Raymond James Comments on Coeur Mining, Inc.’s Q4 2024 Earnings (NYSE:CDE)

Coeur Mining, Inc. (NYSE:CDE) – Stock analysts at Raymond James lowered their Q4 2024 earnings per share estimates for shares of Coeur Mining in a report released on Thursday, August 8th. Raymond James analyst B. Macarthur now anticipates that the basic materials company will earn $0.05 per share for the quarter, down from their previous forecast of $0.06. Raymond James has a “Market Perform” rating and a $6.25 price objective on the stock. The consensus estimate for Coeur Mining’s current full-year earnings is $0.08 per share. Raymond James also issued estimates for Coeur Mining’s FY2025 earnings at $0.27 EPS.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $222.03 million for the quarter, compared to analyst estimates of $242.18 million. Coeur Mining had a negative net margin of 12.77% and a negative return on equity of 6.28%. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.06) earnings per share.

A number of other equities research analysts have also recently issued reports on CDE. BMO Capital Markets upped their price objective on shares of Coeur Mining from $6.75 to $7.50 and gave the stock an “outperform” rating in a report on Friday, July 12th. Roth Mkm reiterated a “buy” rating and set a $8.00 price target (up previously from $7.25) on shares of Coeur Mining in a research note on Friday, August 9th. Finally, Cantor Fitzgerald lowered Coeur Mining from an “overweight” rating to a “neutral” rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Coeur Mining has a consensus rating of “Moderate Buy” and an average price target of $6.44.

Coeur Mining Stock Performance

Shares of CDE opened at $5.78 on Monday. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of -18.65 and a beta of 1.60. The company’s fifty day moving average is $5.90 and its 200-day moving average is $4.67. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.55. Coeur Mining has a 12 month low of $2.00 and a 12 month high of $6.82.

Institutional Investors Weigh In On Coeur Mining

A number of institutional investors have recently added to or reduced their stakes in CDE. CWM LLC increased its stake in Coeur Mining by 831.5% in the second quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 4,490 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in Coeur Mining during the fourth quarter valued at approximately $33,000. Forum Financial Management LP bought a new stake in shares of Coeur Mining in the 4th quarter valued at approximately $40,000. Ballentine Partners LLC acquired a new position in shares of Coeur Mining in the 1st quarter worth approximately $46,000. Finally, StoneX Group Inc. bought a new position in shares of Coeur Mining during the 1st quarter worth approximately $49,000. 63.01% of the stock is owned by institutional investors and hedge funds.

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.