NEW YORK, July 31, 2026, 6:04 p.m. EDT — With regular U.S. trading finished and after-hours deals underway.
- Coeur ended the session at $14.91, a fall of 3.2%. The most recent after-hours price was $14.81 at 5:58 p.m.
- Consensus estimates currently indicate quarterly revenue between $1.19 billion and $1.24 billion. Expectations for earnings per share (EPS) range from $0.26 to $0.27.
- Coeur is scheduled to announce results after the market closes on Wednesday. Its earnings call begins Thursday at 11 a.m. EDT.
Coeur approaches its earnings week facing a clear divide between sales and margins. Analysts are forecasting a revenue increase of 39% to 45% compared to the previous quarter. However, EPS is projected to decrease by 25% to 28%.
The purchase accounts for most of the difference. Coeur distributed 392.7 million shares as part of its acquisition of New Gold in March. The total number of outstanding shares increased to around 1.035 billion.
The weighted average shares for the first quarter stood at 698.7 million. The quarter’s figures account for just 11 days of contributions from New Afton and Rainy River.
Applying the March 31 share count as an approximate proxy for the second quarter, consensus data from both sources indicate an earnings margin of about 22.6%. Coeur’s adjusted margin for the first quarter stood at 29.6%. The seven-point drop marks the most obvious challenge for investors this quarter.
| Earnings basis | Revenue | EPS | Share base used | Implied earnings | Implied margin |
|---|---|---|---|---|---|
| Q1 results, adjusted | $856.2 million | $0.36 | 698.7 million weighted | $253.5 million | 29.6% |
| Google Finance Q2 estimate | $1.19 billion | $0.26 | 1.0345 billion proxy | $269.0 million | 22.6% |
| MarketBeat Q2 estimate | $1.2388 billion | $0.2701 | 1.0345 billion proxy | $279.4 million | 22.6% |
Second-quarter data are preliminary. Calculations of implied earnings and margins are not company-provided guidance. Actual diluted share counts and analysts’ adjustments could vary.
Total profit might not decrease as a result. The same bridge projects earnings between $269 million and $279 million, which would surpass the first-quarter adjusted profit by about 6% to 10%.
Dilution can mask that potential increase, while margin pressure remains clear.
Costs remain the more challenging factor. Coeur’s annual outlook factors in inflation of 3% to 5%. The projection also incorporates increased royalties, a firmer Mexican peso, and additional maintenance.
Chief Executive Mitchell Krebs stated in May, “Starting with the second quarter, Coeur is equipped to deliver on the full potential of our enhanced platform.” coeur.com
Last week, the stock outperformed peers with greater silver exposure. Coeur declined 1.5% from July 24, while the average decrease among three comparable companies was 5.6%.
Shares of Hecla Mining Company NYSE:HL, Pan American Silver Corp. NYSE:PAAS, and First Majestic Silver Corp. NYSE:AG all declined further.
| Company | July 24 close | July 31 close | Weekly move | Friday move |
|---|---|---|---|---|
| Coeur Mining | $15.13 | $14.91 | -1.5% | -3.2% |
| Hecla Mining | $15.14 | $14.12 | -6.7% | -5.5% |
| Pan American Silver | $44.03 | $43.11 | -2.1% | -2.1% |
| First Majestic Silver | $16.31 | $15.03 | -7.8% | -4.2% |
| Average for three peers | — | — | -5.6% | -3.9% |
Weekly returns reflect the closing prices on July 24 and July 31.
The breakdown of revenue highlights the company’s relative resilience. Gold accounted for 56% of revenue in the first quarter. Silver represented 42%, and copper made up 2%.
Gold declined by 1.3% on Friday to $4,049.83 per ounce. Silver slid 2.1% to $57.76.
Bybit chief market analyst Han Tan noted that “the precious metal has struggled to carve a bigger gap above the psychological $4,000 level.” Reuters
Coeur’s profit expectations from analysts have dropped substantially. Over the last three months, FactSet’s forecast for the second quarter decreased by 35%. The 2026 full-year projection was also cut by 27%.
| Period | Three months ago | One month ago | Current | Revision |
|---|---|---|---|---|
| Q2 2026 EPS | $0.40 | $0.31 | $0.26 | -35.0% |
| Q3 2026 EPS | $0.49 | $0.42 | $0.36 | -26.5% |
| FY 2026 EPS | $2.00 | $1.72 | $1.46 | -27.0% |
| FY 2027 EPS | $2.40 | $1.92 | $1.83 | -23.8% |
FactSet data, as presented by The Wall Street Journal, provides these estimate trends.
The reduced bar does not guarantee an easy win. Investors are likely to monitor if the newly acquired mines increase overall profit without causing further margin deterioration.
Coeur is set to report earnings following Wednesday’s market close on August 5, with management scheduled to review the results in a call Thursday morning.
The upcoming key data release is set for Friday, August 7. According to a Reuters survey, forecasts point to 83,000 additional jobs and an unemployment rate of 4.3%. A more robust outcome may reinforce views that another interest rate hike is likely.
Risks: Gold and silver prices are sensitive to changes in interest rates and the dollar. Variations in grades, recoveries, maintenance, taxes and mine integration can affect costs. Coeur’s reported diluted results may not match the indicative profit bridge.
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