Q3 2024 EPS Estimates for Coeur Mining, Inc. Cut by Raymond James (NYSE:CDE)

Coeur Mining, Inc. (NYSE:CDE) – Equities research analysts at Raymond James dropped their Q3 2024 earnings estimates for Coeur Mining in a report issued on Monday, September 23rd. Raymond James analyst B. Macarthur now anticipates that the basic materials company will earn $0.02 per share for the quarter, down from their prior estimate of $0.04. Raymond James has a “Market Perform” rating and a $7.00 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 Q4 2024 earnings at $0.07 EPS.

Several other equities analysts also recently commented on the company. BMO Capital Markets boosted their price objective on Coeur Mining from $7.50 to $8.00 and gave the company an “outperform” rating in a research report on Monday. Roth Mkm boosted their price target on Coeur Mining from $8.00 to $8.50 and gave the stock a “buy” rating in a report on Wednesday. Finally, Cantor Fitzgerald downgraded Coeur Mining from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $7.83.

Coeur Mining Stock Up 1.1 %

CDE opened at $7.51 on Wednesday. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of -24.23 and a beta of 1.64. 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 fifty day moving average is $6.16 and its 200 day moving average is $5.43. Coeur Mining has a fifty-two week low of $2.00 and a fifty-two week high of $7.72.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. The company had revenue of $222.03 million during the quarter, compared to analyst estimates of $242.18 million. Coeur Mining had a negative net margin of 8.33% and a negative return on equity of 4.59%. The firm’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.06) EPS.

Hedge Funds Weigh In On Coeur Mining

Several institutional investors have recently bought and sold shares of CDE. CWM LLC increased its holdings in shares of Coeur Mining by 831.5% in the 2nd quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock worth $28,000 after buying an additional 4,490 shares during the last quarter. Ballentine Partners LLC bought a new stake in Coeur Mining during the first quarter worth approximately $46,000. StoneX Group Inc. purchased a new stake in Coeur Mining during the first quarter valued at approximately $49,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Coeur Mining during the second quarter valued at approximately $49,000. Finally, &PARTNERS bought a new stake in shares of Coeur Mining in the 1st quarter valued at approximately $54,000. 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.