FY2024 EPS Estimates for Coeur Mining Lowered by Analyst

Coeur Mining, Inc. (NYSE:CDE) – Analysts at National Bank Financial reduced their FY2024 earnings per share (EPS) estimates for shares of Coeur Mining in a research report issued to clients and investors on Monday, November 11th. National Bank Financial analyst M. Parkin now anticipates that the basic materials company will earn $0.20 per share for the year, down from their prior forecast of $0.21. The consensus estimate for Coeur Mining’s current full-year earnings is $0.16 per share. National Bank Financial also issued estimates for Coeur Mining’s FY2025 earnings at $0.64 EPS.

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, beating 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 negative net margin of 0.44% and a positive return on equity of 1.78%. The company’s quarterly revenue was up 61.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.05) EPS.

CDE has been the subject of a number of other reports. Cantor Fitzgerald raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. Raymond James raised their price target on Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a report on Friday, September 20th. StockNews.com raised shares of Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Roth Mkm reissued a “buy” rating and issued a $8.50 price objective (down from $9.00) on shares of Coeur Mining in a research report on Friday, November 8th. Finally, BMO Capital Markets lifted their target price on shares of Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $7.81.

Coeur Mining Trading Up 2.5 %

Coeur Mining stock opened at $6.23 on Thursday. The stock has a 50-day simple moving average of $6.60 and a 200 day simple moving average of $6.06. The stock has a market capitalization of $2.49 billion, a P/E ratio of -202.60 and a beta of 1.65. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.39 and a current ratio of 1.09. Coeur Mining has a 52 week low of $2.30 and a 52 week high of $7.72.

Institutional Investors Weigh In On Coeur Mining

A number of institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets raised its stake in Coeur Mining by 149.1% in the 1st 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 in the last quarter. SG Americas Securities LLC raised its position 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 valued at $426,000 after buying an additional 80,531 shares in the last quarter. Swiss National Bank boosted its stake in shares of Coeur Mining by 8.5% in the first quarter. Swiss National Bank now owns 755,500 shares of the basic materials company’s stock valued at $2,848,000 after buying an additional 59,500 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Coeur Mining by 32.4% in the first quarter. Russell Investments Group Ltd. now owns 24,337 shares of the basic materials company’s stock valued at $92,000 after buying an additional 5,956 shares during the period. Finally, ProShare Advisors LLC increased its stake in Coeur Mining by 17.6% during the 1st quarter. ProShare Advisors LLC now owns 64,488 shares of the basic materials company’s stock worth $243,000 after acquiring an additional 9,648 shares during the period. 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.