FY2024 EPS Estimates for Coeur Mining Increased by Analyst

Coeur Mining, Inc. (NYSE:CDE - Free Report) - Stock analysts at Roth Capital boosted their FY2024 earnings estimates for shares of Coeur Mining in a report issued on Friday, November 8th. Roth Capital analyst J. Reagor now anticipates that the basic materials company will post earnings per share of $0.23 for the year, up from their prior forecast of $0.18. The consensus estimate for Coeur Mining's current full-year earnings is $0.16 per share. Roth Capital also issued estimates for Coeur Mining's Q4 2024 earnings at $0.17 EPS.

Other equities analysts have also issued reports about the stock. Cantor Fitzgerald raised shares of Coeur Mining from a "hold" rating to a "strong-buy" rating in a research note on Thursday. Roth Mkm reaffirmed a "buy" rating and set a $8.50 target price (down from $9.00) on shares of Coeur Mining in a report on Friday. Raymond James increased their price target on shares of Coeur Mining from $6.25 to $7.00 and gave the stock a "market perform" rating in a research report on Friday, September 20th. Canaccord Genuity Group increased their price target on shares of 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 increased their price target on shares of Coeur Mining from $7.50 to $8.00 and gave the stock an "outperform" rating in a research report on Monday, September 23rd. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Coeur Mining currently has an average rating of "Moderate Buy" and a consensus target price of $7.81.

Coeur Mining Trading Down 6.8 %

Shares of CDE traded down $0.45 during trading hours on Monday, reaching $6.14. The stock had a trading volume of 7,155,303 shares, compared to its average volume of 7,833,345. The company has a quick ratio of 0.45, a current ratio of 1.09 and a debt-to-equity ratio of 0.53. Coeur Mining has a 52 week low of $2.00 and a 52 week high of $7.72. The firm has a 50-day moving average of $6.56 and a 200 day moving average of $6.04. The company has a market cap of $2.45 billion, a P/E ratio of -205.60 and a beta of 1.65.

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

Institutional Trading of Coeur Mining

Hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC bought a new position in Coeur Mining during the first quarter worth $41,587,000. American Century Companies Inc. increased its stake in Coeur Mining by 248.1% in the second quarter. American Century Companies Inc. now owns 6,463,587 shares of the basic materials company's stock valued at $36,325,000 after purchasing an additional 4,606,711 shares in the last quarter. M&G Plc bought a new stake in Coeur Mining in the second quarter valued at $9,966,000. Renaissance Technologies LLC bought a new stake in shares of Coeur Mining during the second quarter worth about $4,822,000. Finally, Janus Henderson Group PLC increased its position in shares of Coeur Mining by 18.5% during the first quarter. Janus Henderson Group PLC now owns 2,723,185 shares of the basic materials company's stock worth $10,254,000 after acquiring an additional 424,835 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.

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.