We feel now is a pretty good time to analyse Coeur Mining, Inc.'s (NYSE:CDE) business as it appears the company may be on the cusp of a considerable accomplishment. Coeur Mining, Inc. explores for precious metals in the United States, Canada, and Mexico. The US$2.3b market-cap company's loss lessened since it announced a US$104m loss in the full financial year, compared to the latest trailing-twelve-month loss of US$4.5m, as it approaches breakeven. As path to profitability is the topic on Coeur Mining's investors mind, we've decided to gauge market sentiment. In this article, we will touch on the expectations for the company's growth and when analysts expect it to become profitable.

Coeur Mining is bordering on breakeven, according to the 5 American Metals and Mining analysts. They anticipate the company to incur a final loss in 2023, before generating positive profits of US$80m in 2024. So, the company is predicted to breakeven approximately a year from now or less! At what rate will the company have to grow in order to realise the consensus estimates forecasting breakeven in under 12 months? Using a line of best fit, we calculated an average annual growth rate of 86%, which is extremely buoyant. Should the business grow at a slower rate, it will become profitable at a later date than expected.

Underlying developments driving Coeur Mining's growth isn't the focus of this broad overview, however, take into account that typically a metal and mining business has lumpy cash flows which are contingent on the natural resource mined and stage at which the company is operating. This means, large upcoming growth rates are not abnormal as the company is beginning to reap the benefits of earlier investments.

One thing we would like to bring into light with Coeur Mining is its relatively high level of debt. Typically, debt shouldn't exceed 40% of your equity, which in Coeur Mining's case is 48%. Note that a higher debt obligation increases the risk in investing in the loss-making company.

Next Steps:

There are too many aspects of Coeur Mining to cover in one brief article, but the key fundamentals for the company can all be found in one place – Coeur Mining's company page on Simply Wall St. We've also put together a list of key factors you should further research:

1. Valuation: What is Coeur Mining worth today? Has the future growth potential already been factored into the price? The intrinsic value infographic in our free research report helps visualize whether Coeur Mining is currently mispriced by the market.
2. Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on Coeur Mining's board and the CEO's background.
3. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.