Coeur Mining, Inc. (NYSE:CDE) shareholders will have a reason to smile today, with the analysts making substantial upgrades to next year's statutory forecasts. The consensus statutory numbers for both revenue and earnings per share (EPS) increased, with their view clearly much more bullish on the company's business prospects. The market may be pricing in some blue sky too, with the share price gaining 16% to US$15.47 in the last 7 days. Could this upgrade be enough to drive the stock even higher?
Following the upgrade, the latest consensus from Coeur Mining's dual analysts is for revenues of US$6.1b in 2027, which would reflect a huge 68% improvement in sales compared to the last 12 months. Per-share earnings are expected to bounce 185% to US$1.94. Prior to this update, the analysts had been forecasting revenues of US$5.2b and earnings per share (EPS) of US$1.55 in 2027. So we can see there's been a pretty clear increase in analyst sentiment in recent times, with both revenues and earnings per share receiving a decent lift in the latest estimates.
See our latest analysis for Coeur Mining
Despite these upgrades, the analysts have not made any major changes to their price target of US$21.77, suggesting that the higher estimates are not likely to have a long term impact on what the stock is worth.
Of course, another way to look at these forecasts is to place them into context against the industry itself. The analysts are definitely expecting Coeur Mining's growth to accelerate, with the forecast 52% annualised growth to the end of 2027 ranking favourably alongside historical growth of 33% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 5.1% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Coeur Mining to grow faster than the wider industry.
The Bottom Line
The biggest takeaway for us from these new estimates is that analysts upgraded their earnings per share estimates, with improved earnings power expected for next year. Fortunately, analysts also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. Some investors might be disappointed to see that the price target is unchanged, but we feel that improving fundamentals are usually a positive - assuming these forecasts are met! So Coeur Mining could be a good candidate for more research.
Still, the long-term prospects of the business are much more relevant than next year's earnings. We have analyst estimates for Coeur Mining going out as far as 2027, and you can see them free on our platform here.
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