Coeur Mining Inc (CDE) Expected to Announce Earnings of $0.04 Per Share

Wall Street analysts predict that Coeur Mining Inc (NYSE:CDE) will announce $0.04 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have provided estimates for Coeur Mining’s earnings, with estimates ranging from $0.00 to $0.10. Coeur Mining reported earnings of ($0.03) per share in the same quarter last year, which would indicate a positive year over year growth rate of 233.3%. The business is expected to issue its next quarterly earnings report after the market closes on Wednesday, February 7th.

On average, analysts expect that Coeur Mining will report full year earnings of ($0.05) per share for the current financial year. For the next financial year, analysts expect that the business will report earnings of $0.35 per share, with EPS estimates ranging from $0.25 to $0.53. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow Coeur Mining.

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

Several research analysts recently weighed in on the company. Royal Bank of Canada set a $10.00 price target on Coeur Mining and gave the company a “buy” rating in a research report on Tuesday, December 5th. Roth Capital dropped their price objective on Coeur Mining from $12.50 to $10.00 and set a “buy” rating on the stock in a report on Friday, October 27th. BMO Capital Markets set a $12.00 price target on Coeur Mining and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Noble Financial reaffirmed a “hold” rating on shares of Coeur Mining in a research note on Tuesday, October 31st. Finally, Zacks Investment Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. Coeur Mining presently has an average rating of “Hold” and an average target price of $10.29.

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 value of $76,700.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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. Over the last ninety days, insiders have sold 30,684 shares of company stock valued at $236,314. 1.30% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the business. Stevens Capital Management LP acquired a new stake in shares of Coeur Mining during the second quarter worth $123,000. Russell Investments Group Ltd. purchased a new position in Coeur Mining in the second quarter valued at about $141,000. QCM Cayman Ltd. purchased a new position in Coeur Mining in the second quarter valued at about $160,000. Parametrica Management Ltd purchased a new position in Coeur Mining in the third quarter valued at about $160,000. Finally, Prudential Financial Inc. raised its position in Coeur Mining by 7.6% in the second quarter. Prudential Financial Inc. now owns 19,451 shares of the basic materials company’s stock valued at $167,000 after purchasing an additional 1,370 shares during the period. Hedge funds and other institutional investors own 69.40% of the company’s stock.

Shares of Coeur Mining (NYSE:CDE) opened at $8.48 on Tuesday. Coeur Mining has a 12 month low of $6.71 and a 12 month high of $12.30. The company has a market capitalization of $1,570.00, a PE ratio of -84.80 and a beta of 0.38. The company has a quick ratio of 2.51, a current ratio of 3.68 and a debt-to-equity ratio of 0.36.

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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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Earnings History and Estimates for Coeur Mining (NYSE:CDE)

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