Coeur Mining, Inc. Expected to Earn Q1 2024 Earnings of ($0.05) Per Share (NYSE:CDE)

Coeur Mining, Inc. (NYSE:CDE) – Research analysts at National Bank Financial issued their Q1 2024 earnings per share (EPS) estimates for Coeur Mining in a report released on Thursday, April 18th. National Bank Financial analyst M. Parkin expects that the basic materials company will post earnings of ($0.05) per share for the quarter. National Bank Financial has a “Outperform Spec Market Weight” rating on the stock. National Bank Financial also issued estimates for Coeur Mining’s FY2025 earnings at $0.12 EPS.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, February 21st. The basic materials company reported ($0.02) EPS for the quarter. Coeur Mining had a negative return on equity of 7.79% and a negative net margin of 12.62%. The business had revenue of $262.10 million during the quarter.

CDE has been the subject of several other reports. Roth Mkm assumed coverage on Coeur Mining in a research report on Tuesday, April 9th. They set a “buy” rating and a $5.40 price objective for the company. Roth Capital restated a “buy” rating on shares of Coeur Mining in a research report on Tuesday, April 9th. BMO Capital Markets increased their price objective on Coeur Mining from $3.50 to $4.25 and gave the company a “market perform” rating in a research note on Wednesday, April 10th. Finally, Raymond James boosted their target price on shares of Coeur Mining from $3.75 to $4.00 and gave the company a “market perform” rating in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $4.21.

Coeur Mining Stock Down 5.4 %

Shares of NYSE CDE opened at $4.26 on Monday. The firm’s 50-day moving average is $3.49 and its two-hundred day moving average is $3.03. The company has a market capitalization of $1.66 billion, a PE ratio of -13.73 and a beta of 1.82. Coeur Mining has a 12-month low of $2.00 and a 12-month high of $5.47. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.92 and a quick ratio of 0.38.

Institutional Trading of Coeur Mining

Hedge funds have recently added to or reduced their stakes in the business. Atria Wealth Solutions Inc. purchased a new position in shares of Coeur Mining during the 4th quarter worth about $33,000. Rathbones Group PLC acquired a new position in Coeur Mining during the third quarter worth approximately $35,000. Forum Financial Management LP purchased a new position in Coeur Mining during the fourth quarter worth approximately $40,000. Ballentine Partners LLC acquired a new position in shares of Coeur Mining in the 1st quarter valued at $46,000. Finally, &PARTNERS acquired a new position in shares of Coeur Mining in the 1st quarter valued at $54,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Company Profile

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.