Coeur Mining Inc (NYSE:CDE) – Equities research analysts at Cormark issued their FY2019 earnings estimates for Coeur Mining in a research report issued to clients and investors on Wednesday, November 6th. Cormark analyst R. Gray expects that the basic materials company will earn ($0.19) per share for the year. Cormark also issued estimates for Coeur Mining’s Q4 2019 earnings at $0.04 EPS, Q1 2020 earnings at $0.12 EPS, Q2 2020 earnings at $0.13 EPS, Q3 2020 earnings at $0.13 EPS, Q4 2020 earnings at $0.13 EPS and FY2020 earnings at $0.50 EPS.
Several other equities analysts also recently commented on the stock. Raymond James set a $6.25 target price on shares of Coeur Mining and gave the stock a “market perform” rating in a research report on Wednesday. Zacks Investment Research cut shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Canaccord Genuity cut shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $5.50 price target for the company. in a report on Thursday, August 8th. B. Riley upped their price target on shares of Coeur Mining from $7.50 to $7.80 and gave the company a “buy” rating in a report on Tuesday, September 24th. Finally, ValuEngine cut shares of Coeur Mining from a “sell” rating to a “strong sell” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $6.08.
Coeur Mining stock traded up $0.07 during mid-day trading on Friday, hitting $5.95. 6,737,907 shares of the company’s stock were exchanged, compared to its average volume of 5,597,557. The company has a current ratio of 1.15, a quick ratio of 0.42 and a debt-to-equity ratio of 0.30. The stock has a market cap of $1.40 billion, a P/E ratio of -595.00 and a beta of 0.81. Coeur Mining has a 1-year low of $2.78 and a 1-year high of $6.13. The stock has a 50 day moving average of $5.18 and a two-hundred day moving average of $4.43.
Coeur Mining (NYSE:CDE) last posted its earnings results on Monday, November 4th. The basic materials company reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. The firm had revenue of $199.47 million for the quarter, compared to the consensus estimate of $199.41 million. Coeur Mining had a negative net margin of 10.57% and a negative return on equity of 4.07%. The business’s quarterly revenue was up 34.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.11) earnings per share.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CDE. Point72 Hong Kong Ltd acquired a new stake in shares of Coeur Mining in the second quarter valued at approximately $28,000. Advisor Group Inc. increased its holdings in shares of Coeur Mining by 27.7% in the second quarter. Advisor Group Inc. now owns 33,541 shares of the basic materials company’s stock valued at $146,000 after purchasing an additional 7,283 shares in the last quarter. Swiss National Bank increased its holdings in shares of Coeur Mining by 2.1% in the second quarter. Swiss National Bank now owns 378,300 shares of the basic materials company’s stock valued at $1,642,000 after purchasing an additional 7,900 shares in the last quarter. Clean Yield Group increased its holdings in shares of Coeur Mining by 34.6% in the second quarter. Clean Yield Group now owns 35,000 shares of the basic materials company’s stock valued at $152,000 after purchasing an additional 9,000 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Coeur Mining by 23.5% in the second quarter. JPMorgan Chase & Co. now owns 61,299 shares of the basic materials company’s stock valued at $259,000 after purchasing an additional 11,657 shares in the last quarter. Institutional investors and hedge funds own 65.51% of the company’s stock.
In related news, CAO Kenneth J. Watkinson sold 9,891 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $5.48, for a total value of $54,202.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.88% of the stock is owned by corporate insiders.
About Coeur Mining
Coeur Mining, Inc explores for, develops, and produces gold, silver, zinc, and lead properties. It holds interests in the Palmarejo gold and silver complex located in Mexico; the Rochester silver and gold mine situated in Nevada; the Kensington gold mine located in Alaska; the Wharf gold mine situated in South Dakota; and the Silvertip silver-zinc-lead mine located in Canada.
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