Coeur Mining, Inc. (NYSE:CDE) Forecasted to Earn Q1 2023 Earnings of ($0.01) Per Share

Coeur Mining, Inc. (NYSE:CDE – Get Rating) – Equities researchers at Raymond James issued their Q1 2023 earnings per share estimates for shares of Coeur Mining in a research note issued on Tuesday, April 19th. Raymond James analyst B. Macarthur forecasts that the basic materials company will post earnings of ($0.01) per share for the quarter. Raymond James has a “Market Perform” rating and a $5.75 price objective on the stock. Raymond James also issued estimates for Coeur Mining’s Q2 2023 earnings at $0.00 EPS, Q3 2023 earnings at $0.01 EPS, Q4 2023 earnings at $0.01 EPS and FY2023 earnings at $0.01 EPS.

Coeur Mining (NYSE:CDE – Get Rating) last issued its quarterly earnings results on Wednesday, February 16th. The basic materials company reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.09). The firm had revenue of $207.80 million during the quarter, compared to analysts’ expectations of $206.73 million. Coeur Mining had a negative return on equity of 0.14% and a negative net margin of 3.75%. Coeur Mining’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.08 earnings per share.

A number of other research firms have also recently commented on CDE. Noble Financial raised Coeur Mining from a “market perform” rating to an “outperform” rating and set a $5.25 target price on the stock in a research note on Monday, January 31st. StockNews.com assumed coverage on Coeur Mining in a report on Thursday, March 31st. They set a “sell” rating on the stock. Zacks Investment Research downgraded Coeur Mining from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 2nd. TheStreet downgraded Coeur Mining from a “c-” rating to a “d+” rating in a report on Wednesday, December 29th. Finally, Canaccord Genuity Group downgraded Coeur Mining from a “buy” rating to a “hold” rating and set a $4.75 price target on the stock. in a report on Thursday, February 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $6.75.

NYSE CDE opened at $5.10 on Thursday. Coeur Mining has a 12 month low of $4.12 and a 12 month high of $11.14. The stock has a market cap of $1.42 billion, a P/E ratio of -46.36 and a beta of 1.77. The stock’s fifty day moving average price is $4.69 and its 200-day moving average price is $5.33. The company has a current ratio of 1.23, a quick ratio of 0.67 and a debt-to-equity ratio of 0.57.

Institutional investors and hedge funds have recently modified their holdings of the business. Byrne Asset Management LLC purchased a new stake in Coeur Mining in the first quarter worth about $39,000. CIBC Asset Management Inc purchased a new stake in Coeur Mining in the third quarter worth about $66,000. CWM LLC purchased a new stake in shares of Coeur Mining during the fourth quarter worth about $71,000. AlphaCrest Capital Management LLC purchased a new stake in shares of Coeur Mining during the third quarter worth about $76,000. Finally, Ensign Peak Advisors Inc purchased a new stake in shares of Coeur Mining during the fourth quarter worth about $80,000. Institutional investors and hedge funds own 62.94% of the company’s stock.

In other news, CFO Thomas S. Whelan bought 10,000 shares of the stock in a transaction on Friday, February 25th. The shares were bought at an average price of $4.25 per share, with a total value of $42,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Michael Routledge purchased 11,760 shares of Coeur Mining stock in a transaction on Friday, February 25th. The stock was bought at an average price of $4.26 per share, with a total value of $50,097.60. The disclosure for this purchase can be found here. In the last three months, insiders acquired 27,760 shares of company stock worth $119,108. 1.61% of the stock is owned by corporate insiders.

About Coeur Mining (Get Rating)

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 holds 100% interests in the Palmarejo gold and silver mine covering an area of approximately 67,296 net acres located in the State of Chihuahua in Northern Mexico; the Rochester silver and gold mine that covers an area of approximately 43,441net acres situated in northwestern Nevada; the Kensington gold mine comprising 3,972 net acres located to the north of Juneau, Alaska; the Wharf gold mine covering an area of approximately 3,243 net acres situated in the northern Black Hills of western South Dakota; and the Silvertip silver-zinc-lead mine comprising 97,298 net acres located in northern British Columbia, Canada.

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