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

Coeur Mining, Inc. (NYSE:CDE) – Analysts at National Bank Financial issued their Q1 2024 earnings per share estimates for Coeur Mining in a report issued on Thursday, April 18th. National Bank Financial analyst M. Parkin forecasts that the basic materials company will earn ($0.05) per share for the quarter. National Bank Financial currently 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 earnings results 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 company had revenue of $262.10 million during the quarter.

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

Coeur Mining Trading Up 1.4 %

NYSE:CDE opened at $4.50 on Monday. Coeur Mining has a 1-year low of $2.00 and a 1-year high of $5.47. The business’s 50-day moving average price is $3.46 and its two-hundred day moving average price is $3.02. 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 firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of -14.52 and a beta of 1.82.

Institutional Trading of Coeur Mining

A number of hedge funds have recently made changes to their positions in the business. Ballentine Partners LLC acquired a new stake in Coeur Mining during the 1st quarter worth approximately $46,000. Salem Investment Counselors Inc. increased its stake in Coeur Mining by 10.6% during the 1st quarter. Salem Investment Counselors Inc. now owns 514,600 shares of the basic materials company’s stock worth $1,940,000 after acquiring an additional 49,500 shares during the period. &PARTNERS bought a new position in Coeur Mining during the 1st quarter worth $54,000. Marotta Asset Management increased its stake in Coeur Mining by 50.0% during the 1st quarter. Marotta Asset Management now owns 15,000 shares of the basic materials company’s stock worth $57,000 after acquiring an additional 5,000 shares during the period. Finally, Vanguard Group Inc. increased its stake in Coeur Mining by 12.5% during the 4th quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock worth $116,885,000 after acquiring an additional 3,989,352 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

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 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.