Coeur Mining Inc (NYSE:CDE) – Equities researchers at B. Riley lowered their Q2 2019 EPS estimates for Coeur Mining in a research note issued to investors on Monday, June 10th. B. Riley analyst A. Graf now expects that the basic materials company will earn ($0.10) per share for the quarter, down from their previous estimate of ($0.08). B. Riley has a “Buy” rating and a $6.25 price objective on the stock. B. Riley also issued estimates for Coeur Mining’s Q3 2019 earnings at ($0.07) EPS, Q4 2019 earnings at ($0.05) EPS, FY2019 earnings at ($0.31) EPS, FY2020 earnings at ($0.04) EPS and FY2021 earnings at $0.18 EPS.
Several other analysts also recently issued reports on CDE. Zacks Investment Research raised shares of Coeur Mining from a “sell” rating to a “hold” rating in a report on Thursday, June 6th. Raymond James reaffirmed an “outperform” rating and issued a $4.75 price target on shares of Coeur Mining in a report on Thursday, June 6th. BMO Capital Markets set a $4.00 price target on shares of Coeur Mining and gave the company a “hold” rating in a report on Thursday, May 2nd. Noble Financial reaffirmed a “buy” rating and issued a $4.00 price target on shares of Coeur Mining in a report on Monday, April 29th. Finally, ValuEngine raised shares of Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $6.46.
Shares of NYSE:CDE opened at $3.13 on Wednesday. The stock has a market capitalization of $640.94 million, a PE ratio of -313.00 and a beta of 0.61. The company has a current ratio of 1.36, a quick ratio of 0.63 and a debt-to-equity ratio of 0.52. Coeur Mining has a fifty-two week low of $2.78 and a fifty-two week high of $8.55.
Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.06). The firm had revenue of $154.90 million for the quarter, compared to analysts’ expectations of $156.37 million. Coeur Mining had a negative return on equity of 3.11% and a negative net margin of 11.15%. The firm’s quarterly revenue was down 5.1% on a year-over-year basis.
Several large investors have recently bought and sold shares of the company. Van ECK Associates Corp increased its position in Coeur Mining by 14.5% during the fourth quarter. Van ECK Associates Corp now owns 24,967,902 shares of the basic materials company’s stock worth $111,607,000 after purchasing an additional 3,153,734 shares during the last quarter. Norges Bank acquired a new position in Coeur Mining during the fourth quarter worth approximately $7,183,000. Dimensional Fund Advisors LP increased its position in Coeur Mining by 11.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 15,719,591 shares of the basic materials company’s stock worth $70,266,000 after purchasing an additional 1,559,563 shares during the last quarter. Donald Smith & CO. Inc. increased its position in Coeur Mining by 1,284.1% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,234,589 shares of the basic materials company’s stock worth $5,519,000 after purchasing an additional 1,145,389 shares during the last quarter. Finally, Deutsche Bank AG increased its position in Coeur Mining by 107.9% during the fourth quarter. Deutsche Bank AG now owns 1,953,092 shares of the basic materials company’s stock worth $8,729,000 after purchasing an additional 1,013,536 shares during the last quarter. 65.93% of the stock is owned by institutional investors and hedge funds.
In other news, Director J Kenneth Thompson acquired 15,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was acquired at an average price of $2.93 per share, with a total value of $43,950.00. Following the completion of the transaction, the director now directly owns 150,645 shares in the company, valued at approximately $441,389.85. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Thomas S. Whelan acquired 25,000 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was purchased at an average cost of $2.84 per share, with a total value of $71,000.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 41,750 shares of company stock valued at $120,200. Company insiders own 1.88% of the company’s stock.
About Coeur Mining
Coeur Mining, Inc explores for, develops, and produces gold, silver, zinc, and lead properties. It holds interests in the Palmarejo gold and silver complex located in Mexico; the Rochester silver and gold mine situated in Nevada; the Kensington gold mine located in Alaska; the Wharf gold mine situated in South Dakota; and the Silvertip silver-zinc-lead mine located in Canada.
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