Equities Analysts Set Expectations for Coeur Mining, Inc.’s Q1 2024 Earnings (NYSE:CDE)

Coeur Mining, Inc. (NYSE:CDE) – Equities researchers at National Bank Financial issued their Q1 2024 earnings estimates for shares of Coeur Mining in a note issued to investors on Thursday, April 18th. National Bank Financial analyst M. Parkin anticipates that the basic materials company will post earnings of ($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 issued its quarterly earnings results on Wednesday, February 21st. The basic materials company reported ($0.02) earnings per share for the quarter. The company had revenue of $262.10 million during the quarter. Coeur Mining had a negative return on equity of 7.79% and a negative net margin of 12.62%.

Other equities research analysts also recently issued reports about the stock. Roth Mkm assumed 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. Raymond James upped their price objective on shares of Coeur Mining from $3.75 to $4.00 and gave the company a “market perform” rating in a report on Monday, April 8th. BMO Capital Markets upped their price objective on shares of Coeur Mining from $3.50 to $4.25 and gave the company a “market perform” rating in a report on Wednesday, April 10th. Finally, Roth Capital reaffirmed 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 given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $4.21.

Coeur Mining Price Performance

Shares of NYSE:CDE opened at $4.62 on Monday. The company’s 50-day moving average is $3.53 and its 200 day moving average is $3.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.38 and a current ratio of 0.92. The company has a market capitalization of $1.80 billion, a P/E ratio of -14.89 and a beta of 1.82. Coeur Mining has a fifty-two week low of $2.00 and a fifty-two week high of $5.47.

Institutional Investors Weigh In On Coeur Mining

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Coeur Mining by 5.7% during the third quarter. Vanguard Group Inc. now owns 31,864,964 shares of the basic materials company’s stock valued at $70,740,000 after buying an additional 1,716,929 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Coeur Mining by 7.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,153,752 shares of the basic materials company’s stock valued at $9,221,000 after buying an additional 274,878 shares during the period. Jupiter Asset Management Ltd. increased its position in shares of Coeur Mining by 95.9% during the third quarter. Jupiter Asset Management Ltd. now owns 10,246,050 shares of the basic materials company’s stock valued at $22,746,000 after buying an additional 5,017,119 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Coeur Mining by 1.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 247,169 shares of the basic materials company’s stock valued at $806,000 after buying an additional 4,175 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Coeur Mining by 22.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,457,720 shares of the basic materials company’s stock valued at $30,832,000 after buying an additional 1,702,840 shares during the period. 63.01% of the stock is currently owned by institutional investors.

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.