Coeur Mining, Inc. (CDE) to Release Earnings on Tuesday
Coeur Mining, Inc. (NYSE:CDE) will be releasing its earnings data after the market closes on Tuesday, October 24th. Analysts expect Coeur Mining to post earnings of $0.07 per share for the quarter.
Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, July 26th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.01). The company had revenue of $173.40 million during the quarter, compared to the consensus estimate of $174.70 million. Coeur Mining had a return on equity of 10.44% and a net margin of 9.65%. The firm’s revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 EPS. On average, analysts expect Coeur Mining to post $0.18 EPS for the current fiscal year and $0.47 EPS for the next fiscal year.
Coeur Mining, Inc. (CDE) opened at 8.85 on Tuesday. Coeur Mining, Inc. has a 52 week low of $7.30 and a 52 week high of $12.30. The company has a market capitalization of $1.61 billion, a P/E ratio of 22.99 and a beta of 0.39. The company’s 50 day moving average price is $9.17 and its 200-day moving average price is $8.82.
A number of brokerages have recently issued reports on CDE. BMO Capital Markets reaffirmed a “buy” rating on shares of Coeur Mining in a research note on Wednesday, September 13th. Noble Financial reaffirmed a “hold” rating on shares of Coeur Mining in a research note on Wednesday, September 13th. Raymond James Financial, Inc. reaffirmed a “market perform” rating and issued a $9.50 price target on shares of Coeur Mining in a research note on Thursday, September 7th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Coeur Mining in a research note on Thursday, September 7th. Finally, Roth Capital set a $13.00 price target on Coeur Mining and gave the stock a “buy” rating in a research note on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Coeur Mining presently has an average rating of “Hold” and an average target price of $11.62.
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In related news, COO Frank L. Jr. Hanagarne sold 10,310 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $9.29, for a total transaction of $95,779.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Hans John Rasmussen sold 10,000 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $9.25, for a total value of $92,500.00. The disclosure for this sale can be found here. Insiders sold 68,610 shares of company stock worth $602,855 in the last 90 days. Company insiders own 1.30% of the company’s stock.
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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