Roth Capital Forecasts Increased Earnings for Coeur Mining

Coeur Mining, Inc. (NYSE:CDE) – Roth Capital increased their FY2024 earnings estimates for shares of Coeur Mining in a note issued to investors on Friday, November 8th. Roth Capital analyst J. Reagor now forecasts that the basic materials company will earn $0.23 per share for the year, up from their prior forecast of $0.18. The consensus estimate for Coeur Mining’s current full-year earnings is $0.14 per share. Roth Capital also issued estimates for Coeur Mining’s Q4 2024 earnings at $0.17 EPS.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.05. Coeur Mining had a negative net margin of 0.44% and a positive return on equity of 1.81%. The business had revenue of $313.50 million for the quarter, compared to analysts’ expectations of $289.19 million. During the same quarter last year, the firm earned ($0.05) EPS. The firm’s revenue for the quarter was up 61.1% compared to the same quarter last year.

CDE has been the topic of several other research reports. Raymond James raised their price target on shares of Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a research report on Friday, September 20th. BMO Capital Markets lifted their target price on shares of Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Roth Mkm reissued a “buy” rating and set a $8.50 target price (down previously from $9.00) on shares of Coeur Mining in a research report on Friday. StockNews.com raised shares of Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Cantor Fitzgerald raised shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $7.81.

Coeur Mining Price Performance

Shares of NYSE CDE opened at $6.59 on Monday. Coeur Mining has a fifty-two week low of $2.00 and a fifty-two week high of $7.72. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of -219.59 and a beta of 1.65. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.45 and a current ratio of 1.20. The firm’s 50-day simple moving average is $6.56 and its 200 day simple moving average is $6.03.

Institutional Investors Weigh In On Coeur Mining

Large investors have recently modified their holdings of the stock. Janus Henderson Group PLC increased its stake in shares of Coeur Mining by 18.5% during the 1st quarter. Janus Henderson Group PLC now owns 2,723,185 shares of the basic materials company’s stock worth $10,254,000 after purchasing an additional 424,835 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Coeur Mining by 149.1% in the 1st quarter. BNP Paribas Financial Markets now owns 323,988 shares of the basic materials company’s stock valued at $1,221,000 after buying an additional 193,912 shares in the last quarter. Van ECK Associates Corp grew its stake in Coeur Mining by 1.1% in the 3rd quarter. Van ECK Associates Corp now owns 34,469,783 shares of the basic materials company’s stock valued at $251,629,000 after buying an additional 365,115 shares in the last quarter. SG Americas Securities LLC grew its stake in Coeur Mining by 247.7% in the 1st quarter. SG Americas Securities LLC now owns 113,038 shares of the basic materials company’s stock valued at $426,000 after buying an additional 80,531 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Coeur Mining by 84.6% in the 2nd quarter. AQR Capital Management LLC now owns 487,609 shares of the basic materials company’s stock valued at $2,740,000 after buying an additional 223,529 shares in the last quarter. Hedge funds and other institutional investors 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.