Earnings Estimates Moving Higher for Coeur Mining (CDE): Time to Buy?

Core Viewpoint - Coeur Mining (CDE) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][2]. Earnings Estimates - Analysts' optimism regarding Coeur Mining's earnings prospects is leading to higher estimates, which is expected to positively impact the stock price [2]. - The Zacks Rank system indicates a strong correlation between earnings estimate revisions and stock price movements, with Zacks 1 Ranked stocks averaging a +25% annual return since 2008 [3]. Current Quarter Estimates - For the current quarter, Coeur Mining is expected to earn $0.17 per share, reflecting a year-over-year increase of +1,800.0% [5]. - Over the past 30 days, the Zacks Consensus Estimate for the company has risen by 45.24%, with two estimates moving higher and no negative revisions [5]. Current Year Estimates - The expected earnings for the full year are $0.74 per share, representing a +311.1% change from the previous year [6]. - The consensus estimate has increased by 8.87% over the past month, with two estimates moving higher and no negative revisions [6][7]. Zacks Rank - Coeur Mining has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, which is a reliable tool for investors to leverage earnings estimate changes [8]. - Stocks with Zacks Rank 1 and 2 have been shown to significantly outperform the S&P 500 [8]. Investment Outlook - The strong estimate revisions have led to a 7.3% increase in Coeur Mining's stock over the past four weeks, suggesting potential for further upside [9].