Coeur Mining FY2024 EPS Decreased by National Bank Financial

Coeur Mining, Inc. (NYSE:CDE) – Equities research analysts at National Bank Financial dropped their FY2024 EPS estimates for shares of Coeur Mining in a note issued to investors on Monday, November 11th. National Bank Financial analyst M. Parkin now forecasts that the basic materials company will post earnings of $0.20 per share 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.

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

Several other research analysts also recently commented on CDE. Roth Mkm reissued a “buy” rating and set a $8.50 target price (down previously from $9.00) on shares of Coeur Mining in a research note on Friday, November 8th. Cantor Fitzgerald raised shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. Canaccord Genuity Group upped their price target on shares of Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a report on Tuesday, October 8th. StockNews.com raised Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, Raymond James upped their target price on Coeur Mining from $6.25 to $7.00 and gave the stock a “market perform” rating in a report on Friday, September 20th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Coeur Mining currently has a consensus rating of “Moderate Buy” and an average target price of $7.81.

Coeur Mining Price Performance

Shares of CDE stock opened at $6.23 on Thursday. The business has a fifty day simple moving average of $6.60 and a 200 day simple moving average of $6.06. The company has a market cap of $2.49 billion, a P/E ratio of -202.60 and a beta of 1.65. The company has a quick ratio of 0.39, a current ratio of 1.09 and a debt-to-equity ratio of 0.53. Coeur Mining has a twelve month low of $2.30 and a twelve month high of $7.72.

Institutional Trading of Coeur Mining

Several institutional investors have recently modified their holdings of the business. CWM LLC lifted its holdings in Coeur Mining by 831.5% during the 2nd quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock worth $28,000 after buying an additional 4,490 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Coeur Mining in the second quarter worth approximately $49,000. Hohimer Wealth Management LLC bought a new stake in Coeur Mining in the second quarter valued at approximately $57,000. WINTON GROUP Ltd acquired a new stake in Coeur Mining during the 2nd quarter valued at approximately $57,000. Finally, CIBC Asset Management Inc bought a new position in Coeur Mining during the 2nd quarter worth approximately $59,000. Institutional investors 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.