Coeur Mining Inc (NYSE:CDE) – Investment analysts at Cormark lowered their Q2 2018 EPS estimates for shares of Coeur Mining in a research note issued on Monday, Zacks Investment Research reports. Cormark analyst R. Gray now expects that the basic materials company will earn $0.11 per share for the quarter, down from their previous forecast of $0.12. Cormark also issued estimates for Coeur Mining’s Q3 2018 earnings at $0.14 EPS, FY2018 earnings at $0.50 EPS, Q1 2019 earnings at $0.15 EPS, Q2 2019 earnings at $0.15 EPS, Q3 2019 earnings at $0.15 EPS, Q4 2019 earnings at $0.15 EPS and FY2019 earnings at $0.62 EPS.
Several other brokerages have also recently weighed in on CDE. Noble Financial reissued a “hold” rating on shares of Coeur Mining in a research note on Tuesday, October 31st. ValuEngine cut Coeur Mining from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Royal Bank of Canada set a $10.00 target price on Coeur Mining and gave the stock a “buy” rating in a research note on Tuesday, December 5th. Zacks Investment Research cut Coeur Mining from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 25th. Finally, BMO Capital Markets set a $12.00 target price on Coeur Mining and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $10.13.
Shares of Coeur Mining (CDE) opened at $8.55 on Tuesday. The firm has a market capitalization of $1,590.00, a PE ratio of 142.50 and a beta of 0.55. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.97 and a quick ratio of 1.39. Coeur Mining has a one year low of $6.71 and a one year high of $10.24.
Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, February 7th. The basic materials company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $214.60 million during the quarter, compared to analysts’ expectations of $228.64 million. Coeur Mining had a positive return on equity of 1.51% and a negative net margin of 0.17%. The business’s quarterly revenue was up 54.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 earnings per share.
A number of institutional investors have recently made changes to their positions in CDE. Russell Investments Group Ltd. acquired a new stake in Coeur Mining in the second quarter valued at approximately $141,000. Bank of New York Mellon Corp grew its stake in Coeur Mining by 7.3% in the second quarter. Bank of New York Mellon Corp now owns 912,125 shares of the basic materials company’s stock valued at $7,827,000 after acquiring an additional 62,101 shares during the period. Prudential Financial Inc. grew its stake in Coeur Mining by 7.6% in the second quarter. Prudential Financial Inc. now owns 19,451 shares of the basic materials company’s stock valued at $167,000 after acquiring an additional 1,370 shares during the period. Principal Financial Group Inc. grew its stake in Coeur Mining by 0.7% in the second quarter. Principal Financial Group Inc. now owns 99,301 shares of the basic materials company’s stock valued at $852,000 after acquiring an additional 663 shares during the period. Finally, Franklin Resources Inc. acquired a new stake in Coeur Mining in the second quarter valued at approximately $3,238,000. 68.98% of the stock is owned by hedge funds and other institutional investors.
In related news, COO Frank L. Jr. Hanagarne sold 5,684 shares of the firm’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 transaction of $48,314.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company 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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