Cormark Comments on Coeur Mining, Inc.’s FY2025 Earnings (NYSE:CDE)

Coeur Mining, Inc. (NYSE:CDE) – Stock analysts at Cormark boosted their FY2025 earnings per share estimates for shares of Coeur Mining in a report issued on Thursday, August 8th. Cormark analyst R. Gray now anticipates that the basic materials company will post earnings of $0.55 per share for the year, up from their previous estimate of $0.40. The consensus estimate for Coeur Mining’s current full-year earnings is $0.08 per share.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. The company had revenue of $222.03 million for the quarter, compared to analyst estimates of $242.18 million. Coeur Mining had a negative return on equity of 6.28% and a negative net margin of 12.77%. The firm’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.06) earnings per share.

Other analysts have also recently issued reports about the company. Roth Mkm reaffirmed a “buy” rating and set a $8.00 price objective (up from $7.25) on shares of Coeur Mining in a research report on Friday, August 9th. BMO Capital Markets increased their price target on Coeur Mining from $6.75 to $7.50 and gave the stock an “outperform” rating in a report on Friday, July 12th. Raymond James boosted their price objective on shares of Coeur Mining from $5.75 to $6.25 and gave the company a “market perform” rating in a research note on Friday, August 9th. Finally, Cantor Fitzgerald cut shares of 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 issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Coeur Mining currently has a consensus rating of “Moderate Buy” and an average price target of $6.44.

Coeur Mining Stock Performance

Shares of Coeur Mining stock opened at $5.78 on Monday. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of -18.65 and a beta of 1.60. The firm’s fifty day simple moving average is $5.90 and its 200-day simple moving average is $4.67. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.99 and a quick ratio of 0.43. Coeur Mining has a 12 month low of $2.00 and a 12 month high of $6.82.

Hedge Funds Weigh In On Coeur Mining

Several hedge funds have recently added to or reduced their stakes in CDE. Thomist Capital Management LP acquired a new stake in shares of Coeur Mining in the second quarter valued at approximately $1,574,000. First Eagle Investment Management LLC grew its holdings in Coeur Mining by 4.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 2,453,721 shares of the basic materials company’s stock valued at $13,790,000 after buying an additional 93,500 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Coeur Mining by 59.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,024 shares of the basic materials company’s stock worth $90,000 after buying an additional 5,993 shares in the last quarter. Plancorp LLC acquired a new position in shares of Coeur Mining in the second quarter worth $1,305,000. Finally, Old West Investment Management LLC purchased a new stake in shares of Coeur Mining in the second quarter valued at $1,405,000. 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.