Coeur Mining Inc (NYSE:CDE) – Research analysts at Cormark lifted their Q3 2019 earnings per share estimates for shares of Coeur Mining in a note issued to investors on Thursday, July 18th. Cormark analyst R. Gray now forecasts that the basic materials company will post earnings per share of $0.01 for the quarter, up from their prior estimate of ($0.07). Cormark also issued estimates for Coeur Mining’s Q4 2019 earnings at $0.06 EPS, FY2019 earnings at ($0.16) EPS, Q1 2020 earnings at $0.09 EPS, Q2 2020 earnings at $0.09 EPS, Q3 2020 earnings at $0.09 EPS, Q4 2020 earnings at $0.09 EPS and FY2020 earnings at $0.37 EPS.
Several other equities research analysts have also issued reports on CDE. Zacks Investment Research lowered H&E Equipment Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 17th. Noble Financial reaffirmed a “buy” rating and set a $5.00 target price on shares of Coeur Mining in a research report on Monday, July 15th. BMO Capital Markets set a $140.00 target price on SAP and gave the company a “hold” rating in a research report on Friday, July 19th. Roth Capital reaffirmed a “buy” rating on shares of Coeur Mining in a research report on Monday, July 15th. Finally, Raymond James raised their target price on Franco Nevada from $94.00 to $98.00 and gave the company an “outperform” rating in a research report on Monday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $5.38.
NYSE CDE opened at $4.69 on Monday. Coeur Mining has a 12 month low of $2.78 and a 12 month high of $8.20. The stock has a market cap of $961.92 million, a price-to-earnings ratio of -469.00 and a beta of 0.96. The company has a fifty day moving average of $4.04. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.36 and a quick ratio of 0.63.
Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.06). The company had revenue of $154.90 million during the quarter, compared to analysts’ expectations of $156.37 million. Coeur Mining had a negative net margin of 11.15% and a negative return on equity of 3.11%. Coeur Mining’s quarterly revenue was down 5.1% on a year-over-year basis.
In other news, CFO Thomas S. Whelan acquired 25,000 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was bought at an average price of $2.84 per share, with a total value of $71,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director J Kenneth Thompson acquired 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was purchased at an average cost of $2.93 per share, with a total value of $43,950.00. Following the acquisition, the director now owns 150,645 shares in the company, valued at approximately $441,389.85. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 41,750 shares of company stock valued at $120,200. Insiders own 1.88% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Amalgamated Bank increased its holdings in Coeur Mining by 11.5% in the 4th quarter. Amalgamated Bank now owns 25,373 shares of the basic materials company’s stock worth $113,000 after acquiring an additional 2,627 shares during the last quarter. Legal & General Group Plc increased its holdings in Coeur Mining by 5.9% in the 4th quarter. Legal & General Group Plc now owns 69,486 shares of the basic materials company’s stock worth $310,000 after acquiring an additional 3,880 shares during the last quarter. CWM Advisors LLC increased its holdings in Coeur Mining by 25.8% in the 4th quarter. CWM Advisors LLC now owns 24,818 shares of the basic materials company’s stock worth $111,000 after acquiring an additional 5,083 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Coeur Mining by 77.1% in the 4th quarter. Hsbc Holdings PLC now owns 19,197 shares of the basic materials company’s stock worth $86,000 after acquiring an additional 8,358 shares during the last quarter. Finally, Clean Yield Group increased its holdings in Coeur Mining by 34.6% in the 2nd quarter. Clean Yield Group now owns 35,000 shares of the basic materials company’s stock worth $152,000 after acquiring an additional 9,000 shares during the last quarter. 65.89% of the stock is owned by institutional investors.
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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