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Can Coeur (CDE) Run Higher on Strong Earnings Estimate Revisions?

Zacks Equity Research
·2 mins read

Coeur Mining, Inc. CDE is a well-diversified, growing precious metals producer that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CDE’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Coeur could be a solid choice for investors.

Current Quarter Estimates for CDE

In the past 30 days, one estimate has gone higher for Coeur. The trend has been pretty favorable too, with estimates narrowing from a loss of 4 cents a share 30 days ago, to a loss of 3 cents today, a move of 25%.

Current Year Estimates for CDE

Meanwhile, Coeur’s current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 14 cents per share 30 days ago to 19 cents per share today, an increase of 35.7%.

Coeur Mining, Inc. Price and Consensus

Coeur Mining, Inc. Price and Consensus
Coeur Mining, Inc. Price and Consensus

Coeur Mining, Inc. price-consensus-chart | Coeur Mining, Inc. Quote

Bottom Line

The stock has also started to move higher lately, adding 50.8% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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