Brokerages expect that Coeur Mining Inc (NYSE:CDE) will report $178.00 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Coeur Mining’s earnings. The lowest sales estimate is $177.20 million and the highest is $178.80 million. Coeur Mining reported sales of $173.35 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.7%. The firm is expected to announce its next quarterly earnings report on Wednesday, July 25th.
On average, analysts expect that Coeur Mining will report full year sales of $723.22 million for the current year, with estimates ranging from $705.04 million to $741.40 million. For the next fiscal year, analysts expect that the firm will post sales of $877.30 million per share, with estimates ranging from $817.49 million to $937.10 million. Zacks’ sales averages are an average based on a survey of analysts that follow Coeur Mining.
Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, April 25th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.02. The company had revenue of $163.30 million for the quarter, compared to the consensus estimate of $167.12 million. Coeur Mining had a negative net margin of 2.58% and a negative return on equity of 0.77%. Coeur Mining’s revenue was down 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 earnings per share.
A number of equities research analysts recently issued reports on the stock. Raymond James upped their price target on shares of Coeur Mining from $9.50 to $10.00 and gave the company an “outperform” rating in a research note on Friday, April 27th. Roth Capital reaffirmed a “neutral” rating and set a $9.00 price target (down previously from $11.00) on shares of Coeur Mining in a research note on Friday, April 27th. Zacks Investment Research raised shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 26th. Finally, Canaccord Genuity raised shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research note on Wednesday, April 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.70.
In other news, CFO Peter C. Mitchell sold 10,000 shares of the stock in a transaction on Friday, April 27th. The shares were sold at an average price of $7.88, for a total value of $78,800.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Kenneth J. Watkinson sold 7,274 shares of the stock in a transaction on Wednesday, May 9th. The shares were sold at an average price of $8.17, for a total transaction of $59,428.58. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,541 shares of company stock worth $182,998. 1.32% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Zeke Capital Advisors LLC purchased a new stake in shares of Coeur Mining in the first quarter valued at $101,000. Stifel Financial Corp purchased a new stake in shares of Coeur Mining in the first quarter valued at $102,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Coeur Mining in the first quarter valued at $117,000. Hilltop Holdings Inc. purchased a new stake in shares of Coeur Mining in the first quarter valued at $122,000. Finally, Raymond James & Associates purchased a new stake in shares of Coeur Mining in the fourth quarter valued at $133,000. 71.27% of the stock is currently owned by institutional investors and hedge funds.
Coeur Mining opened at $7.60 on Wednesday, MarketBeat reports. The firm has a market cap of $1.39 billion, a P/E ratio of 380.00 and a beta of 0.62. The company has a current ratio of 2.05, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. Coeur Mining has a 52-week low of $6.71 and a 52-week high of $9.87.
About Coeur Mining
Coeur Mining, Inc owns, operates, explores for, and develops silver and gold properties. It holds interests in the Palmarejo silver-gold complex located in Mexico; the Silvertip silver-zinc-lead mine located in British Columbia; the Rochester silver-gold mine located in Nevada; the Kensington gold mine located in Alaska; and the Wharf gold mine located in South Dakota.
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