Q2 2018 EPS Estimates for Coeur Mining Inc Reduced by Cormark (CDE)

Coeur Mining Inc (NYSE:CDE) – Equities researchers at Cormark dropped their Q2 2018 earnings per share estimates for Coeur Mining in a report released on Monday. Cormark analyst R. Gray now forecasts that the basic materials company will post earnings per share of $0.11 for the quarter, down from their prior estimate of $0.12. Cormark also issued estimates for Coeur Mining’s Q3 2018 earnings at $0.14 EPS, FY2018 earnings at $0.50 EPS, Q1 2019 earnings at $0.15 EPS, Q2 2019 earnings at $0.15 EPS, Q3 2019 earnings at $0.15 EPS, Q4 2019 earnings at $0.15 EPS and FY2019 earnings at $0.62 EPS.

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

Other equities research analysts have also issued research reports about the company. Raymond James Financial raised 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 note on Tuesday, November 21st. BMO Capital Markets initiated coverage on Coeur Mining in a research note on Friday, November 17th. They issued an “outperform” rating and a $10.50 target price on the stock. Roth Capital reduced their target price on Coeur Mining from $12.50 to $10.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Zacks Investment Research lowered Coeur Mining from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Finally, Noble Financial reaffirmed a “hold” rating on shares of Coeur Mining in a research note on Thursday, January 11th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $10.29.

Shares of Coeur Mining (CDE) traded up $0.15 during trading hours on Tuesday, hitting $8.48. The stock had a trading volume of 2,322,800 shares, compared to its average volume of 2,882,221. The stock has a market cap of $1,500.00, a price-to-earnings ratio of -84.80 and a beta of 0.38. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.68 and a quick ratio of 2.51. Coeur Mining has a fifty-two week low of $6.71 and a fifty-two week high of $12.30.

Several institutional investors have recently modified their holdings of CDE. Stevens Capital Management LP purchased a new position in shares of Coeur Mining during the 2nd quarter worth $123,000. Russell Investments Group Ltd. acquired a new stake in shares of Coeur Mining during the 2nd quarter worth $141,000. QCM Cayman Ltd. acquired a new stake in shares of Coeur Mining during the 2nd quarter worth $160,000. Parametrica Management Ltd acquired a new stake in shares of Coeur Mining during the 3rd quarter worth $160,000. Finally, Prudential Financial Inc. increased its holdings in shares of Coeur Mining by 7.6% during the 2nd quarter. Prudential Financial Inc. now owns 19,451 shares of the basic materials company’s stock worth $167,000 after buying an additional 1,370 shares during the last quarter. 69.40% of the stock is currently owned by institutional investors.

In other Coeur Mining news, VP Mark Spurbeck sold 15,000 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $7.42, for a total transaction of $111,300.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Peter C. Mitchell sold 10,000 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $7.67, for a total value of $76,700.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,684 shares of company stock worth $236,314. Corporate insiders own 1.30% of the company’s stock.

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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.

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

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