Cormark Has Bullish Estimate for Coeur Mining Q1 Earnings

Coeur Mining, Inc. (NYSE:CDE - Free Report) - Stock analysts at Cormark lifted their Q1 2025 earnings per share estimates for Coeur Mining in a research note issued to investors on Tuesday, April 22nd. Cormark analyst R. Gray now expects that the basic materials company will earn ($0.02) per share for the quarter, up from their prior forecast of ($0.07). Cormark currently has a "Moderate Buy" rating on the stock. The consensus estimate for Coeur Mining's current full-year earnings is $0.58 per share.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, hitting analysts' consensus estimates of $0.11. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. The business had revenue of $305.40 million for the quarter, compared to analysts' expectations of $314.32 million.

A number of other equities research analysts have also recently commented on the company. TD Cowen upgraded Coeur Mining to a "strong-buy" rating in a research report on Tuesday, March 11th. National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a research report on Friday, March 21st. BMO Capital Markets started coverage on Coeur Mining in a research report on Tuesday, February 18th. They set an "outperform" rating and a $9.00 target price on the stock. Raymond James reissued an "outperform" rating and issued a $8.50 price target on shares of Coeur Mining in a report on Wednesday, April 2nd. Finally, Roth Mkm reduced their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a research report on Friday, February 21st. One research analyst has rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $8.10.

Coeur Mining Stock Performance

CDE traded down $0.17 on Thursday, reaching $5.67. The stock had a trading volume of 10,658,214 shares, compared to its average volume of 11,589,745. The business's 50-day moving average price is $5.73 and its two-hundred day moving average price is $6.21. The company has a market cap of $3.62 billion, a P/E ratio of 47.25 and a beta of 1.35. Coeur Mining has a 12-month low of $4.36 and a 12-month high of $7.72. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50.

Institutional Investors Weigh In On Coeur Mining

A number of large investors have recently made changes to their positions in the stock. Barclays PLC grew its holdings in Coeur Mining by 59.2% in the 3rd quarter. Barclays PLC now owns 962,652 shares of the basic materials company's stock valued at $6,624,000 after buying an additional 358,097 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Coeur Mining in the third quarter valued at about $119,000. Franklin Resources Inc. acquired a new stake in Coeur Mining during the third quarter worth about $423,000. JPMorgan Chase & Co. increased its position in Coeur Mining by 88.3% during the third quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company's stock worth $9,761,000 after purchasing an additional 665,452 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Coeur Mining by 139.8% in the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 3,359 shares during the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Coeur Mining news, CFO Thomas S. Whelan acquired 10,000 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average price of $5.25 per share, with a total value of $52,500.00. Following the purchase, the chief financial officer now owns 668,450 shares in the company, valued at approximately $3,509,362.50. The trade was a 1.52 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.56% 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.