National Bank Financial Forecasts Coeur Mining Q3 Earnings

Coeur Mining, Inc. (NYSE:CDE) – National Bank Financial issued their Q3 2024 earnings per share (EPS) estimates for shares of Coeur Mining in a report issued on Tuesday, October 22nd. National Bank Financial analyst M. Parkin expects that the basic materials company will post earnings of $0.07 per share for the quarter. The consensus estimate for Coeur Mining’s current full-year earnings is $0.11 per share.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $222.03 million for the quarter, compared to analyst estimates of $242.18 million. Coeur Mining had a negative return on equity of 4.59% and a negative net margin of 8.33%. The business’s revenue was up 25.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.06) earnings per share.

A number of other analysts have also weighed in on CDE. Canaccord Genuity Group upped their price objective on Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Roth Mkm increased their price target on Coeur Mining from $8.00 to $8.50 and gave the company a “buy” rating in a research report on Wednesday, September 25th. BMO Capital Markets lifted their price objective on Coeur Mining from $7.50 to $8.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Cantor Fitzgerald lowered shares of Coeur Mining from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 8th. Finally, Raymond James raised their target price on shares of Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a report on Friday, September 20th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $7.81.

Coeur Mining Stock Down 4.4 %

Shares of NYSE:CDE opened at $6.80 on Thursday. Coeur Mining has a 52-week low of $2.00 and a 52-week high of $7.72. The company has a quick ratio of 0.45, a current ratio of 1.20 and a debt-to-equity ratio of 0.59. The business has a fifty day moving average of $6.54 and a two-hundred day moving average of $5.89. The stock has a market cap of $2.71 billion, a P/E ratio of -21.92 and a beta of 1.65.

Institutional Investors Weigh In On Coeur Mining

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC grew its holdings in shares of Coeur Mining by 831.5% during the second 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 last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Coeur Mining in the 2nd quarter valued at about $49,000. Hohimer Wealth Management LLC purchased a new position in Coeur Mining during the 2nd quarter worth approximately $57,000. WINTON GROUP Ltd purchased a new position in Coeur Mining during the 2nd quarter worth approximately $57,000. Finally, CIBC Asset Management Inc acquired a new position in Coeur Mining during the second quarter worth approximately $59,000. 63.01% of the stock is currently 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.