Coeur Mining Inc (NYSE:CDE) Expected to Announce Earnings of $0.06 Per Share

Equities research analysts expect that Coeur Mining Inc (NYSE:CDE) will report $0.06 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Coeur Mining’s earnings, with estimates ranging from $0.03 to $0.07. Coeur Mining reported earnings per share of ($0.02) during the same quarter last year, which suggests a positive year over year growth rate of 400%. The firm is scheduled to issue its next quarterly earnings results on Monday, November 2nd.

According to Zacks, analysts expect that Coeur Mining will report full year earnings of $0.10 per share for the current year, with EPS estimates ranging from $0.07 to $0.13. For the next year, analysts anticipate that the firm will report earnings of $0.35 per share, with EPS estimates ranging from $0.27 to $0.51. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Coeur Mining.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. The business had revenue of $154.20 million during the quarter, compared to the consensus estimate of $151.99 million. Coeur Mining had a negative return on equity of 0.94% and a negative net margin of 41.33%. The business’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.11) EPS.

A number of analysts have recently commented on CDE shares. Zacks Investment Research downgraded Coeur Mining from a “buy” rating to a “hold” rating in a report on Tuesday, September 15th. Raymond James upped their price target on shares of Coeur Mining from $6.75 to $7.75 and gave the stock a “market perform” rating in a research report on Friday, July 31st. Royal Bank of Canada reaffirmed a “hold” rating and set a $6.00 price target on shares of Coeur Mining in a research report on Monday, July 20th. Noble Financial raised shares of Coeur Mining from a “market perform” rating to an “outperform” rating and set a $9.00 price target for the company in a research report on Monday, September 14th. Finally, TheStreet raised shares of Coeur Mining from a “d” rating to a “c-” rating in a research report on Wednesday, July 29th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Coeur Mining currently has a consensus rating of “Buy” and a consensus target price of $7.64.

In other news, SVP Terrence F. Smith sold 51,219 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $8.24, for a total transaction of $422,044.56. Following the transaction, the senior vice president now owns 199,349 shares of the company’s stock, valued at $1,642,635.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Casey M. Nault sold 30,000 shares of the stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $8.01, for a total transaction of $240,300.00. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in Coeur Mining by 37.9% during the second quarter. PNC Financial Services Group Inc. now owns 10,914 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 3,000 shares during the period. California State Teachers Retirement System increased its stake in shares of Coeur Mining by 0.9% in the second quarter. California State Teachers Retirement System now owns 362,880 shares of the basic materials company’s stock valued at $1,843,000 after purchasing an additional 3,063 shares during the period. Profund Advisors LLC increased its stake in shares of Coeur Mining by 14.1% in the second quarter. Profund Advisors LLC now owns 31,236 shares of the basic materials company’s stock valued at $159,000 after purchasing an additional 3,871 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Coeur Mining by 32.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,062 shares of the basic materials company’s stock valued at $117,000 after purchasing an additional 5,595 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Coeur Mining by 47.5% in the first quarter. Principal Financial Group Inc. now owns 19,170 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 6,170 shares during the period. 61.67% of the stock is currently owned by institutional investors and hedge funds.

Shares of CDE stock traded up $0.13 on Tuesday, reaching $7.49. 3,845,012 shares of the stock were exchanged, compared to its average volume of 6,962,198. The stock has a market cap of $1.83 billion, a P/E ratio of -5.98 and a beta of 1.97. The company has a quick ratio of 0.71, a current ratio of 1.53 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average of $8.17 and a two-hundred day moving average of $5.60. Coeur Mining has a 1-year low of $1.98 and a 1-year high of $9.25.

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

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