FY2024 EPS Estimates for Coeur Mining Increased by Analyst

Coeur Mining, Inc. (NYSE:CDE) – Analysts at Roth Capital upped their FY2024 earnings estimates for Coeur Mining in a report released on Friday, November 8th. Roth Capital analyst J. Reagor now expects that the basic materials company will earn $0.23 per share for the year, up from their prior forecast of $0.18. The consensus estimate for Coeur Mining’s current full-year earnings is $0.16 per share. Roth Capital also issued estimates for Coeur Mining’s Q4 2024 earnings at $0.17 EPS.

Other research analysts have also issued research reports about the stock. Cantor Fitzgerald raised shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. Roth Mkm reissued a “buy” rating and issued a $8.50 price objective (down previously from $9.00) on shares of Coeur Mining in a research note on Friday. Canaccord Genuity Group increased their price target on shares of Coeur Mining from $7.00 to $7.75 and gave the company a “buy” rating in a research note on Tuesday, October 8th. BMO Capital Markets lifted their price objective on Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Finally, StockNews.com upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Coeur Mining presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.81.

Coeur Mining Stock Down 2.9 %

CDE stock opened at $6.40 on Monday. Coeur Mining has a 52-week low of $2.00 and a 52-week high of $7.72. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.09 and a quick ratio of 0.45. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of -205.60 and a beta of 1.65. The company has a 50-day moving average of $6.56 and a two-hundred day moving average of $6.04.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.05. The business had revenue of $313.50 million during the quarter, compared to analyst estimates of $289.19 million. Coeur Mining had a negative net margin of 0.44% and a positive return on equity of 1.78%. Coeur Mining’s quarterly revenue was up 61.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.05) EPS.

Institutional Investors Weigh In On Coeur Mining

A number of hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its position in Coeur Mining by 149.1% during the 1st quarter. BNP Paribas Financial Markets now owns 323,988 shares of the basic materials company’s stock worth $1,221,000 after acquiring an additional 193,912 shares during the last quarter. SG Americas Securities LLC increased its position in Coeur Mining by 247.7% during the first quarter. SG Americas Securities LLC now owns 113,038 shares of the basic materials company’s stock worth $426,000 after acquiring an additional 80,531 shares during the period. Swiss National Bank raised its position in shares of Coeur Mining by 8.5% in the first quarter. Swiss National Bank now owns 755,500 shares of the basic materials company’s stock valued at $2,848,000 after buying an additional 59,500 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Coeur Mining by 32.4% in the 1st quarter. Russell Investments Group Ltd. now owns 24,337 shares of the basic materials company’s stock valued at $92,000 after acquiring an additional 5,956 shares in the last quarter. Finally, ProShare Advisors LLC grew its holdings in shares of Coeur Mining by 17.6% during the 1st quarter. ProShare Advisors LLC now owns 64,488 shares of the basic materials company’s stock worth $243,000 after purchasing an additional 9,648 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Company Profile

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.