after a weekend Barron's article speculates shares could jump 50% after falling ~60% over the past year, as the silver miner restructures its operations and sentiment improves on the sector.

CDE is posting losses but is profitable on an operating cash flow basis, it has a solid balance sheet with little net debt, and the stock is cheap at around half of book value.

Efforts to improve efficiencies at its mines appear to be working; in the June quarter, production at the Palmarejo mine, the biggest contributor to CDE's cash flow, rebounded Q/Q with silver production up 24% and gold up 23%.