Research Analysts Issue Forecasts for Coeur Mining, Inc.'s Q1 2024 Earnings (NYSE:CDE)

Coeur Mining, Inc. (NYSE:CDE - Free Report) - Stock analysts at Roth Capital issued their Q1 2024 earnings per share estimates for shares of Coeur Mining in a research report issued to clients and investors on Tuesday, April 9th. Roth Capital analyst J. Reagor forecasts that the basic materials company will post earnings per share of ($0.03) for the quarter. Roth Capital currently has a "Buy" rating on the stock. The consensus estimate for Coeur Mining's current full-year earnings is ($0.05) per share.

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

Several other brokerages have also recently issued reports on CDE. BMO Capital Markets lifted their price objective on Coeur Mining from $3.50 to $4.25 and gave the company a "market perform" rating in a research note on Wednesday. Roth Mkm began coverage on Coeur Mining in a research note on Tuesday. They issued a "buy" rating and a $5.40 price objective for the company. Raymond James boosted their target price on Coeur Mining from $3.75 to $4.00 and gave the stock a "market perform" rating in a research note on Monday. Finally, National Bank Financial restated an "outperform spec market weight" rating on shares of Coeur Mining in a research note on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $4.21.

Coeur Mining Stock Down 4.3 %

Shares of CDE traded down $0.21 during midday trading on Wednesday, hitting $4.72. The company had a trading volume of 11,876,128 shares, compared to its average volume of 7,294,684. The company's 50-day simple moving average is $3.17 and its 200-day simple moving average is $2.88. 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 capitalization of $1.84 billion, a P/E ratio of -15.35 and a beta of 1.82. Coeur Mining has a 1 year low of $2.00 and a 1 year high of $5.37.

Institutional Investors Weigh In On Coeur Mining

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CDE. JPMorgan Chase & Co. lifted its stake in Coeur Mining by 163.3% in the first quarter. JPMorgan Chase & Co. now owns 1,002,353 shares of the basic materials company's stock valued at $4,461,000 after buying an additional 621,717 shares during the last quarter. Raymond James & Associates lifted its stake in Coeur Mining by 6.4% in the first quarter. Raymond James & Associates now owns 50,555 shares of the basic materials company's stock valued at $225,000 after buying an additional 3,050 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Coeur Mining by 5.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 204,214 shares of the basic materials company's stock valued at $909,000 after buying an additional 10,250 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Coeur Mining by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 1,128,208 shares of the basic materials company's stock valued at $5,020,000 after buying an additional 15,716 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in Coeur Mining by 32.1% in the first quarter. Bank of Montreal Can now owns 655,171 shares of the basic materials company's stock valued at $2,936,000 after buying an additional 159,300 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company's stock.

About Coeur Mining

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.