Wall Street brokerages predict that Coeur Mining Inc (NYSE:CDE) will report $167.55 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Coeur Mining’s earnings. The highest sales estimate is $171.40 million and the lowest is $163.70 million. Coeur Mining posted sales of $175.96 million during the same quarter last year, which suggests a negative year-over-year growth rate of 4.8%. The firm is scheduled to issue its next earnings report on Wednesday, October 24th.

According to Zacks, analysts expect that Coeur Mining will report full-year sales of $676.70 million for the current year, with estimates ranging from $664.80 million to $688.60 million. For the next year, analysts expect that the company will post sales of $782.00 million per share, with estimates ranging from $765.20 million to $798.80 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Coeur Mining.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, July 25th. The basic materials company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The business had revenue of $170.00 million for the quarter, compared to analyst estimates of $174.67 million. Coeur Mining had a negative net margin of 0.67% and a negative return on equity of 0.32%. The company’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.01) EPS.

CDE has been the topic of several recent analyst reports. Noble Financial upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a report on Friday, July 27th. Roth Capital upgraded shares of Coeur Mining from a “neutral” rating to a “buy” rating and set a $9.00 price objective on the stock in a report on Tuesday, July 10th. Canaccord Genuity reiterated a “buy” rating and set a $10.75 price objective on shares of Coeur Mining in a report on Friday, July 13th. BMO Capital Markets increased their price objective on shares of Coeur Mining from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Tuesday, July 10th. Finally, ValuEngine upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, July 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $9.71.

Shares of CDE stock traded down $0.02 during trading hours on Wednesday, hitting $5.52. 1,759,200 shares of the company were exchanged, compared to its average volume of 3,001,463. The firm has a market cap of $1.04 billion, a P/E ratio of 278.50 and a beta of 0.56. Coeur Mining has a 1 year low of $5.18 and a 1 year high of $9.87. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.23 and a quick ratio of 1.25.

In related news, CFO Peter C. Mitchell sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $7.03, for a total value of $140,600.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mitchell J. Krebs purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 3rd. The stock was acquired at an average price of $6.61 per share, for a total transaction of $66,100.00. The disclosure for this purchase can be found here. Insiders purchased 12,000 shares of company stock worth $80,400 in the last 90 days. 1.32% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp raised its holdings in Coeur Mining by 6.6% in the second quarter. Van ECK Associates Corp now owns 21,000,231 shares of the basic materials company’s stock valued at $159,602,000 after buying an additional 1,300,391 shares during the period. BlackRock Inc. raised its stake in shares of Coeur Mining by 4.8% during the second quarter. BlackRock Inc. now owns 12,570,332 shares of the basic materials company’s stock valued at $95,535,000 after purchasing an additional 577,792 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Coeur Mining by 16.1% during the second quarter. Dimensional Fund Advisors LP now owns 11,993,632 shares of the basic materials company’s stock valued at $91,151,000 after purchasing an additional 1,663,565 shares during the period. Northern Trust Corp raised its stake in shares of Coeur Mining by 0.4% during the first quarter. Northern Trust Corp now owns 2,466,725 shares of the basic materials company’s stock valued at $19,734,000 after purchasing an additional 10,658 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Coeur Mining by 130.3% during the second quarter. Bank of New York Mellon Corp now owns 2,079,696 shares of the basic materials company’s stock valued at $15,805,000 after purchasing an additional 1,176,642 shares during the period. Hedge funds and other institutional investors own 67.47% of the company’s stock.

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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Earnings History and Estimates for Coeur Mining (NYSE:CDE)

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