FY2024 EPS Estimates for Coeur Mining Cut by Analyst

Coeur Mining, Inc. (NYSE:CDE - Free Report) - National Bank Financial reduced their FY2024 EPS estimates for Coeur Mining in a research report issued to clients and 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 estimate 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.

Several other research analysts have also weighed in on CDE. Cantor Fitzgerald upgraded shares of Coeur Mining from a "hold" rating to a "strong-buy" rating in a research report on Thursday, November 7th. Roth Mkm reaffirmed a "buy" rating and issued a $8.50 price target (down previously from $9.00) on shares of Coeur Mining in a report on Friday, November 8th. Finally, StockNews.com raised shares of Coeur Mining from a "sell" rating to a "hold" rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $7.81.

Coeur Mining Price Performance

CDE traded down $0.61 on Wednesday, hitting $6.62. 29,836,358 shares of the company were exchanged, compared to its average volume of 11,334,689. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.39 and a current ratio of 1.09. The business's fifty day moving average is $6.39 and its 200 day moving average is $6.38. Coeur Mining has a fifty-two week low of $2.42 and a fifty-two week high of $7.72. The firm has a market capitalization of $2.64 billion, a P/E ratio of -220.43 and a beta of 1.59.

Hedge Funds Weigh In On Coeur Mining

Several institutional investors and hedge funds have recently modified their holdings of the company. Orion Resource Partners LP lifted its stake in shares of Coeur Mining by 26.7% during the fourth quarter. Orion Resource Partners LP now owns 38,079 shares of the basic materials company's stock valued at $218,000 after buying an additional 8,025 shares during the period. Freestone Grove Partners LP purchased a new position in shares of Coeur Mining during the fourth quarter valued at approximately $65,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of Coeur Mining during the fourth quarter valued at approximately $591,000. Northern Trust Corp lifted its stake in shares of Coeur Mining by 10.4% during the fourth quarter. Northern Trust Corp now owns 3,926,815 shares of the basic materials company's stock valued at $22,461,000 after buying an additional 369,496 shares during the period. Finally, Optiver Holding B.V. lifted its stake in shares of Coeur Mining by 150.5% during the fourth quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock valued at $47,000 after buying an additional 4,903 shares during the period. 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.