Q1 2024 EPS Estimates for Coeur Mining, Inc. (NYSE:CDE) Lowered by Cormark

Coeur Mining, Inc. (NYSE:CDE) – Stock analysts at Cormark cut their Q1 2024 earnings per share estimates for Coeur Mining in a report released on Monday, April 22nd. Cormark analyst R. Gray now forecasts that the basic materials company will post earnings of ($0.08) per share for the quarter, down from their prior estimate of ($0.03). The consensus estimate for Coeur Mining’s current full-year earnings is ($0.08) per share.

Other research analysts have also recently issued reports about the company. Raymond James boosted their target price on Coeur Mining from $3.75 to $4.00 and gave the stock a “market perform” rating in a research note on Monday, April 8th. Roth Mkm started coverage on Coeur Mining in a research note on Tuesday, April 9th. They set a “buy” rating and a $5.40 target price for the company. National Bank Financial reissued an “outperform spec market weight” rating on shares of Coeur Mining in a research note on Monday, April 8th. BMO Capital Markets boosted their target price on 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 Capital reissued a “buy” rating on shares of Coeur Mining in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $4.21.

Coeur Mining Trading Up 5.9 %

Shares of NYSE CDE opened at $4.82 on Wednesday. Coeur Mining has a twelve month low of $2.00 and a twelve month high of $5.47. The company has a current ratio of 0.92, a quick ratio of 0.38 and a debt-to-equity ratio of 0.51. The stock has a fifty day simple moving average of $3.61 and a 200-day simple moving average of $3.07. The stock has a market capitalization of $1.88 billion, a PE ratio of -15.55 and a beta of 1.82.

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

Institutional Trading of Coeur Mining

Institutional investors have recently bought and sold shares of the business. Atria Wealth Solutions Inc. purchased a new stake in Coeur Mining during the 4th quarter worth about $33,000. Rathbones Group PLC purchased a new stake in Coeur Mining during the 3rd quarter worth about $35,000. Forum Financial Management LP purchased a new stake in shares of Coeur Mining in the 4th quarter valued at about $40,000. Ballentine Partners LLC purchased a new stake in shares of Coeur Mining in the 1st quarter valued at about $46,000. Finally, &PARTNERS purchased a new stake in shares of Coeur Mining in the 1st quarter valued at about $54,000. 63.01% of the stock is owned by hedge funds and other 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.