Q3 2024 EPS Estimates for Coeur Mining, Inc. Reduced by Analyst (NYSE:CDE)

Coeur Mining, Inc. (NYSE:CDE) – Investment analysts at Raymond James reduced their Q3 2024 earnings estimates for shares of Coeur Mining in a note issued to investors on Monday, September 23rd. Raymond James analyst B. Macarthur now expects that the basic materials company will post earnings per share of $0.02 for the quarter, down from their previous forecast of $0.04. Raymond James currently has a “Market Perform” rating and a $7.00 target price on the stock. The consensus estimate for Coeur Mining’s current full-year earnings is $0.08 per share. Raymond James also issued estimates for Coeur Mining’s Q4 2024 earnings at $0.07 EPS.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $222.03 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 25.3% on a year-over-year basis. During the same period last year, the firm earned ($0.06) earnings per share.

A number of other equities research analysts have also issued reports on CDE. BMO Capital Markets increased their price objective on shares of Coeur Mining from $7.50 to $8.00 and gave the company an “outperform” rating in a report on Monday. Cantor Fitzgerald lowered shares of Coeur Mining from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 8th. Finally, Roth Mkm reiterated a “buy” rating and issued a $8.00 price target (up from $7.25) on shares of Coeur Mining in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $7.67.

Coeur Mining Stock Performance

NYSE:CDE opened at $7.48 on Wednesday. The stock has a 50-day moving average price of $6.14 and a 200 day moving average price of $5.41. Coeur Mining has a 12-month low of $2.00 and a 12-month high of $7.63. The company has a current ratio of 1.20, a quick ratio of 0.45 and a debt-to-equity ratio of 0.59.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CDE. Ballentine Partners LLC lifted its position in Coeur Mining by 18.3% during the second quarter. Ballentine Partners LLC now owns 14,435 shares of the basic materials company’s stock valued at $81,000 after purchasing an additional 2,232 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Coeur Mining by 12.7% during the 1st quarter. Ameritas Investment Partners Inc. now owns 35,796 shares of the basic materials company’s stock valued at $135,000 after buying an additional 4,030 shares in the last quarter. CWM LLC lifted its holdings in shares of Coeur Mining by 831.5% in the 2nd quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 4,490 shares during the last quarter. Marotta Asset Management grew its position in Coeur Mining by 50.0% in the first quarter. Marotta Asset Management now owns 15,000 shares of the basic materials company’s stock worth $57,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Coeur Mining by 32.4% during the first quarter. Russell Investments Group Ltd. now owns 24,337 shares of the basic materials company’s stock worth $92,000 after acquiring an additional 5,956 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

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.