Coeur Mining Inc (CDE) Expected to Post Quarterly Sales of $188.66 Million

Equities analysts forecast that Coeur Mining Inc (NYSE:CDE) will report sales of $188.66 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Coeur Mining’s earnings, with the lowest sales estimate coming in at $182.60 million and the highest estimate coming in at $194.72 million. Coeur Mining posted sales of $159.20 million in the same quarter last year, which suggests a positive year-over-year growth rate of 18.5%. The firm is expected to issue its next earnings results on Wednesday, February 14th.

On average, analysts expect that Coeur Mining will report full year sales of $188.66 million for the current year, with estimates ranging from $738.10 million to $750.17 million. For the next fiscal year, analysts anticipate that the business will report sales of $715.51 million per share. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Coeur Mining.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, October 25th. The basic materials company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.17). The firm had revenue of $176.00 million for the quarter, compared to the consensus estimate of $185.09 million. Coeur Mining had a negative return on equity of 1.37% and a negative net margin of 2.41%. The company’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 EPS.

Several equities research analysts recently commented on the company. Zacks Investment Research lowered Coeur Mining from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Raymond James Financial upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and upped their target price for the company from $10.25 to $10.50 in a research report on Tuesday, November 21st. Royal Bank of Canada set a $11.00 target price on Coeur Mining and gave the company a “buy” rating in a research report on Friday, October 27th. BMO Capital Markets set a $12.00 target price on Coeur Mining and gave the company a “buy” rating in a research report on Tuesday, November 14th. Finally, Roth Capital set a $13.00 target price on Coeur Mining and gave the company a “buy” rating in a research report on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Coeur Mining has a consensus rating of “Hold” and a consensus price target of $10.29.

Shares of Coeur Mining (NYSE CDE) opened at $7.42 on Friday. The firm has a market capitalization of $1,401.58, a price-to-earnings ratio of -92.74 and a beta of 0.38. Coeur Mining has a 52-week low of $6.71 and a 52-week high of $12.30. The company has a current ratio of 3.68, a quick ratio of 2.51 and a debt-to-equity ratio of 0.36.

In related news, CFO Peter C. Mitchell sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $7.67, for a total transaction of $76,700.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Mark Spurbeck sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $7.42, for a total value of $111,300.00. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp raised its stake in shares of Coeur Mining by 46.8% in the second quarter. Van ECK Associates Corp now owns 18,611,685 shares of the basic materials company’s stock worth $159,688,000 after purchasing an additional 5,933,383 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Coeur Mining in the second quarter worth approximately $689,000. Investec Asset Management LTD purchased a new stake in shares of Coeur Mining in the second quarter worth approximately $28,801,000. Ninepoint Partners LP purchased a new stake in shares of Coeur Mining in the third quarter worth approximately $6,378,000. Finally, ETF Managers Group LLC purchased a new stake in shares of Coeur Mining in the second quarter worth approximately $5,207,000. 69.73% of the stock is currently owned by institutional investors and hedge funds.

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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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