Brokerages expect Coeur Mining Inc (NYSE:CDE) to post $173.74 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Coeur Mining’s earnings. The highest sales estimate is $179.58 million and the lowest is $167.90 million. Coeur Mining reported sales of $163.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.6%. The business is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, April 24th.
According to Zacks, analysts expect that Coeur Mining will report full-year sales of $728.62 million for the current financial year, with estimates ranging from $706.00 million to $748.49 million. For the next fiscal year, analysts expect that the business will post sales of $789.50 million, with estimates ranging from $775.65 million to $803.34 million. Zacks’ sales calculations are an average based on a survey of research analysts that cover Coeur Mining.
Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, February 20th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.20. Coeur Mining had a negative return on equity of 0.22% and a negative net margin of 7.74%. The business had revenue of $143.80 million during the quarter, compared to the consensus estimate of $152.25 million. During the same period last year, the company earned $0.08 EPS. The company’s revenue for the quarter was down 33.0% on a year-over-year basis.
A number of brokerages recently commented on CDE. B. Riley began coverage on Coeur Mining in a report on Friday, March 1st. They set a “buy” rating and a $6.25 target price for the company. Noble Financial set a $7.00 price target on Coeur Mining and gave the stock a “buy” rating in a research note on Wednesday, January 16th. BMO Capital Markets set a $6.00 price target on Coeur Mining and gave the stock a “hold” rating in a research note on Friday. Zacks Investment Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 21st. Finally, Raymond James restated an “outperform” rating and set a $6.50 price target on shares of Coeur Mining in a research note on Friday, February 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $7.58.
Shares of NYSE:CDE traded down $0.04 during midday trading on Friday, reaching $3.90. 68,966 shares of the company’s stock were exchanged, compared to its average volume of 2,958,150. The company has a current ratio of 1.85, a quick ratio of 0.97 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $808.53 million, a price-to-earnings ratio of -389.00 and a beta of 0.42. Coeur Mining has a fifty-two week low of $3.76 and a fifty-two week high of $8.89.
In other news, SVP Hans John Rasmussen sold 7,500 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $4.78, for a total value of $35,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.88% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of CDE. Russell Investments Group Ltd. boosted its position in shares of Coeur Mining by 41.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 60,728 shares of the basic materials company’s stock worth $324,000 after acquiring an additional 17,860 shares in the last quarter. SG Americas Securities LLC increased its position in Coeur Mining by 122.0% during the third quarter. SG Americas Securities LLC now owns 82,378 shares of the basic materials company’s stock worth $439,000 after buying an additional 45,272 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Coeur Mining by 59.7% in the third quarter. Bank of New York Mellon Corp now owns 3,321,054 shares of the basic materials company’s stock valued at $17,701,000 after purchasing an additional 1,241,358 shares during the period. CI Investments Inc. increased its holdings in shares of Coeur Mining by 118.4% in the third quarter. CI Investments Inc. now owns 1,484,848 shares of the basic materials company’s stock valued at $7,914,000 after purchasing an additional 804,848 shares during the period. Finally, BlackRock Inc. increased its holdings in shares of Coeur Mining by 1.8% in the third quarter. BlackRock Inc. now owns 12,798,126 shares of the basic materials company’s stock valued at $68,214,000 after purchasing an additional 227,794 shares during the period. Institutional investors and hedge funds own 67.22% of the company’s stock.
Coeur Mining Company Profile
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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