Zacks: Analysts Anticipate Coeur Mining, Inc. (CDE) Will Announce Earnings of $0.06 Per Share
Equities analysts predict that Coeur Mining, Inc. (NYSE:CDE) will announce $0.06 earnings per share for the current quarter, Zacks reports. Three analysts have issued estimates for Coeur Mining’s earnings, with estimates ranging from $0.05 to $0.07. Coeur Mining posted earnings of $0.42 per share in the same quarter last year, which suggests a negative year over year growth rate of 85.7%. The company is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, October 25th.
On average, analysts expect that Coeur Mining will report full year earnings of $0.18 per share for the current year, with EPS estimates ranging from $0.16 to $0.20. For the next financial year, analysts anticipate that the business will post earnings of $0.47 per share, with EPS estimates ranging from $0.44 to $0.50. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Coeur Mining.
Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, July 26th. The basic materials company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $173.40 million during the quarter, compared to the consensus estimate of $174.70 million. Coeur Mining had a return on equity of 10.44% and a net margin of 9.65%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.09 EPS.
A number of analysts recently commented on the company. Roth Capital set a $13.00 price objective on Coeur Mining and gave the company a “buy” rating in a research report on Thursday. Royal Bank Of Canada reiterated a “buy” rating on shares of Coeur Mining in a research report on Wednesday, September 27th. Zacks Investment Research cut Coeur Mining from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. BidaskClub upgraded Coeur Mining from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 24th. Finally, Noble Financial reiterated a “hold” rating on shares of Coeur Mining in a research report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $11.62.
In other Coeur Mining news, SVP Hans John Rasmussen sold 10,000 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $9.25, for a total value of $92,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Frank L. Jr. Hanagarne sold 28,800 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $8.50, for a total value of $244,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 68,610 shares of company stock valued at $602,855. Company insiders own 1.30% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of CDE. UBS Group AG increased its position in Coeur Mining by 9.8% in the first quarter. UBS Group AG now owns 14,178 shares of the basic materials company’s stock worth $115,000 after buying an additional 1,267 shares in the last quarter. Teacher Retirement System of Texas increased its position in Coeur Mining by 8.5% in the first quarter. Teacher Retirement System of Texas now owns 14,405 shares of the basic materials company’s stock worth $116,000 after buying an additional 1,133 shares in the last quarter. Stevens Capital Management LP purchased a new stake in Coeur Mining in the second quarter worth about $123,000. Russell Investments Group Ltd. purchased a new stake in Coeur Mining in the second quarter worth about $141,000. Finally, Sigma Planning Corp purchased a new stake in Coeur Mining in the second quarter worth about $143,000. Institutional investors and hedge funds own 68.90% of the company’s stock.
Coeur Mining (CDE) traded down 1.28% on Thursday, hitting $9.26. The stock had a trading volume of 2,678,528 shares. The firm has a 50-day moving average of $8.99 and a 200 day moving average of $8.76. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 24.05 and a beta of 0.40. Coeur Mining has a 52 week low of $7.30 and a 52 week high of $12.30.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Coeur Mining Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coeur Mining Inc. and related companies with MarketBeat.com's FREE daily email newsletter.