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

Coeur Mining, Inc. (NYSE:CDE) – National Bank Financial issued their Q1 2024 earnings estimates for Coeur Mining in a research report issued on Thursday, April 18th. National Bank Financial analyst M. Parkin forecasts 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) earnings per share (EPS) for the quarter. The business had revenue of $262.10 million during the quarter. Coeur Mining had a negative net margin of 12.62% and a negative return on equity of 7.79%.

Other research analysts have also issued research reports about the company. Raymond James increased their price objective on Coeur Mining from $3.75 to $4.00 and gave the company a “market perform” rating in a report on Monday, April 8th. Roth Capital reiterated a “buy” rating on shares of Coeur Mining in a report on Tuesday, April 9th. BMO Capital Markets boosted their price objective on shares of Coeur Mining from $3.50 to $4.25 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Finally, Roth Mkm began coverage on shares of Coeur Mining in a research note on Tuesday, April 9th. They issued a “buy” rating and a $5.40 target price on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Coeur Mining has a consensus rating of “Moderate Buy” and an average price target of $4.21.

Coeur Mining Price Performance

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

Hedge Funds Weigh In On Coeur Mining

A number of institutional investors and hedge funds have recently bought and sold shares of CDE. Van ECK Associates Corp boosted its holdings in Coeur Mining by 10.9% in the 4th quarter. Van ECK Associates Corp now owns 36,279,058 shares of the basic materials company’s stock valued at $118,269,000 after purchasing an additional 3,556,959 shares during the period. Vanguard Group Inc. lifted its stake in shares of Coeur Mining by 12.5% in the fourth quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock valued at $116,885,000 after buying an additional 3,989,352 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Coeur Mining by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 16,087,106 shares of the basic materials company’s stock valued at $52,445,000 after buying an additional 84,920 shares during the period. Jupiter Asset Management Ltd. grew its position in Coeur Mining by 95.9% during the third quarter. Jupiter Asset Management Ltd. now owns 10,246,050 shares of the basic materials company’s stock worth $22,746,000 after buying an additional 5,017,119 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Coeur Mining by 22.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,457,720 shares of the basic materials company’s stock valued at $30,832,000 after acquiring an additional 1,702,840 shares during the period. Institutional investors own 63.01% of the company’s stock.

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.