Coeur Mining FY2024 EPS Increased by National Bank Financial

Coeur Mining, Inc. (NYSE:CDE) – Equities researchers at National Bank Financial raised their FY2024 earnings per share (EPS) estimates for Coeur Mining in a report issued on Tuesday, October 22nd. National Bank Financial analyst M. Parkin now forecasts that the basic materials company will post earnings of $0.21 per share for the year, up from their prior forecast of $0.13. The consensus estimate for Coeur Mining’s current full-year earnings is $0.11 per share. National Bank Financial also issued estimates for Coeur Mining’s FY2025 earnings at $0.69 EPS.

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

Coeur Mining Stock Performance

NYSE CDE opened at $6.80 on Friday. The stock’s fifty day moving average is $6.54 and its two-hundred day moving average is $5.89. The firm has a market capitalization of $2.71 billion, a P/E ratio of -21.92 and a beta of 1.65. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.45 and a current ratio of 1.20. Coeur Mining has a fifty-two week low of $2.00 and a fifty-two week high of $7.72.

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

Institutional Investors Weigh In On Coeur Mining

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp raised its position in Coeur Mining by 6.5% in 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 purchasing an additional 2,345,791 shares during the period. Vanguard Group Inc. raised its position in Coeur Mining by 12.5% in 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 purchasing an additional 3,989,352 shares during the period. Tidal Investments LLC purchased a new stake in Coeur Mining in the first quarter valued at $41,587,000. American Century Companies Inc. raised its position in Coeur Mining by 248.1% in 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 purchasing an additional 4,606,711 shares during the period. Finally, Millennium Management LLC raised its position in Coeur Mining by 2.6% in the second quarter. Millennium Management LLC now owns 2,833,850 shares of the basic materials company’s stock valued at $15,926,000 after purchasing an additional 72,423 shares during the period. Hedge funds and other institutional investors 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.