FY2025 EPS Forecast for Coeur Mining Raised by Analyst

Coeur Mining, Inc. (NYSE:CDE) – Equities research analysts at National Bank Financial increased their FY2025 EPS estimates for Coeur Mining in a report released on Tuesday, September 23rd. National Bank Financial analyst A. Terentiew now expects that the basic materials company will post earnings of $0.99 per share for the year, up from their prior forecast of $0.91. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Coeur Mining’s current full-year earnings is $0.58 per share.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The business had revenue of $480.65 million for the quarter, compared to analysts’ expectations of $438.40 million. Coeur Mining had a net margin of 13.06% and a return on equity of 14.38%. The business’s revenue was up 116.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.01) earnings per share.

A number of other analysts have also issued reports on CDE. National Bankshares set a $12.00 target price on shares of Coeur Mining in a research note on Friday, June 13th. BMO Capital Markets boosted their target price on shares of Coeur Mining from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Zacks Research raised shares of Coeur Mining to a “hold” rating in a research note on Tuesday, August 12th. Finally, Roth Capital reissued a “buy” rating and set a $13.00 target price on shares of Coeur Mining in a research note on Thursday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Coeur Mining has a consensus rating of “Buy” and an average price target of $9.79.

Coeur Mining Stock Up 4.5%

Shares of CDE opened at $18.21 on Thursday. The firm has a market capitalization of $11.70 billion, a P/E ratio of 49.22 and a beta of 1.19. Coeur Mining has a 12-month low of $4.58 and a 12-month high of $18.52. The company has a current ratio of 1.61, a quick ratio of 0.60 and a debt-to-equity ratio of 0.12. The firm has a fifty day moving average price of $12.62 and a 200-day moving average price of $9.15.

Hedge Funds Weigh In On Coeur Mining

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Coeur Mining by 57.3% in the first quarter. Vanguard Group Inc. now owns 64,003,856 shares of the basic materials company’s stock worth $378,903,000 after purchasing an additional 23,303,638 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Coeur Mining by 26.8% in the first quarter. Dimensional Fund Advisors LP now owns 21,751,422 shares of the basic materials company’s stock worth $128,774,000 after purchasing an additional 4,594,097 shares in the last quarter. Tidal Investments LLC raised its holdings in Coeur Mining by 55.3% in the second quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock worth $183,709,000 after purchasing an additional 7,382,955 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Coeur Mining by 72.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,040,649 shares of the basic materials company’s stock worth $106,801,000 after purchasing an additional 7,579,901 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Coeur Mining by 2.0% in the second quarter. Geode Capital Management LLC now owns 14,979,134 shares of the basic materials company’s stock worth $132,732,000 after purchasing an additional 288,626 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors.

Insider Activity at Coeur Mining

In other Coeur Mining news, SVP Aoife Mcgrath sold 8,000 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $11.69, for a total transaction of $93,520.00. Following the transaction, the senior vice president directly owned 203,318 shares in the company, valued at $2,376,787.42. This represents a 3.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Casey M. Nault sold 102,257 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $12.00, for a total transaction of $1,227,084.00. Following the transaction, the senior vice president owned 568,623 shares in the company, valued at approximately $6,823,476. The trade was a 15.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 516,619 shares of company stock worth $6,626,362 over the last quarter. Corporate insiders own 1.50% 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 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.