Q1 2018 EPS Estimates for Coeur Mining Inc (CDE) Raised by Cormark
Coeur Mining Inc (NYSE:CDE) – Equities researchers at Cormark raised their Q1 2018 EPS estimates for Coeur Mining in a research note issued to investors on Tuesday. Cormark analyst R. Gray now expects that the basic materials company will earn $0.10 per share for the quarter, up from their previous estimate of $0.09. Cormark also issued estimates for Coeur Mining’s Q2 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.15 EPS, Q4 2018 earnings at $0.16 EPS, FY2018 earnings at $0.53 EPS, Q1 2019 earnings at $0.16 EPS, Q2 2019 earnings at $0.16 EPS, Q3 2019 earnings at $0.16 EPS, Q4 2019 earnings at $0.16 EPS and FY2019 earnings at $0.64 EPS.
A number of other equities research analysts have also recently commented on the company. Zacks Investment Research raised Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 2nd. Royal Bank of Canada set a $10.00 price target on Coeur Mining and gave the company a “buy” rating in a report on Tuesday, December 5th. Raymond James Financial raised Coeur Mining from a “market perform” rating to an “outperform” rating and raised their price target for the company from $10.25 to $10.50 in a report on Tuesday, November 21st. BMO Capital Markets began coverage on Coeur Mining in a report on Friday, November 17th. They set an “outperform” rating and a $10.50 price target on the stock. Finally, Noble Financial reissued a “hold” rating on shares of Coeur Mining in a report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $10.29.
Coeur Mining (NYSE CDE) traded up $0.33 during trading hours on Wednesday, reaching $8.26. The company’s stock had a trading volume of 1,163,500 shares, compared to its average volume of 3,086,686. The company has a current ratio of 3.68, a quick ratio of 2.51 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $1,470.00, a PE ratio of -82.55 and a beta of 0.38. Coeur Mining has a twelve month low of $6.71 and a twelve month high of $12.30.
Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, October 25th. The basic materials company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.17). The business had revenue of $176.00 million for the quarter, compared to the consensus estimate of $185.09 million. Coeur Mining had a negative net margin of 2.41% and a negative return on equity of 1.37%. Coeur Mining’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 earnings per share.
Several hedge funds have recently modified their holdings of CDE. Van ECK Associates Corp increased its holdings in shares of Coeur Mining by 46.8% in the second quarter. Van ECK Associates Corp now owns 18,611,685 shares of the basic materials company’s stock worth $159,688,000 after purchasing an additional 5,933,383 shares during the last quarter. Investec Asset Management LTD bought a new stake in shares of Coeur Mining in the second quarter worth about $28,801,000. Dimensional Fund Advisors LP increased its holdings in shares of Coeur Mining by 65.4% in the second quarter. Dimensional Fund Advisors LP now owns 4,654,860 shares of the basic materials company’s stock worth $39,939,000 after purchasing an additional 1,840,601 shares during the last quarter. Teachers Advisors LLC increased its holdings in shares of Coeur Mining by 259.5% in the second quarter. Teachers Advisors LLC now owns 1,157,842 shares of the basic materials company’s stock worth $9,934,000 after purchasing an additional 835,734 shares during the last quarter. Finally, Northpointe Capital LLC bought a new stake in shares of Coeur Mining in the third quarter worth about $7,063,000. 69.73% of the stock is currently owned by hedge funds and other institutional investors.
In other news, VP Mark Spurbeck sold 15,000 shares of Coeur Mining stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $7.42, for a total value of $111,300.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Peter C. Mitchell sold 10,000 shares of Coeur Mining stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $7.67, for a total value of $76,700.00. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
About Coeur Mining
Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.
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