FY2024 EPS Estimates for Coeur Mining Reduced by Analyst

Coeur Mining, Inc. (NYSE:CDE - Free Report) - National Bank Financial decreased their FY2024 earnings per share estimates for shares of Coeur Mining in a report released on Monday, November 11th. National Bank Financial analyst M. Parkin now expects that the basic materials company will post earnings per share of $0.20 for the year, down from their previous estimate 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.

CDE has been the subject of a number of other reports. Raymond James boosted their price objective on Coeur Mining from $6.25 to $7.00 and gave the company a "market perform" rating in a research report on Friday, September 20th. Cantor Fitzgerald upgraded Coeur Mining from a "hold" rating to a "strong-buy" rating in a report on Thursday, November 7th. 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 note on Friday, November 8th. Canaccord Genuity Group increased their price objective 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, BMO Capital Markets raised their price objective on shares of Coeur Mining from $7.50 to $8.00 and gave the company an "outperform" rating in a research note on Monday, September 23rd. Two investment 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 data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $7.81.

Coeur Mining Stock Performance

NYSE CDE traded up $0.12 on Thursday, hitting $6.20. 5,294,913 shares of the company's stock traded hands, compared to its average volume of 7,882,731. The firm has a market capitalization of $2.48 billion, a PE ratio of -202.60 and a beta of 1.65. The firm's 50-day moving average price is $6.60 and its two-hundred day moving average price is $6.06. Coeur Mining has a 1-year low of $2.30 and a 1-year high of $7.72. The company has a current ratio of 1.09, a quick ratio of 0.39 and a debt-to-equity ratio of 0.53.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.05. Coeur Mining had a negative net margin of 0.44% and a positive return on equity of 1.78%. The firm had revenue of $313.50 million during the quarter, compared to the consensus estimate of $289.19 million. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. The company's revenue was up 61.1% on a year-over-year basis.

Institutional Trading of Coeur Mining

Hedge funds have recently bought and sold shares of the business. Ballentine Partners LLC grew its stake in shares of Coeur Mining by 18.3% in the second quarter. Ballentine Partners LLC now owns 14,435 shares of the basic materials company's stock worth $81,000 after purchasing an additional 2,232 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in Coeur Mining by 12.7% during the first 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 during the last quarter. CWM LLC grew its holdings in shares of Coeur Mining by 831.5% in the second quarter. CWM LLC now owns 5,030 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 4,490 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Coeur Mining by 32.4% during the 1st 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, Vanguard Personalized Indexing Management LLC boosted its position in Coeur Mining by 59.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,024 shares of the basic materials company's stock valued at $90,000 after acquiring an additional 5,993 shares in the last quarter. 63.01% of the stock is currently owned by 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.