Raymond James Weighs in on Coeur Mining, Inc.’s FY2022 Earnings (NYSE:CDE)


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Coeur Mining, Inc. (NYSE:CDE) – Analysts at Raymond James issued their FY2022 EPS estimates for Coeur Mining in a research note issued to investors on Monday, April 5th. Raymond James analyst B. Macarthur anticipates that the basic materials company will earn $0.36 per share for the year. Raymond James currently has a “Market Perform” rating and a $10.00 target price on the stock.

Several other brokerages have also issued reports on CDE. Zacks Investment Research lowered shares of Coeur Mining from a “hold” rating to a “sell” rating in a research note on Tuesday, March 16th. Canaccord Genuity lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a research note on Thursday, December 17th. They noted that the move was a valuation call. Finally, Roth Capital raised shares of Coeur Mining from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Thursday, February 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $8.83.

Shares of NYSE CDE opened at $9.34 on Thursday. The firm has a market cap of $2.27 billion, a PE ratio of -8.65 and a beta of 1.98. Coeur Mining has a 12-month low of $3.24 and a 12-month high of $12.60. The company’s fifty day simple moving average is $9.27 and its 200 day simple moving average is $8.68. The company has a quick ratio of 0.58, a current ratio of 1.16 and a debt-to-equity ratio of 0.42.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Tuesday, February 16th. The basic materials company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.05). The firm had revenue of $228.32 million during the quarter, compared to the consensus estimate of $234.01 million. Coeur Mining had a negative net margin of 34.20% and a positive return on equity of 5.56%.

Several hedge funds have recently made changes to their positions in CDE. Amundi Pioneer Asset Management Inc. grew its position in Coeur Mining by 32.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 668,739 shares of the basic materials company’s stock valued at $2,728,000 after buying an additional 162,639 shares during the period. Wells Fargo & Company MN grew its position in Coeur Mining by 0.4% during the third quarter. Wells Fargo & Company MN now owns 421,328 shares of the basic materials company’s stock valued at $3,110,000 after buying an additional 1,832 shares during the period. LPL Financial LLC grew its position in Coeur Mining by 51.9% during the third quarter. LPL Financial LLC now owns 56,505 shares of the basic materials company’s stock valued at $417,000 after buying an additional 19,318 shares during the period. Sprott Inc. grew its position in Coeur Mining by 13.6% during the third quarter. Sprott Inc. now owns 2,144,452 shares of the basic materials company’s stock valued at $15,826,000 after buying an additional 256,636 shares during the period. Finally, Great West Life Assurance Co. Can grew its position in Coeur Mining by 10.2% during the third quarter. Great West Life Assurance Co. Can now owns 18,123 shares of the basic materials company’s stock valued at $301,000 after buying an additional 1,680 shares during the period. Institutional investors own 62.34% of the company’s stock.

In other news, SVP Casey M. Nault sold 50,000 shares of the stock in a transaction dated Monday, February 1st. The shares were sold at an average price of $12.24, for a total value of $612,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Hans John Rasmussen sold 15,000 shares of the stock in a transaction dated Monday, February 22nd. The shares were sold at an average price of $8.62, for a total transaction of $129,300.00. Corporate insiders own 1.60% of the company’s stock.

About Coeur Mining

Coeur Mining, Inc explores for, develops, produces, and sells precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It holds 100% interests in the Palmarejo gold and silver mine covering an area of approximately 67,296 net acres located in the State of Chihuahua in Northern Mexico; the Rochester silver and gold mine that covers an area of approximately 17,044 net acres situated in northwestern Nevada; the Kensington gold mine comprising 12,336 net acres located to the north of Juneau, Alaska; the Wharf gold mine covering an area of approximately 7,852 net acres situated in the northern Black Hills of western South Dakota; and the Silvertip silver-zinc-lead mine comprising 98,834 net acres located in northern British Columbia, Canada.

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Earnings History and Estimates for Coeur Mining (NYSE:CDE)

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