FY2024 EPS Estimate for Coeur Mining Reduced by Analyst

Coeur Mining, Inc. (NYSE:CDE) – Stock analysts at National Bank Financial cut their FY2024 EPS estimates for shares of Coeur Mining in a research note issued to investors on Monday, February 10th. National Bank Financial analyst M. Parkin now forecasts that the basic materials company will post earnings per share of $0.18 for the year, down from their prior forecast of $0.20. The consensus estimate for Coeur Mining’s current full-year earnings is $0.22 per share. National Bank Financial also issued estimates for Coeur Mining’s Q4 2024 earnings at $0.12 EPS and FY2025 earnings at $0.53 EPS.

CDE has been the topic of a number of other research reports. StockNews.com raised shares of Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Roth Mkm reaffirmed a “buy” rating and set a $8.50 price target (down previously from $9.00) on shares of Coeur Mining in a report on Friday, November 8th. Finally, Cantor Fitzgerald raised shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $7.81.

Coeur Mining Stock Performance

Shares of NYSE CDE opened at $7.29 on Wednesday. The firm’s 50-day moving average price is $6.37 and its 200-day moving average price is $6.37. The company has a quick ratio of 0.39, a current ratio of 1.09 and a debt-to-equity ratio of 0.53. The company has a market cap of $2.91 billion, a PE ratio of -242.92 and a beta of 1.59. Coeur Mining has a 52-week low of $2.42 and a 52-week high of $7.72.

Institutional Investors Weigh In On Coeur Mining

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Coeur Mining by 8.5% during the 4th quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company’s stock worth $232,805,000 after acquiring an additional 3,178,785 shares during the period. Van ECK Associates Corp raised its stake in Coeur Mining by 1.1% during the 3rd quarter. Van ECK Associates Corp now owns 34,469,783 shares of the basic materials company’s stock worth $251,629,000 after acquiring an additional 365,115 shares during the period. Geode Capital Management LLC raised its stake in Coeur Mining by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 9,146,107 shares of the basic materials company’s stock worth $62,937,000 after acquiring an additional 89,863 shares during the period. Schroder Investment Management Group raised its stake in Coeur Mining by 22.8% during the 4th quarter. Schroder Investment Management Group now owns 2,989,680 shares of the basic materials company’s stock worth $16,772,000 after acquiring an additional 555,430 shares during the period. Finally, First Eagle Investment Management LLC raised its stake in Coeur Mining by 1.2% during the 4th quarter. First Eagle Investment Management LLC now owns 2,504,978 shares of the basic materials company’s stock worth $14,328,000 after acquiring an additional 30,600 shares during the period. Institutional investors own 63.01% of the company’s stock.

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 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.