Coeur Mining Inc (CDE) Expected to Post Quarterly Sales of $174.35 Million
Equities research analysts expect Coeur Mining Inc (NYSE:CDE) to report sales of $174.35 million for the current quarter, Zacks reports. Two analysts have issued estimates for Coeur Mining’s earnings, with estimates ranging from $171.40 million to $177.30 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 0.9%. The company is scheduled to issue its next earnings report on Wednesday, October 24th.
On average, analysts expect that Coeur Mining will report full year sales of $690.00 million for the current fiscal year, with estimates ranging from $688.60 million to $691.40 million. For the next year, analysts forecast that the company will post sales of $795.45 million per share, with estimates ranging from $792.10 million to $798.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Coeur Mining.
Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, July 25th. The basic materials company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Coeur Mining had a negative net margin of 0.67% and a negative return on equity of 0.32%. The company had revenue of $170.00 million during the quarter, compared to analyst estimates of $174.67 million. During the same period last year, the business earned ($0.01) earnings per share. Coeur Mining’s revenue was up 6.3% compared to the same quarter last year.
CDE stock opened at $5.46 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.23 and a quick ratio of 1.25. Coeur Mining has a 12 month low of $5.18 and a 12 month high of $9.87. The company has a market capitalization of $1.06 billion, a PE ratio of 270.50 and a beta of 0.56.
In related news, insider Mitchell J. Krebs bought 10,000 shares of the stock in a transaction that occurred on Friday, August 3rd. The shares were acquired at an average cost of $6.61 per share, with a total value of $66,100.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $140,600.00. The disclosure for this sale can be found here. Insiders purchased 12,000 shares of company stock worth $80,400 over the last ninety days. 1.32% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp raised its stake in shares of Coeur Mining by 6.6% during the second quarter. Van ECK Associates Corp now owns 21,000,231 shares of the basic materials company’s stock worth $159,602,000 after acquiring an additional 1,300,391 shares in the last quarter. 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 worth $95,535,000 after acquiring an additional 577,792 shares in the last quarter. 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 worth $91,151,000 after acquiring an additional 1,663,565 shares in the last quarter. 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 worth $19,734,000 after acquiring an additional 10,658 shares in the last quarter. 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 worth $15,805,000 after acquiring an additional 1,176,642 shares in the last quarter. 67.47% of the stock is currently owned by hedge funds and other institutional investors.
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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