FY2024 EPS Estimate for Coeur Mining Reduced by Analyst

Coeur Mining, Inc. (NYSE:CDE) – Research analysts at National Bank Financial cut their FY2024 EPS estimates for shares of Coeur Mining in a note issued to investors on Monday, February 10th. National Bank Financial analyst M. Parkin now anticipates that the basic materials company will earn $0.18 per share for the year, down from their previous forecast of $0.20. The consensus estimate for Coeur Mining’s current full-year earnings is $0.22 per share. National Bank Financial also issued estimates for Coeur Mining’s Q4 2024 earnings at $0.12 EPS and FY2025 earnings at $0.53 EPS.

Other equities research analysts have also recently issued research reports about the stock. StockNews.com raised shares of Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Cantor Fitzgerald upgraded shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. Finally, Roth Mkm restated a “buy” rating and issued a $8.50 price objective (down from $9.00) on shares of Coeur Mining in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $7.81.

Coeur Mining Trading Up 4.4 %

Shares of CDE opened at $7.29 on Wednesday. The stock has a market capitalization of $2.91 billion, a P/E ratio of -242.92 and a beta of 1.59. The company has a quick ratio of 0.39, a current ratio of 1.09 and a debt-to-equity ratio of 0.53. The firm has a fifty day simple moving average of $6.37 and a two-hundred day simple moving average of $6.37. Coeur Mining has a twelve month low of $2.42 and a twelve month high of $7.72.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CDE. SG Americas Securities LLC increased its stake in shares of Coeur Mining by 32.7% in the 3rd quarter. SG Americas Securities LLC now owns 63,454 shares of the basic materials company’s stock worth $437,000 after acquiring an additional 15,621 shares in the last quarter. CWM LLC increased its stake in shares of Coeur Mining by 93.2% in the 3rd quarter. CWM LLC now owns 9,716 shares of the basic materials company’s stock worth $67,000 after acquiring an additional 4,686 shares in the last quarter. Creative Planning increased its stake in shares of Coeur Mining by 27.7% in the 3rd quarter. Creative Planning now owns 41,046 shares of the basic materials company’s stock worth $282,000 after acquiring an additional 8,914 shares in the last quarter. SPC Financial Inc. increased its stake in shares of Coeur Mining by 78.3% in the 3rd quarter. SPC Financial Inc. now owns 20,500 shares of the basic materials company’s stock worth $141,000 after acquiring an additional 9,000 shares in the last quarter. Finally, U S Global Investors Inc. increased its stake in shares of Coeur Mining by 160.4% in the 3rd quarter. U S Global Investors Inc. now owns 586,000 shares of the basic materials company’s stock worth $4,032,000 after acquiring an additional 361,000 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors.

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.