Coeur Mining Stock Earnings Estimates Lowered by Scotiabank

Key Points

• Scotiabank cut its FY2026 EPS estimate for Coeur Mining to $0.78 from $0.88, while maintaining a Sector Outperform rating and $23.50 price target. Its FY2027 estimate is $1.20 per share.
• Coeur Mining’s latest quarter fell short of expectations, reporting EPS of $0.10 versus $0.14 expected and revenue of $983.6 million versus $1.14 billion expected. Revenue was nevertheless up 77.4% year over year.
• Analyst views are mixed: the stock has a Moderate Buy consensus rating and an average price target of $25.28, though Zacks Research and Weiss Ratings recently downgraded it.

Coeur Mining, Inc. (NYSE:CDE - Free Report) - Equities research analysts at Scotiabank reduced their FY2026 EPS estimates for shares of Coeur Mining in a research note issued to investors on Wednesday, November 11th. Scotiabank analyst E. Winmill now expects that the basic materials company will post earnings of $0.78 per share for the year, down from their previous estimate of $0.88. Scotiabank currently has a "Sector Outperform" rating and a $23.50 target price on the stock. The consensus estimate for Coeur Mining's current full-year earnings is $0.77 per share. Scotiabank also issued estimates for Coeur Mining's FY2027 earnings at $1.20 EPS.

Several other analysts have also weighed in on CDE. Zacks Research lowered shares of Coeur Mining from a "hold" rating to a "strong sell" rating in a research report on Monday. Roth Capital set a $19.00 price objective on Coeur Mining in a report on Friday, August 7th. New Street Research set a $23.50 price objective on Coeur Mining in a research note on Monday. Weiss Ratings lowered Coeur Mining from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, October 27th. Finally, Needham & Company LLC set a $23.50 target price on Coeur Mining in a report on Monday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $25.28.

Coeur Mining Price Performance

NYSE:CDE opened at $14.32 on Friday. The company has a 50-day moving average of $16.98 and a 200-day moving average of $18.57. The company has a market capitalization of $14.64 billion, a price-to-earnings ratio of 16.16 and a beta of 1.46. Coeur Mining has a 52 week low of $12.71 and a 52 week high of $27.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.60 and a current ratio of 3.79.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.04). Coeur Mining had a return on equity of 8.12% and a net margin of 19.25%. The firm had revenue of $983.62 million for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the business posted $0.23 EPS. Coeur Mining's revenue for the quarter was up 77.4% compared to the same quarter last year.

Institutional Investors Weigh In On Coeur Mining

Hedge funds have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership increased its position in Coeur Mining by 92.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 27,981,273 shares of the basic materials company's stock valued at $524,669,000 after acquiring an additional 13,418,041 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Coeur Mining during the second quarter worth approximately $104,760,000. Renaissance Technologies LLC lifted its position in shares of Coeur Mining by 889.6% during the first quarter. Renaissance Technologies LLC now owns 6,870,813 shares of the basic materials company's stock worth $128,965,000 after purchasing an additional 6,176,524 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Coeur Mining by 34.4% during the first quarter. Dimensional Fund Advisors LP now owns 12,872,677 shares of the basic materials company's stock valued at $241,484,000 after purchasing an additional 3,291,431 shares during the last quarter. Finally, Amundi grew its stake in shares of Coeur Mining by 107.0% during the first quarter. Amundi now owns 6,164,731 shares of the basic materials company's stock valued at $115,712,000 after purchasing an additional 3,186,761 shares during the last quarter. Institutional investors own 63.01% of the company's stock.

Insiders Place Their Bets

In other news, EVP Casey Nault sold 10,000 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $20.00, for a total transaction of $200,000.00. Following the sale, the executive vice president owned 540,086 shares in the company, valued at approximately $10,801,720. This represents a 1.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas Whelan sold 6,000 shares of the firm's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $20.87, for a total value of $125,220.00. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 51,000 shares of company stock valued at $1,055,070. 0.90% of the stock is currently owned by corporate insiders.

Coeur Mining Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Monday, November 30th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a yield of 27.0%. Coeur Mining's payout ratio is currently 4.60%.

Coeur Mining Company Profile

Coeur Mining, Inc. is a precious metals producer focused on the exploration, development and operation of mines. The company primarily produces silver and gold, with its output also including related metals. Coeur operates mines in the United States and Mexico. Its portfolio includes silver-and-gold operations as well as gold-focused mines, and the company also conducts exploration to identify and develop mineral resources. Founded in 1928, Coeur Mining is headquartered in Chicago. Mitchell J. Krebs serves as the company's president and chief executive officer.

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