Equities Analysts Issue Forecasts for Coeur Mining, Inc.’s Q1 2023 Earnings (NYSE:CDE)

Coeur Mining, Inc. (NYSE:CDEGet Rating) – Equities researchers at Raymond James issued their Q1 2023 earnings per share (EPS) estimates for Coeur Mining in a research note issued to investors on Thursday, August 4th. Raymond James analyst B. Macarthur forecasts that the basic materials company will earn ($0.01) per share for the quarter. Raymond James has a “Market Perform” rating and a $6.00 price target on the stock. The consensus estimate for Coeur Mining’s current full-year earnings is ($0.03) per share. Raymond James also issued estimates for Coeur Mining’s Q2 2023 earnings at ($0.01) EPS, Q3 2023 earnings at $0.00 EPS and Q4 2023 earnings at $0.00 EPS.

Coeur Mining (NYSE:CDEGet Rating) last issued its earnings results on Wednesday, May 4th. The basic materials company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The business had revenue of $188.20 million for the quarter, compared to analyst estimates of $193.63 million. Coeur Mining had a negative return on equity of 4.91% and a negative net margin of 16.73%. Coeur Mining’s revenue was down 6.9% on a year-over-year basis. During the same period last year, the business posted $0.06 EPS.

Several other brokerages also recently weighed in on CDE. BMO Capital Markets reduced their price objective on shares of Coeur Mining from $4.75 to $3.75 and set a “market perform” rating for the company in a research report on Thursday. Canaccord Genuity Group downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating and decreased their price objective for the company from $3.75 to $3.50 in a research note on Friday. Finally, Canaccord Genuity Group cut Coeur Mining from a “buy” rating to a “hold” rating and cut their target price for the stock from $3.75 to $3.50 in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Coeur Mining has an average rating of “Hold” and an average price target of $4.40.

Coeur Mining Stock Performance

Shares of CDE opened at $3.12 on Friday. The company has a market capitalization of $876.11 million, a price-to-earnings ratio of -6.24 and a beta of 1.76. Coeur Mining has a 52-week low of $2.54 and a 52-week high of $7.64. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 0.51. The stock has a 50 day moving average price of $3.27 and a 200 day moving average price of $4.03.

Institutional Investors Weigh In On Coeur Mining

A number of institutional investors and hedge funds have recently made changes to their positions in CDE. Handelsbanken Fonder AB increased its position in Coeur Mining by 4.9% in the 4th quarter. Handelsbanken Fonder AB now owns 53,529 shares of the basic materials company’s stock valued at $270,000 after acquiring an additional 2,500 shares during the period. Strs Ohio increased its holdings in shares of Coeur Mining by 2.7% in the first quarter. Strs Ohio now owns 101,500 shares of the basic materials company’s stock valued at $451,000 after purchasing an additional 2,700 shares during the period. Sprott Inc. raised its stake in shares of Coeur Mining by 0.3% during the first quarter. Sprott Inc. now owns 951,656 shares of the basic materials company’s stock worth $4,235,000 after purchasing an additional 2,999 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Coeur Mining by 6.4% during the first quarter. Raymond James & Associates now owns 50,555 shares of the basic materials company’s stock worth $225,000 after purchasing an additional 3,050 shares during the period. Finally, Profund Advisors LLC grew its position in Coeur Mining by 11.2% in the 1st quarter. Profund Advisors LLC now owns 30,902 shares of the basic materials company’s stock valued at $138,000 after buying an additional 3,102 shares during the last quarter. 58.12% of the stock is owned by hedge funds and other institutional investors.

About Coeur Mining

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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 holds 100% interests in the Palmarejo gold and silver mine covering an area of approximately 67,296 net acres located in the State of Chihuahua in Northern Mexico; the Rochester silver and gold mine that covers an area of approximately 43,441net acres situated in northwestern Nevada; the Kensington gold mine comprising 3,972 net acres located to the north of Juneau, Alaska; the Wharf gold mine covering an area of approximately 3,243 net acres situated in the northern Black Hills of western South Dakota; and the Silvertip silver-zinc-lead mine comprising 97,298 net acres located in northern British Columbia, Canada.

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Earnings History and Estimates for Coeur Mining (NYSE:CDE)

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