Analysts Expect Coeur Mining, Inc. (CDE) to Announce $0.06 EPS
Analysts forecast that Coeur Mining, Inc. (NYSE:CDE) will report earnings per share (EPS) of $0.06 for the current quarter, Zacks reports. Three analysts have issued estimates for Coeur Mining’s earnings, with estimates ranging from $0.05 to $0.07. Coeur Mining reported earnings per share of $0.42 in the same quarter last year, which would suggest a negative year-over-year growth rate of 85.7%. The company is scheduled to issue its next earnings results after the market closes on Wednesday, October 25th.
On average, analysts expect that Coeur Mining will report full year earnings of $0.20 per share for the current year. For the next financial year, analysts forecast that the company will report earnings of $0.47 per share, with EPS estimates ranging from $0.44 to $0.50. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover 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 consensus estimate of ($0.01). The firm had revenue of $173.40 million during the quarter, compared to analysts’ expectations 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 period in the prior year, the company posted $0.09 earnings per share.
A number of analysts have recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $13.00 price target on shares of Coeur Mining in a research note on Thursday, August 24th. Zacks Investment Research lowered shares of Coeur Mining from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. BidaskClub raised shares of Coeur Mining from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 24th. Noble Financial reaffirmed a “hold” rating on shares of Coeur Mining in a research note on Friday, July 28th. Finally, Raymond James Financial, Inc. upped their price target on shares of Coeur Mining from $9.50 to $12.50 and gave the stock a “market perform” rating in a research note on Friday, September 15th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $11.62.
Coeur Mining (NYSE CDE) traded up 0.84% on Tuesday, reaching $8.41. 2,078,804 shares of the company traded hands. The company has a market capitalization of $1.53 billion, a P/E ratio of 21.84 and a beta of 0.39. The company has a 50-day moving average price of $9.11 and a 200-day moving average price of $8.82. Coeur Mining has a 12 month low of $7.30 and a 12 month high of $12.30.
In other news, CFO Peter C. Mitchell sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $8.19, for a total transaction of $81,900.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Mark Spurbeck sold 9,500 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 transaction of $87,875.00. The disclosure for this sale can be found here. Insiders have sold 68,610 shares of company stock worth $602,855 in the last 90 days. 1.30% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Aperio Group LLC raised its holdings in shares of Coeur Mining by 5.9% during the second quarter. Aperio Group LLC now owns 44,435 shares of the basic materials company’s stock valued at $381,000 after acquiring an additional 2,482 shares during the period. Marshall Wace North America L.P. acquired a new stake in shares of Coeur Mining during the second quarter valued at approximately $689,000. Van ECK Associates Corp raised its holdings in shares of Coeur Mining by 46.8% during the second quarter. Van ECK Associates Corp now owns 18,611,685 shares of the basic materials company’s stock valued at $159,688,000 after acquiring an additional 5,933,383 shares during the period. Karp Capital Management Corp acquired a new stake in shares of Coeur Mining during the first quarter valued at approximately $339,000. Finally, BlackRock Inc. raised its holdings in shares of Coeur Mining by 56,698.4% during the first quarter. BlackRock Inc. now owns 11,538,591 shares of the basic materials company’s stock valued at $93,231,000 after acquiring an additional 11,518,276 shares during the period. Institutional investors and hedge funds own 68.68% of the company’s stock.
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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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