Coeur Mining, Inc. (NYSE:CDE – Get 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:CDE – Get 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.
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
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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