Coeur Mining, Inc. (NYSE:CDE) to Post Q2 2024 Earnings of $0.02 Per Share, Roth Capital Forecasts

Coeur Mining, Inc. (NYSE:CDE - Free Report) - Stock analysts at Roth Capital issued their Q2 2024 earnings estimates for shares of Coeur Mining in a note issued to investors on Tuesday, April 9th. Roth Capital analyst J. Reagor anticipates that the basic materials company will post earnings of $0.02 per share 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. Roth Capital also issued estimates for Coeur Mining's Q3 2024 earnings at $0.11 EPS, Q4 2024 earnings at $0.07 EPS, FY2024 earnings at $0.17 EPS and FY2025 earnings at $0.37 EPS.

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

CDE has been the topic of several other research reports. Raymond James boosted their price objective on Coeur Mining from $3.75 to $4.00 and gave the stock a "market perform" rating in a report on Monday. BMO Capital Markets upped their price target on shares of Coeur Mining from $3.50 to $4.25 and gave the company a "market perform" rating in a research report on Wednesday. National Bank Financial reaffirmed an "outperform spec market weight" rating on shares of Coeur Mining in a research note on Wednesday, January 3rd. Finally, Roth Mkm assumed coverage on shares of Coeur Mining in a research note on Tuesday. They set a "buy" rating and a $5.40 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Coeur Mining currently has a consensus rating of "Moderate Buy" and an average target price of $4.21.

Coeur Mining Trading Up 1.4 %

Shares of Coeur Mining stock traded up $0.07 on Thursday, reaching $4.79. 8,630,545 shares of the company were exchanged, compared to its average volume of 7,313,873. The company has a current ratio of 0.92, a quick ratio of 0.38 and a debt-to-equity ratio of 0.51. Coeur Mining has a fifty-two week low of $2.00 and a fifty-two week high of $5.37. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of -15.23 and a beta of 1.82. The stock has a fifty day moving average price of $3.21 and a 200-day moving average price of $2.90.

Hedge Funds Weigh In On Coeur Mining

A number of hedge funds have recently modified their holdings of CDE. Vanguard Group Inc. increased its position in Coeur Mining by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 31,864,964 shares of the basic materials company's stock worth $70,740,000 after purchasing an additional 1,716,929 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Coeur Mining by 7.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,153,752 shares of the basic materials company's stock worth $9,221,000 after buying an additional 274,878 shares during the last quarter. Jupiter Asset Management Ltd. raised its position in Coeur Mining by 95.9% during the third quarter. Jupiter Asset Management Ltd. now owns 10,246,050 shares of the basic materials company's stock valued at $22,746,000 after acquiring an additional 5,017,119 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Coeur Mining by 1.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 247,169 shares of the basic materials company's stock valued at $806,000 after acquiring an additional 4,175 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Coeur Mining by 22.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,457,720 shares of the basic materials company's stock worth $30,832,000 after acquiring an additional 1,702,840 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

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.