Analysts Set Expectations for Coeur Mining FY2024 Earnings

Coeur Mining, Inc. (NYSE:CDE) – Equities researchers at National Bank Financial lowered their FY2024 earnings per share estimates for shares of Coeur Mining in a research report issued on Monday, November 11th. National Bank Financial analyst M. Parkin now anticipates that the basic materials company will post earnings per share of $0.20 for the year, down from their prior estimate of $0.21. The consensus estimate for Coeur Mining’s current full-year earnings is $0.15 per share. National Bank Financial also issued estimates for Coeur Mining’s FY2025 earnings at $0.64 EPS.

CDE has been the topic of several other research reports. Roth Mkm reiterated a “buy” rating and set a $8.50 target price (down previously from $9.00) on shares of Coeur Mining in a report on Friday, November 8th. StockNews.com upgraded Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, November 8th. BMO Capital Markets boosted their price target on Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Canaccord Genuity Group boosted their price target on Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Cantor Fitzgerald raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Coeur Mining currently has an average rating of “Moderate Buy” and an average price target of $7.81.

Coeur Mining Stock Down 1.4 %

Shares of Coeur Mining stock opened at $6.14 on Thursday. The company has a quick ratio of 0.39, a current ratio of 1.09 and a debt-to-equity ratio of 0.53. Coeur Mining has a 12 month low of $2.39 and a 12 month high of $7.72. The business has a fifty day simple moving average of $6.61 and a 200 day simple moving average of $6.06. The stock has a market cap of $2.45 billion, a PE ratio of -207.93 and a beta of 1.65.

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

Hedge Funds Weigh In On Coeur Mining

Hedge funds and other institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC raised its holdings in Coeur Mining by 18.5% during the 1st quarter. Janus Henderson Group PLC now owns 2,723,185 shares of the basic materials company’s stock valued at $10,254,000 after acquiring an additional 424,835 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Coeur Mining by 149.1% in the first quarter. BNP Paribas Financial Markets now owns 323,988 shares of the basic materials company’s stock worth $1,221,000 after purchasing an additional 193,912 shares during the period. Van ECK Associates Corp increased its holdings in shares of Coeur Mining by 1.1% in the third quarter. Van ECK Associates Corp now owns 34,469,783 shares of the basic materials company’s stock worth $251,629,000 after purchasing an additional 365,115 shares during the period. SG Americas Securities LLC increased its holdings in shares of Coeur Mining by 247.7% in the first quarter. SG Americas Securities LLC now owns 113,038 shares of the basic materials company’s stock worth $426,000 after purchasing an additional 80,531 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of Coeur Mining by 84.6% in the second quarter. AQR Capital Management LLC now owns 487,609 shares of the basic materials company’s stock worth $2,740,000 after purchasing an additional 223,529 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

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.