Zacks: Analysts Anticipate Coeur Mining Inc (CDE) to Post $0.05 Earnings Per Share

Wall Street brokerages forecast that Coeur Mining Inc (NYSE:CDE) will report earnings per share of $0.05 for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Coeur Mining’s earnings. The lowest EPS estimate is $0.02 and the highest is $0.10. Coeur Mining reported earnings of ($0.03) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 266.7%. The business is expected to issue its next quarterly earnings report after the market closes on Wednesday, February 7th.

According to Zacks, analysts expect that Coeur Mining will report full year earnings of ($0.03) per share for the current fiscal year. For the next financial year, analysts anticipate that the firm will report earnings of $0.37 per share, with EPS estimates ranging from $0.25 to $0.50. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Coeur Mining.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, February 7th. The basic materials company reported $0.08 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.08. The business had revenue of $214.60 million during the quarter, compared to analyst estimates of $228.64 million. Coeur Mining had a negative return on equity of 1.37% and a negative net margin of 2.41%. The company’s quarterly revenue was up 54.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 EPS.

CDE has been the topic of a number of research reports. 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 price target on the stock. Royal Bank of Canada set a $11.00 price target on Coeur Mining and gave the stock a “buy” rating in a research note on Friday, October 27th. Zacks Investment Research downgraded Coeur Mining from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 25th. Raymond James Financial upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $10.25 to $10.50 in a research note on Tuesday, November 21st. Finally, Noble Financial restated a “hold” rating on shares of Coeur Mining in a research note on Thursday, January 11th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $10.29.

Shares of Coeur Mining (NYSE:CDE) opened at $7.63 on Friday. The company has a market capitalization of $1,420.00, a price-to-earnings ratio of -76.30 and a beta of 0.55. Coeur Mining has a fifty-two week low of $6.71 and a fifty-two week high of $12.09. The company has a quick ratio of 2.51, a current ratio of 3.68 and a debt-to-equity ratio of 0.36.

In other news, COO Frank L. Jr. Hanagarne sold 5,684 shares of the firm’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $8.50, for a total value of $48,314.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CDE. Dimensional Fund Advisors LP lifted its position in Coeur Mining by 65.4% during the second quarter. Dimensional Fund Advisors LP now owns 4,654,860 shares of the basic materials company’s stock valued at $39,939,000 after purchasing an additional 1,840,601 shares in the last quarter. Northpointe Capital LLC purchased a new position in Coeur Mining during the third quarter valued at $7,063,000. Ninepoint Partners LP purchased a new position in Coeur Mining during the third quarter valued at $6,378,000. Royce & Associates LP purchased a new position in Coeur Mining during the third quarter valued at $6,203,000. Finally, Northern Trust Corp lifted its position in Coeur Mining by 10.0% during the second quarter. Northern Trust Corp now owns 2,453,075 shares of the basic materials company’s stock valued at $21,048,000 after purchasing an additional 222,044 shares in the last quarter. Institutional investors own 69.31% 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.

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

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