FY2024 EPS Estimates for Coeur Mining Lowered by Analyst

Coeur Mining, Inc. (NYSE:CDE) – Research analysts at National Bank Financial cut their FY2024 earnings per share (EPS) estimates for Coeur Mining in a research note issued on Monday, February 10th. National Bank Financial analyst M. Parkin now expects that the basic materials company will post earnings of $0.18 per share for the year, down from their previous forecast 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.

A number of other analysts have also recently weighed in on CDE. StockNews.com upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Cantor Fitzgerald upgraded shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. Finally, Roth Mkm restated a “buy” rating and issued a $8.50 price target (down previously from $9.00) on shares of Coeur Mining in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Coeur Mining has an average rating of “Moderate Buy” and an average target price of $7.81.

Coeur Mining Stock Performance

Shares of CDE opened at $6.99 on Wednesday. The company’s 50 day simple moving average is $6.36 and its 200-day simple moving average is $6.37. The firm has a market cap of $2.79 billion, a PE ratio of -232.76 and a beta of 1.59. Coeur Mining has a 12-month low of $2.42 and a 12-month 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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CDE. SG Americas Securities LLC boosted its stake in shares of Coeur Mining by 32.7% in the third quarter. SG Americas Securities LLC now owns 63,454 shares of the basic materials company’s stock valued at $437,000 after buying an additional 15,621 shares in the last quarter. CWM LLC boosted its position in shares of Coeur Mining by 93.2% during the 3rd quarter. CWM LLC now owns 9,716 shares of the basic materials company’s stock worth $67,000 after purchasing an additional 4,686 shares in the last quarter. Creative Planning grew its stake in shares of Coeur Mining by 27.7% during the 3rd quarter. Creative Planning now owns 41,046 shares of the basic materials company’s stock worth $282,000 after purchasing an additional 8,914 shares during the period. SPC Financial Inc. increased its holdings in shares of Coeur Mining by 78.3% in the 3rd quarter. SPC Financial Inc. now owns 20,500 shares of the basic materials company’s stock valued at $141,000 after purchasing an additional 9,000 shares in the last quarter. Finally, U S Global Investors Inc. lifted its stake in shares of Coeur Mining by 160.4% in the third quarter. U S Global Investors Inc. now owns 586,000 shares of the basic materials company’s stock valued at $4,032,000 after purchasing an additional 361,000 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

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.