Coeur Mining, Inc. (NYSE:CDE) Expected to Post Q3 2024 Earnings of $0.09 Per Share

Coeur Mining, Inc. (NYSE:CDE) – Research analysts at Roth Capital cut their Q3 2024 earnings per share estimates for Coeur Mining in a research note issued on Thursday, August 8th. Roth Capital analyst J. Reagor now anticipates that the basic materials company will earn $0.09 per share for the quarter, down from their prior estimate of $0.11. The consensus estimate for Coeur Mining’s current full-year earnings is $0.08 per share. Roth Capital also issued estimates for Coeur Mining’s Q4 2024 earnings at $0.03 EPS, Q2 2025 earnings at $0.09 EPS, Q4 2025 earnings at $0.09 EPS and FY2025 earnings at $0.35 EPS.

CDE has been the subject of a number of other reports. Roth Mkm reissued a “buy” rating and issued a $8.00 price objective (up from $7.25) on shares of Coeur Mining in a research note on Friday, August 9th. BMO Capital Markets upped their target price on shares of Coeur Mining from $6.75 to $7.50 and gave the stock an “outperform” rating in a report on Friday, July 12th. Cantor Fitzgerald cut Coeur Mining from an “overweight” rating to a “neutral” rating in a report on Thursday, August 8th. Finally, Raymond James boosted their price objective on Coeur Mining from $5.75 to $6.25 and gave the company a “market perform” rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $6.44.

Coeur Mining Price Performance

NYSE CDE opened at $5.78 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.55. Coeur Mining has a 12 month low of $2.00 and a 12 month high of $6.82. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of -18.65 and a beta of 1.60. The company’s 50 day moving average is $5.90 and its two-hundred day moving average is $4.67.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, August 7th. The basic materials company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. The firm had revenue of $222.03 million during the quarter, compared to analyst estimates of $242.18 million. Coeur Mining had a negative return on equity of 6.28% and a negative net margin of 12.77%. Coeur Mining’s revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.06) EPS.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC lifted its position in shares of Coeur Mining by 831.5% in the 2nd quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 4,490 shares during the period. Atria Wealth Solutions Inc. bought a new stake in Coeur Mining during the 4th quarter valued at $33,000. Forum Financial Management LP purchased a new position in shares of Coeur Mining in the 4th quarter valued at $40,000. Ballentine Partners LLC bought a new position in shares of Coeur Mining in the 1st quarter worth $46,000. Finally, StoneX Group Inc. purchased a new stake in shares of Coeur Mining during the 1st quarter worth $49,000. 63.01% of the stock is currently owned by institutional investors.

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.