Coeur Mining, Inc. (NYSE:CDE) to Post Q3 2024 Earnings of $0.11 Per Share, Roth Capital Forecasts

Coeur Mining, Inc. (NYSE:CDE) – Analysts at Roth Capital increased their Q3 2024 earnings per share estimates for shares of Coeur Mining in a report released on Monday, October 7th. Roth Capital analyst J. Reagor now anticipates that the basic materials company will earn $0.11 per share for the quarter, up from their previous estimate of $0.09. The consensus estimate for Coeur Mining’s current full-year earnings is $0.08 per share.

Several other equities research analysts have also weighed in on the company. BMO Capital Markets increased their target price on Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Raymond James increased their target price on Coeur Mining from $6.25 to $7.00 and gave the stock a “market perform” rating in a research report on Friday, September 20th. Cantor Fitzgerald lowered Coeur Mining from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 8th. Roth Mkm increased their target price on Coeur Mining from $8.00 to $8.50 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Finally, Canaccord Genuity Group increased their target price on Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $7.81.

Coeur Mining Price Performance

Shares of NYSE CDE opened at $6.20 on Tuesday. Coeur Mining has a 1-year low of $2.00 and a 1-year high of $7.72. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.20 and a quick ratio of 0.45. The business’s fifty day moving average price is $6.25 and its two-hundred day moving average price is $5.67. The firm has a market capitalization of $2.48 billion, a PE ratio of -20.00 and a beta of 1.65.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. Coeur Mining had a negative return on equity of 4.59% and a negative net margin of 8.33%. The business had revenue of $222.03 million for the quarter, compared to analyst estimates of $242.18 million. During the same period in the prior year, the company posted ($0.06) EPS. The business’s revenue was up 25.3% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CDE. Tidal Investments LLC acquired a new position in shares of Coeur Mining during the first quarter valued at $41,587,000. American Century Companies Inc. boosted its stake in Coeur Mining by 248.1% during the second quarter. American Century Companies Inc. now owns 6,463,587 shares of the basic materials company’s stock valued at $36,325,000 after buying an additional 4,606,711 shares in the last quarter. Vanguard Group Inc. boosted its stake in Coeur Mining by 12.5% during the fourth quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock valued at $116,885,000 after buying an additional 3,989,352 shares in the last quarter. Van ECK Associates Corp boosted its stake in Coeur Mining by 6.5% during the first quarter. Van ECK Associates Corp now owns 38,624,849 shares of the basic materials company’s stock valued at $145,616,000 after buying an additional 2,345,791 shares in the last quarter. Finally, M&G Plc bought a new position in Coeur Mining during the second quarter valued at about $9,966,000. 63.01% of the stock is owned by institutional investors and hedge funds.

About Coeur Mining

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.