Q1 2024 EPS Estimates for Coeur Mining, Inc. (NYSE:CDE) Lowered by Cormark

Coeur Mining, Inc. (NYSE:CDE) – Equities researchers at Cormark lowered their Q1 2024 earnings estimates for Coeur Mining in a report issued on Monday, April 22nd. Cormark analyst R. Gray now forecasts that the basic materials company will post earnings per share of ($0.08) for the quarter, down from their prior forecast of ($0.03). The consensus estimate for Coeur Mining’s current full-year earnings is ($0.08) per share.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, February 21st. The basic materials company reported ($0.02) EPS for the quarter. Coeur Mining had a negative net margin of 12.62% and a negative return on equity of 7.79%. The company had revenue of $262.10 million for the quarter.

Several other research analysts have also issued reports on CDE. Roth Mkm started coverage on shares of Coeur Mining in a research report on Tuesday, April 9th. They issued a “buy” rating and a $5.40 price target on the stock. National Bank Financial restated an “outperform spec market weight” rating on shares of Coeur Mining in a research report on Monday, April 8th. BMO Capital Markets lifted their price target on shares of Coeur Mining from $3.50 to $4.25 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. Raymond James lifted their price target on shares of Coeur Mining from $3.75 to $4.00 and gave the stock a “market perform” rating in a research report on Monday, April 8th. Finally, Roth Capital restated a “buy” rating on shares of Coeur Mining in a research 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 given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $4.21.

Coeur Mining Trading Up 5.9 %

Coeur Mining stock opened at $4.82 on Wednesday. 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 firm has a market cap of $1.88 billion, a price-to-earnings ratio of -15.55 and a beta of 1.82. Coeur Mining has a 1 year low of $2.00 and a 1 year high of $5.47. The firm’s 50 day moving average price is $3.61 and its two-hundred day moving average price is $3.07.

Hedge Funds Weigh In On Coeur Mining

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. purchased a new position in Coeur Mining during the 4th quarter worth approximately $33,000. Ballentine Partners LLC acquired a new stake in shares of Coeur Mining during the 1st quarter valued at $46,000. Forum Financial Management LP acquired a new stake in shares of Coeur Mining during the 4th quarter valued at $40,000. &PARTNERS acquired a new stake in shares of Coeur Mining during the 1st quarter valued at $54,000. Finally, Marotta Asset Management boosted its stake in shares of Coeur Mining by 50.0% during the 1st quarter. Marotta Asset Management now owns 15,000 shares of the basic materials company’s stock valued at $57,000 after buying an additional 5,000 shares during the period. 63.01% of the stock is currently owned by hedge funds and other 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.