Coeur Mining, Inc. (NYSE:CDE – Get Rating) – Equities research analysts at Raymond James issued their Q1 2023 earnings per share estimates for shares of Coeur Mining in a note issued to investors on Thursday, August 4th. Raymond James analyst B. Macarthur expects that the basic materials company will post earnings of ($0.01) per share for the quarter. Raymond James currently has a “Market Perform” rating and a $6.00 target price on the stock. The consensus estimate for Coeur Mining’s current full-year earnings is ($0.03) per share. Raymond James also issued estimates for Coeur Mining’s Q2 2023 earnings at ($0.01) EPS, Q3 2023 earnings at $0.00 EPS and Q4 2023 earnings at $0.00 EPS.
Several other brokerages also recently weighed in on CDE. BMO Capital Markets dropped their target price on Coeur Mining from $4.75 to $3.75 and set a “market perform” rating on the stock in a research note on Thursday. Canaccord Genuity Group lowered Coeur Mining from a “buy” rating to a “hold” rating and dropped their price target for the stock from $3.75 to $3.50 in a research note on Friday. Finally, Canaccord Genuity Group lowered shares of Coeur Mining from a “buy” rating to a “hold” rating and decreased their price objective for the company from $3.75 to $3.50 in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $4.40.
Coeur Mining Stock Performance
Coeur Mining (NYSE:CDE – Get Rating) last posted its quarterly earnings data on Wednesday, May 4th. The basic materials company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). Coeur Mining had a negative return on equity of 4.91% and a negative net margin of 16.73%. The firm had revenue of $188.20 million for the quarter, compared to the consensus estimate of $193.63 million. During the same quarter last year, the firm earned $0.06 EPS. The company’s revenue was down 6.9% compared to the same quarter last year.
Hedge Funds Weigh In On Coeur Mining
Hedge funds and other institutional investors have recently bought and sold shares of the business. Handelsbanken Fonder AB boosted its holdings in shares of Coeur Mining by 4.9% in the 4th quarter. Handelsbanken Fonder AB now owns 53,529 shares of the basic materials company’s stock valued at $270,000 after acquiring an additional 2,500 shares during the last quarter. Strs Ohio lifted its holdings in shares of Coeur Mining by 2.7% in the 1st quarter. Strs Ohio now owns 101,500 shares of the basic materials company’s stock valued at $451,000 after buying an additional 2,700 shares during the period. Sprott Inc. boosted its stake in shares of Coeur Mining by 0.3% in the first quarter. Sprott Inc. now owns 951,656 shares of the basic materials company’s stock worth $4,235,000 after buying an additional 2,999 shares during the last quarter. Raymond James & Associates grew its holdings in Coeur Mining by 6.4% during the first quarter. Raymond James & Associates now owns 50,555 shares of the basic materials company’s stock worth $225,000 after acquiring an additional 3,050 shares during the period. Finally, Profund Advisors LLC raised its position in Coeur Mining by 11.2% during the first quarter. Profund Advisors LLC now owns 30,902 shares of the basic materials company’s stock valued at $138,000 after acquiring an additional 3,102 shares in the last quarter. Institutional investors and hedge funds own 58.12% 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 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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