Coeur Mining Inc (NYSE:CDE) – Research analysts at Cormark cut their Q3 2018 EPS estimates for Coeur Mining in a research note issued on Friday, Zacks Investment Research reports. 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 forecast 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.
A number of other equities analysts have also recently commented on CDE. ValuEngine cut shares of Coeur Mining from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. BMO Capital Markets set a $9.50 price objective on shares of Coeur Mining and gave the company a “buy” rating in a research report on Friday, February 9th. Roth Capital decreased their price objective on shares of Coeur Mining from $12.50 to $10.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. Noble Financial restated a “hold” rating on shares of Coeur Mining in a research report on Thursday, January 11th. Finally, Zacks Investment Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Coeur Mining presently has an average rating of “Hold” and a consensus price target of $10.13.
Coeur Mining (CDE) traded up $0.10 during midday trading on Monday, hitting $7.91. 823,415 shares of the stock were exchanged, compared to its average volume of 3,458,865. Coeur Mining has a 52 week low of $6.71 and a 52 week high of $10.24. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.97 and a quick ratio of 1.39. The company has a market cap of $1,480.00, a P/E ratio of 132.83 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 (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. Coeur Mining had a negative net margin of 0.17% and a positive return on equity of 1.51%. The company had revenue of $214.60 million during the quarter, compared to the consensus estimate of $228.64 million. During the same period in the previous year, the firm posted $0.34 EPS. The firm’s revenue was up 54.2% compared to the same quarter last year.
In related news, COO Frank L. Jr. Hanagarne sold 5,684 shares of the business’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $8.50, for a total transaction of $48,314.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.30% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James & Associates bought a new stake in Coeur Mining during the fourth quarter worth about $133,000. Parametrica Management Ltd bought a new stake in Coeur Mining during the third quarter worth about $160,000. Prudential Financial Inc. boosted its stake in Coeur Mining by 7.6% during the second 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 in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Coeur Mining by 83.9% during the second 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 in the last quarter. Finally, Stone Ridge Asset Management LLC bought a new stake in Coeur Mining during the fourth quarter worth about $180,000. Institutional investors own 73.35% 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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