Coeur Mining, Inc. to Post Q1 2024 Earnings of ($0.08) Per Share, Cormark Forecasts (NYSE:CDE)

Coeur Mining, Inc. (NYSE:CDE) – Equities researchers at Cormark cut their Q1 2024 earnings per share (EPS) estimates for Coeur Mining in a research note issued to investors on Monday, April 22nd. Cormark analyst R. Gray now forecasts that the basic materials company will earn ($0.08) per share for the quarter, down from their previous forecast of ($0.03). The consensus estimate for Coeur Mining’s current full-year earnings is ($0.08) per share.

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

Several other equities analysts have also issued reports on CDE. National Bank Financial reissued an “outperform spec market weight” rating on shares of Coeur Mining in a research note on Monday, April 8th. Raymond James raised their price target on shares of Coeur Mining from $3.75 to $4.00 and gave the stock a “market perform” rating in a report on Monday, April 8th. Roth Mkm started coverage on shares of Coeur Mining in a report on Tuesday, April 9th. They set a “buy” rating and a $5.40 price objective on the stock. BMO Capital Markets increased their price objective on shares of Coeur Mining from $3.50 to $4.25 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Coeur Mining in a research report on Tuesday, April 9th. One investment 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $4.21.

Coeur Mining Stock Down 1.9 %

Shares of NYSE:CDE opened at $4.53 on Wednesday. The business’s 50-day moving average is $3.57 and its 200-day moving average is $3.06. Coeur Mining has a 1 year low of $2.00 and a 1 year high of $5.47. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of -14.61 and a beta of 1.82. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.92 and a quick ratio of 0.38.

Hedge Funds Weigh In On Coeur Mining

A number of hedge funds have recently added to or reduced their stakes in CDE. Atria Wealth Solutions Inc. bought a new position in shares of Coeur Mining in the fourth quarter valued at approximately $33,000. Rathbones Group PLC purchased a new stake in Coeur Mining in the 3rd quarter valued at $35,000. Forum Financial Management LP purchased a new stake in Coeur Mining in the 4th quarter valued at $40,000. Ballentine Partners LLC bought a new position in Coeur Mining during the 1st quarter valued at $46,000. Finally, &PARTNERS purchased a new position in Coeur Mining during the 1st quarter worth $54,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

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.