Brokerages Anticipate Coeur Mining, Inc. (CDE) Will Announce Earnings of $0.06 Per Share
Wall Street brokerages predict that Coeur Mining, Inc. (NYSE:CDE) will post $0.06 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Coeur Mining’s earnings. The highest EPS estimate is $0.07 and the lowest is $0.05. Coeur Mining posted earnings of $0.42 per share in the same quarter last year, which would suggest a negative year over year growth rate of 85.7%. The firm is expected to issue its next earnings results on Wednesday, October 25th.
On average, analysts expect that Coeur Mining will report full-year earnings of $0.18 per share for the current year, with EPS estimates ranging from $0.16 to $0.20. For the next fiscal year, analysts anticipate that the business will post earnings of $0.47 per share, with EPS estimates ranging from $0.44 to $0.50. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Coeur Mining.
Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, July 26th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.01). The business had revenue of $173.40 million for the quarter, compared to analyst estimates of $174.70 million. Coeur Mining had a net margin of 9.65% and a return on equity of 10.44%. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the business posted $0.09 EPS.
A number of analysts recently weighed in on CDE shares. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Coeur Mining in a report on Wednesday, September 27th. Raymond James Financial, Inc. upped their target price on shares of Coeur Mining from $9.50 to $12.50 and gave the stock a “market perform” rating in a report on Friday, September 15th. BMO Capital Markets reaffirmed a “buy” rating and set a $11.00 target price on shares of Coeur Mining in a report on Friday, June 30th. BidaskClub lowered shares of Coeur Mining from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, Zacks Investment Research lowered shares of Coeur Mining from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $11.62.
In other Coeur Mining news, SVP Hans John Rasmussen sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $9.25, for a total value of $92,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Frank L. Jr. Hanagarne sold 10,310 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $9.29, for a total transaction of $95,779.90. The disclosure for this sale can be found here. In the last three months, insiders sold 68,610 shares of company stock valued at $602,855. Corporate insiders own 1.30% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas grew its stake in Coeur Mining by 1.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 14,587 shares of the basic materials company’s stock worth $125,000 after buying an additional 182 shares in the last quarter. Virtu KCG Holdings LLC grew its stake in Coeur Mining by 1.7% in the 2nd quarter. Virtu KCG Holdings LLC now owns 34,538 shares of the basic materials company’s stock worth $293,000 after buying an additional 569 shares in the last quarter. Suntrust Banks Inc. grew its stake in Coeur Mining by 2.8% in the 2nd quarter. Suntrust Banks Inc. now owns 22,566 shares of the basic materials company’s stock worth $193,000 after buying an additional 619 shares in the last quarter. Principal Financial Group Inc. grew its stake in Coeur Mining by 0.7% in the 2nd quarter. Principal Financial Group Inc. now owns 99,301 shares of the basic materials company’s stock worth $852,000 after buying an additional 663 shares in the last quarter. Finally, Nationwide Fund Advisors grew its stake in Coeur Mining by 0.8% in the 2nd quarter. Nationwide Fund Advisors now owns 106,748 shares of the basic materials company’s stock worth $916,000 after buying an additional 840 shares in the last quarter. 68.90% of the stock is owned by institutional investors and hedge funds.
Coeur Mining (NYSE:CDE) traded down 3.50% during mid-day trading on Thursday, hitting $9.38. 2,315,590 shares of the company traded hands. The firm has a market capitalization of $1.70 billion, a P/E ratio of 24.36 and a beta of 0.40. Coeur Mining has a one year low of $7.30 and a one year high of $13.18. The firm has a 50 day moving average of $8.94 and a 200 day moving average of $8.75.
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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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