Coeur Mining Inc (NYSE:CDE) – Cormark dropped their Q3 2018 earnings estimates for Coeur Mining in a research report issued to clients and investors on Friday. Cormark analyst R. Gray now expects that the basic materials company will post earnings of $0.06 per share for the quarter, down from their prior 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.
Several other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Coeur Mining from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Raymond James Financial raised Coeur Mining from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $10.25 to $10.50 in a research report on Tuesday, November 21st. Royal Bank of Canada set a $11.00 price objective on Coeur Mining and gave the stock a “buy” rating in a research report on Friday, October 27th. BMO Capital Markets set a $12.00 price objective on Coeur Mining and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Finally, Noble Financial reaffirmed a “hold” rating on shares of Coeur Mining in a report on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $10.13.
Coeur Mining (NYSE CDE) traded up $0.46 during midday trading on Monday, hitting $8.30. The company had a trading volume of 813,937 shares, compared to its average volume of 3,319,554. Coeur Mining has a fifty-two week low of $6.71 and a fifty-two week high of $10.24. The company has a quick ratio of 1.39, a current ratio of 1.97 and a debt-to-equity ratio of 0.47. The firm has a market cap of $1,424.20, a PE ratio of -830.00 and a beta of 0.55.
Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. Coeur Mining had a positive return on equity of 1.51% and a negative net margin of 0.17%. The business had revenue of $214.60 million during the quarter, compared to analysts’ expectations of $228.64 million. During the same quarter in the previous year, the firm earned $0.34 EPS. The firm’s revenue was up 54.2% compared to the same quarter last year.
Hedge funds have recently added to or reduced their stakes in the company. Parametrica Management Ltd bought a new stake in Coeur Mining during the 3rd quarter worth approximately $160,000. Prudential Financial Inc. grew its position in 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 acquiring an additional 1,370 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Coeur Mining by 83.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 20,380 shares of the basic materials company’s stock worth $175,000 after acquiring an additional 9,300 shares during the last quarter. First Trust Advisors LP bought a new stake in Coeur Mining during the 3rd quarter worth approximately $189,000. Finally, Suntrust Banks Inc. grew its position in Coeur Mining by 2.8% during the 2nd quarter. Suntrust Banks Inc. now owns 22,566 shares of the basic materials company’s stock worth $193,000 after acquiring an additional 619 shares during the last quarter. Institutional investors own 68.98% of the company’s stock.
In other Coeur Mining news, COO Frank L. Jr. Hanagarne sold 5,684 shares of the company’s stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.
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About Coeur Mining
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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