New Forecasts: Here's What Analysts Think The Future Holds For Coeur Mining, Inc. (NYSE:CDE)

Coeur Mining, Inc. (NYSE:CDE) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this 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 41% to US$7.66 in the last 7 days. It will be interesting to see if today's upgrade is enough to propel the stock even higher.

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After this upgrade, Coeur Mining's five analysts are now forecasting revenues of US$1.7b in 2025. This would be a substantial 43% improvement in sales compared to the last 12 months. Statutory earnings per share are presumed to shoot up 153% to US$0.48. Prior to this update, the analysts had been forecasting revenues of US$1.5b and earnings per share (EPS) of US$0.34 in 2025. 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.

View our latest analysis for Coeur Mining

With these upgrades, we're not surprised to see that the analysts have lifted their price target 5.7% to US$9.83 per share.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. The analysts are definitely expecting Coeur Mining's growth to accelerate, with the forecast 61% annualised growth to the end of 2025 ranking favourably alongside historical growth of 6.0% 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 4.3% 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 most important thing to take away from this upgrade is that analysts upgraded their earnings per share estimates for this year, expecting improving business conditions. They also upgraded their revenue estimates for this year, and sales are expected to grow faster than the wider market. With a serious upgrade to expectations and a rising price target, it might be time to take another look at Coeur Mining.

Analysts are clearly in love with Coeur Mining at the moment, but before diving in - you should be aware that we've identified some warning flags with the business, such as major dilution from new stock issuance in the past year. For more information, you can click through to our platform to learn more about this and the 1 other warning sign we've identified .

Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies backed by insiders.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.