Brokerages forecast that Coeur Mining Inc (NYSE:CDE) will announce $0.08 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Coeur Mining’s earnings, with estimates ranging from $0.00 to $0.14. Coeur Mining posted earnings per share of ($0.03) in the same quarter last year, which would suggest a positive year over year growth rate of 366.7%. The company is scheduled to issue its next earnings report on Wednesday, February 14th.
According to Zacks, analysts expect that Coeur Mining will report full year earnings of ($0.05) per share for the current financial year. For the next fiscal year, analysts forecast that the business will post earnings of $0.40 per share, with EPS estimates ranging from $0.28 to $0.61. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Coeur Mining.
Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, October 25th. The basic materials company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.17). Coeur Mining had a negative return on equity of 1.37% and a negative net margin of 2.41%. The business had revenue of $176.00 million during the quarter, compared to analyst estimates of $185.09 million. During the same period in the previous year, the business posted $0.23 earnings per share. The firm’s quarterly revenue was up 1.5% on a year-over-year basis.
CDE has been the topic of a number of research reports. Royal Bank of Canada restated a “buy” rating on shares of Coeur Mining in a report on Wednesday, September 27th. Raymond James Financial raised their price objective on Coeur Mining from $9.50 to $12.50 and gave the stock a “market perform” rating in a report on Friday, September 15th. Noble Financial restated a “hold” rating on shares of Coeur Mining in a report on Tuesday, October 31st. Zacks Investment Research upgraded Coeur Mining from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, BMO Capital Markets set a $12.00 price objective on Coeur Mining and gave the stock a “buy” rating in a report on Tuesday, November 14th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $10.29.
Coeur Mining (CDE) traded down $0.16 during trading on Wednesday, hitting $7.51. The stock had a trading volume of 1,904,200 shares, compared to its average volume of 3,094,272. The company has a current ratio of 3.68, a quick ratio of 2.51 and a debt-to-equity ratio of 0.36. Coeur Mining has a 52 week low of $6.71 and a 52 week high of $12.30.
In other Coeur Mining news, COO Frank L. Jr. Hanagarne sold 10,310 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $9.29, for a total transaction of $95,779.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Peter C. Mitchell sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were 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. Over the last quarter, insiders have sold 35,310 shares of company stock worth $283,780. Company insiders own 1.30% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Stevens Capital Management LP acquired a new stake in Coeur Mining during the 2nd quarter valued at approximately $123,000. Teacher Retirement System of Texas grew its position in shares of Coeur Mining by 1.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 14,587 shares of the basic materials company’s stock worth $125,000 after acquiring an additional 182 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Coeur Mining in the 2nd quarter worth approximately $141,000. QCM Cayman Ltd. acquired a new position in shares of Coeur Mining in the 2nd quarter worth approximately $160,000. Finally, Parametrica Management Ltd acquired a new position in shares of Coeur Mining in the 3rd quarter worth approximately $160,000. Hedge funds and other institutional investors own 69.73% 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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