Coeur Mining Inc (NYSE:CDE) – Stock analysts at Cormark cut their Q3 2018 earnings estimates for shares of Coeur Mining in a research note issued to investors on Friday. Cormark analyst R. Gray now anticipates that the basic materials company will post earnings of $0.06 per share for the quarter, down from their previous estimate of $0.14. Cormark also issued estimates for Coeur Mining’s Q4 2018 earnings at $0.10 EPS and FY2019 earnings at $0.59 EPS.
Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. The business had revenue of $214.60 million for the quarter, compared to analyst estimates of $228.64 million. Coeur Mining had a positive return on equity of 1.51% and a negative net margin of 0.17%. Coeur Mining’s quarterly revenue was up 54.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.
Shares of Coeur Mining (CDE) opened at $7.19 on Monday. The firm has a market capitalization of $1,330.00, a price-to-earnings ratio of 119.83 and a beta of 0.55. Coeur Mining has a 52-week low of $6.71 and a 52-week high of $10.24. The company has a current ratio of 1.97, a quick ratio of 2.51 and a debt-to-equity ratio of 0.47.
In other Coeur Mining news, COO Frank L. Jr. Hanagarne sold 5,684 shares of Coeur Mining stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $8.50, for a total transaction of $48,314.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.30% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in CDE. Dimensional Fund Advisors LP lifted its holdings in Coeur Mining by 65.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,654,860 shares of the basic materials company’s stock worth $39,939,000 after buying an additional 1,840,601 shares during the period. Northpointe Capital LLC acquired a new position in Coeur Mining during the 3rd quarter worth about $7,063,000. Ninepoint Partners LP acquired a new position in Coeur Mining during the 3rd quarter worth about $6,378,000. Royce & Associates LP acquired a new position in Coeur Mining during the 3rd quarter worth about $6,203,000. Finally, Capital Fund Management S.A. lifted its holdings in Coeur Mining by 400.6% during the 4th quarter. Capital Fund Management S.A. now owns 318,164 shares of the basic materials company’s stock worth $2,386,000 after buying an additional 254,608 shares during the period. 69.31% of the stock is currently owned by hedge funds and other institutional investors.
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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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