Analysts Anticipate Coeur Mining Inc (CDE) to Post -$0.02 EPS
Analysts predict that Coeur Mining Inc (NYSE:CDE) will post ($0.02) earnings per share for the current quarter, according to Zacks. Two analysts have provided estimates for Coeur Mining’s earnings, with the lowest EPS estimate coming in at ($0.10) and the highest estimate coming in at $0.02. Coeur Mining posted earnings per share of ($0.10) during the same quarter last year, which indicates a positive year-over-year growth rate of 80%. The firm is expected to announce its next earnings results on Wednesday, October 24th.
According to Zacks, analysts expect that Coeur Mining will report full year earnings of $0.05 per share for the current financial year, with EPS estimates ranging from $0.03 to $0.06. For the next fiscal year, analysts expect that the firm will report earnings of $0.52 per share, with EPS estimates ranging from $0.32 to $0.75. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Coeur Mining.
Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, July 25th. The basic materials company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. The company had revenue of $170.00 million during the quarter, compared to the consensus estimate of $174.67 million. Coeur Mining had a negative net margin of 0.67% and a negative return on equity of 0.32%. Coeur Mining’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.01) EPS.
Shares of Coeur Mining stock opened at $5.62 on Friday. The firm has a market capitalization of $1.19 billion, a P/E ratio of 281.00 and a beta of 0.56. The company has a quick ratio of 1.25, a current ratio of 2.23 and a debt-to-equity ratio of 0.49. Coeur Mining has a fifty-two week low of $5.45 and a fifty-two week high of $9.87.
In related news, insider Mitchell J. Krebs purchased 10,000 shares of the firm’s stock in a transaction on Friday, August 3rd. The shares were acquired at an average price of $6.61 per share, for a total transaction of $66,100.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Peter C. Mitchell sold 20,000 shares of the business’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $7.03, for a total transaction of $140,600.00. The disclosure for this sale can be found here. In the last quarter, insiders acquired 12,000 shares of company stock worth $80,400. Corporate insiders own 1.32% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp lifted its stake in Coeur Mining by 6.6% in the 2nd quarter. Van ECK Associates Corp now owns 21,000,231 shares of the basic materials company’s stock worth $159,602,000 after purchasing an additional 1,300,391 shares in the last quarter. BlackRock Inc. lifted its stake in Coeur Mining by 4.8% in the 2nd quarter. BlackRock Inc. now owns 12,570,332 shares of the basic materials company’s stock worth $95,535,000 after purchasing an additional 577,792 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Coeur Mining by 16.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,993,632 shares of the basic materials company’s stock worth $91,151,000 after purchasing an additional 1,663,565 shares in the last quarter. Global X Management Co. LLC lifted its stake in Coeur Mining by 5.9% in the 1st quarter. Global X Management Co. LLC now owns 2,698,652 shares of the basic materials company’s stock worth $21,589,000 after purchasing an additional 151,129 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Coeur Mining by 0.4% in the 1st quarter. Northern Trust Corp now owns 2,466,725 shares of the basic materials company’s stock worth $19,734,000 after purchasing an additional 10,658 shares in the last quarter. Institutional investors and hedge funds own 70.72% of the company’s stock.
Coeur Mining Company Profile
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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