Equities analysts forecast that Coeur Mining Inc (NYSE:CDE) will report sales of $173.32 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Coeur Mining’s earnings, with the lowest sales estimate coming in at $171.80 million and the highest estimate coming in at $174.83 million. Coeur Mining posted sales of $206.14 million in the same quarter last year, which suggests a negative year-over-year growth rate of 15.9%. The firm is expected to issue its next earnings results on Wednesday, April 25th.
On average, analysts expect that Coeur Mining will report full year sales of $173.32 million for the current year, with estimates ranging from $725.26 million to $747.30 million. For the next fiscal year, analysts anticipate that the business will report sales of $889.37 million per share, with estimates ranging from $821.54 million to $957.20 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Coeur Mining.
Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, February 7th. The basic materials company reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. The business had revenue of $214.60 million during the quarter, compared to analyst estimates of $228.64 million. Coeur Mining had a negative net margin of 0.17% and a positive return on equity of 1.51%. The company’s quarterly revenue was up 54.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 EPS.
A number of equities research analysts have recently issued reports on the stock. 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. Raymond James Financial raised shares of Coeur Mining from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $10.25 to $10.50 in a research report on Tuesday, November 21st. Noble Financial reissued a “hold” rating on shares of Coeur Mining in a research report on Thursday, January 11th. Zacks Investment Research raised shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, Royal Bank of Canada set a $10.00 price objective on shares of Coeur Mining and gave the company a “buy” rating in a research report on Tuesday, December 5th. Three analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $9.67.
Shares of Coeur Mining (NYSE:CDE) opened at $8.27 on Friday. Coeur Mining has a 1 year low of $6.71 and a 1 year high of $10.24. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.39 and a current ratio of 1.97. The stock has a market cap of $1,530.00, a price-to-earnings ratio of 137.83 and a beta of 0.58.
In related news, CFO Peter C. Mitchell sold 10,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $7.97, for a total value of $79,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Frank L. Jr. Hanagarne sold 5,684 shares of the company’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $8.50, for a total transaction of $48,314.00. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Teachers Advisors LLC boosted its holdings in Coeur Mining by 0.6% in the 4th quarter. Teachers Advisors LLC now owns 1,161,397 shares of the basic materials company’s stock worth $8,710,000 after buying an additional 6,563 shares during the period. California Public Employees Retirement System boosted its holdings in Coeur Mining by 4.1% in the 4th quarter. California Public Employees Retirement System now owns 207,700 shares of the basic materials company’s stock worth $1,558,000 after buying an additional 8,100 shares during the period. American International Group Inc. boosted its holdings in Coeur Mining by 8.1% in the 3rd quarter. American International Group Inc. now owns 121,469 shares of the basic materials company’s stock worth $1,116,000 after buying an additional 9,082 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in Coeur Mining by 13.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 93,161 shares of the basic materials company’s stock worth $856,000 after buying an additional 10,877 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Coeur Mining by 50.0% in the 4th quarter. SG Americas Securities LLC now owns 43,371 shares of the basic materials company’s stock worth $325,000 after buying an additional 14,453 shares during the period. 75.18% of the stock is owned by institutional investors.
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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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