Brokerages Expect Coeur Mining, Inc. (CDE) Will Announce Quarterly Sales of $189.45 Million
Wall Street brokerages forecast that Coeur Mining, Inc. (NYSE:CDE) will announce sales of $189.45 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Coeur Mining’s earnings. The highest sales estimate is $191.40 million and the lowest is $187.49 million. Coeur Mining reported sales of $182.01 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.1%. The company is scheduled to report its next quarterly earnings results on Wednesday, July 26th.
On average, analysts expect that Coeur Mining will report full-year sales of $189.45 million for the current financial year, with estimates ranging from $784.11 million to $823.90 million. For the next year, analysts anticipate that the firm will post sales of $843.03 million per share, with estimates ranging from $818.15 million to $867.90 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Coeur Mining.
Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, April 26th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.01. Coeur Mining had a net margin of 13.05% and a return on equity of 14.07%. The company had revenue of $206.10 million for the quarter, compared to analysts’ expectations of $208.95 million. During the same quarter last year, the company posted ($0.06) earnings per share. The firm’s quarterly revenue was up 38.9% on a year-over-year basis.
Several equities analysts recently issued reports on the company. Zacks Investment Research raised Coeur Mining from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a research report on Monday, March 13th. Deutsche Bank AG lowered their price target on Coeur Mining from $10.50 to $9.00 and set a “hold” rating for the company in a research report on Tuesday, March 21st. Royal Bank Of Canada reiterated a “buy” rating and set a $14.00 price target on shares of Coeur Mining in a research note on Wednesday, May 24th. BidaskClub raised Coeur Mining from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Finally, Roth Capital set a $13.00 price objective on Coeur Mining and gave the company a “buy” rating in a report on Wednesday, June 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $11.34.
In other Coeur Mining news, CFO Peter C. Mitchell sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $8.89, for a total value of $88,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of CDE. Profund Advisors LLC boosted its position in Coeur Mining by 2.3% in the first quarter. Profund Advisors LLC now owns 36,986 shares of the basic materials company’s stock valued at $299,000 after buying an additional 817 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Coeur Mining by 8.5% in the first quarter. Teacher Retirement System of Texas now owns 14,405 shares of the basic materials company’s stock worth $116,000 after buying an additional 1,133 shares during the period. UBS Group AG raised its stake in Coeur Mining by 9.8% in the first quarter. UBS Group AG now owns 14,178 shares of the basic materials company’s stock valued at $115,000 after buying an additional 1,267 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in Coeur Mining by 1.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 123,874 shares of the basic materials company’s stock valued at $1,001,000 after buying an additional 1,682 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in Coeur Mining by 90.2% in the first quarter. Great West Life Assurance Co. Can now owns 24,041 shares of the basic materials company’s stock valued at $194,000 after buying an additional 11,400 shares in the last quarter. 67.78% of the stock is owned by hedge funds and other institutional investors.
Shares of Coeur Mining (CDE) opened at 8.94 on Thursday. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 16.17 and a beta of 0.57. The firm’s 50-day moving average is $9.17 and its 200-day moving average is $9.39. Coeur Mining has a 52 week low of $7.30 and a 52 week high of $16.41.
About Coeur Mining
Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.
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