National Bank Financial Comments on Coeur Mining, Inc.’s Q4 2023 Earnings (NYSE:CDE)

Coeur Mining, Inc. (NYSE:CDEFree Report) – National Bank Financial issued their Q4 2023 earnings per share (EPS) estimates for shares of Coeur Mining in a report issued on Monday, February 5th. National Bank Financial analyst D. Demarco expects that the basic materials company will post earnings of $0.00 per share for the quarter. National Bank Financial has a “Outperform Spec Market Weight” rating on the stock. The consensus estimate for Coeur Mining’s current full-year earnings is ($0.19) per share. National Bank Financial also issued estimates for Coeur Mining’s FY2024 earnings at $0.23 EPS.

Coeur Mining (NYSE:CDEGet Free Report) last posted its quarterly earnings results on Wednesday, November 8th. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The company had revenue of $194.60 million during the quarter, compared to analysts’ expectations of $238.93 million. Coeur Mining had a negative net margin of 3.78% and a negative return on equity of 9.23%. Coeur Mining’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.16) earnings per share.

Several other research analysts have also weighed in on the company. BMO Capital Markets reiterated a “market perform” rating and issued a $2.75 price objective on shares of Coeur Mining in a research report on Friday, November 3rd. Raymond James lowered their price objective on Coeur Mining from $4.25 to $3.50 and set a “market perform” rating for the company in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $3.75.

Read Our Latest Stock Analysis on CDE

Coeur Mining Price Performance

CDE stock opened at $2.68 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.05 and a quick ratio of 0.41. The business has a 50 day simple moving average of $2.99 and a 200-day simple moving average of $2.67. The firm has a market capitalization of $1.02 billion, a PE ratio of -38.21 and a beta of 1.79. Coeur Mining has a 1 year low of $2.00 and a 1 year high of $4.55.

Institutional Trading of Coeur Mining

Several hedge funds have recently modified their holdings of the stock. Alberta Investment Management Corp purchased a new position in Coeur Mining in the second quarter valued at $29,000. Atria Wealth Solutions Inc. purchased a new position in shares of Coeur Mining during the fourth quarter worth about $33,000. Rathbones Group PLC purchased a new position in shares of Coeur Mining during the third quarter worth about $35,000. Point72 Middle East FZE purchased a new position in shares of Coeur Mining during the fourth quarter worth about $36,000. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Coeur Mining during the third quarter worth about $37,000. 61.55% of the stock is currently owned by institutional investors and hedge funds.

Coeur Mining Company Profile

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Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. It primarily explores for gold, silver, zinc, and lead properties. The company holds 100% interests in the Palmarejo gold and silver mine covering an area of approximately 67,279 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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