$204.28 Million in Sales Expected for Coeur Mining, Inc. (NYSE:CDE) This Quarter
Wall Street analysts predict that Coeur Mining, Inc. (NYSE:CDE) will report sales of $204.28 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Coeur Mining’s earnings, with the lowest sales estimate coming in at $199.73 million and the highest estimate coming in at $213.10 million. Coeur Mining posted sales of $176.25 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 15.9%. The business is expected to announce its next quarterly earnings report on Wednesday, October 25th.
On average, analysts expect that Coeur Mining will report full year sales of $204.28 million for the current fiscal year, with estimates ranging from $779.00 million to $804.30 million. For the next fiscal year, analysts anticipate that the company will post sales of $817.69 million per share, with estimates ranging from $787.28 million to $865.80 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Coeur Mining.
Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, July 26th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). Coeur Mining had a return on equity of 10.44% and a net margin of 9.65%. The firm had revenue of $173.40 million during the quarter, compared to analyst estimates of $174.70 million. During the same period in the prior year, the company posted $0.09 earnings per share. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year.
Several equities analysts recently issued reports on the company. Roth Capital set a $13.00 price objective on Coeur Mining and gave the company a “buy” rating in a research report on Wednesday, June 14th. BMO Capital Markets reaffirmed a “buy” rating and issued a $11.00 price objective on shares of Coeur Mining in a research report on Friday, June 30th. BidaskClub raised Coeur Mining from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Coeur Mining in a research report on Wednesday, May 24th. Finally, Zacks Investment Research raised Coeur Mining from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $11.29.
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In other news, CFO Peter C. Mitchell sold 10,000 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $8.19, for a total transaction of $81,900.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. OxFORD Asset Management LLP purchased a new position in Coeur Mining during the second quarter valued at $2,303,000. Dimensional Fund Advisors LP boosted its position in Coeur Mining by 65.4% in the second quarter. Dimensional Fund Advisors LP now owns 4,654,860 shares of the basic materials company’s stock valued at $39,939,000 after buying an additional 1,840,601 shares during the last quarter. Virtu KCG Holdings LLC boosted its position in Coeur Mining by 1.7% in the second quarter. Virtu KCG Holdings LLC now owns 34,538 shares of the basic materials company’s stock valued at $293,000 after buying an additional 569 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in Coeur Mining by 3.3% in the second quarter. Parametric Portfolio Associates LLC now owns 364,749 shares of the basic materials company’s stock valued at $3,130,000 after buying an additional 11,658 shares during the last quarter. Finally, Advisor Group Inc. boosted its position in Coeur Mining by 2.3% in the second quarter. Advisor Group Inc. now owns 119,367 shares of the basic materials company’s stock valued at $1,024,000 after buying an additional 2,657 shares during the last quarter. 68.07% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Coeur Mining (CDE) traded up 0.39% during mid-day trading on Friday, hitting $7.76. The stock had a trading volume of 1,721,359 shares. The company has a market capitalization of $1.41 billion, a P/E ratio of 20.16 and a beta of 0.57. The stock’s 50-day moving average price is $8.26 and its 200 day moving average price is $8.91. Coeur Mining has a 1-year low of $7.30 and a 1-year high of $16.00.
Coeur Mining Company Profile
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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