Coeur Mining FY2024 EPS Lifted by National Bank Financial

Coeur Mining, Inc. (NYSE:CDE) – Equities researchers at National Bank Financial increased their FY2024 earnings estimates for Coeur Mining in a research note issued to investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin now expects that the basic materials company will earn $0.21 per share for the year, up from their previous estimate 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.

CDE has been the topic of several other research reports. Canaccord Genuity Group increased their target price on shares of Coeur Mining from $7.00 to $7.75 and gave the company a “buy” rating in a report on Tuesday, October 8th. Raymond James increased their target price on Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a report on Friday, September 20th. Cantor Fitzgerald cut Coeur Mining from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 8th. Roth Mkm increased their price objective on Coeur Mining from $8.00 to $8.50 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Finally, BMO Capital Markets raised 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $7.81.

Coeur Mining Stock Down 2.6 %

Shares of CDE opened at $7.11 on Friday. The firm has a market cap of $2.84 billion, a P/E ratio of -22.94 and a beta of 1.65. Coeur Mining has a 1 year low of $2.00 and a 1 year high of $7.72. The stock has a 50 day simple moving average of $6.50 and a two-hundred day simple moving average of $5.87. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.20 and a quick ratio of 0.45.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data 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 company had revenue of $222.03 million during the quarter, compared to the consensus estimate of $242.18 million. Coeur Mining had a negative net margin of 8.33% and a negative return on equity of 4.59%. The firm’s revenue was up 25.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.06) EPS.

Institutional Investors Weigh In On Coeur Mining

Several institutional investors and hedge funds have recently bought and sold shares of CDE. Tidal Investments LLC bought a new position in shares of Coeur Mining during the first quarter valued at approximately $41,587,000. American Century Companies Inc. raised its holdings in Coeur Mining by 248.1% in the 2nd quarter. American Century Companies Inc. now owns 6,463,587 shares of the basic materials company’s stock worth $36,325,000 after purchasing an additional 4,606,711 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Coeur Mining by 12.5% in the 4th quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock worth $116,885,000 after purchasing an additional 3,989,352 shares during the period. Van ECK Associates Corp lifted its position in shares of Coeur Mining by 6.5% in the 1st quarter. Van ECK Associates Corp now owns 38,624,849 shares of the basic materials company’s stock worth $145,616,000 after purchasing an additional 2,345,791 shares during the period. Finally, M&G Plc bought a new stake in shares of Coeur Mining during the 2nd quarter valued at about $9,966,000. 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.