Analysts Expect Coeur Mining Inc (CDE) Will Post Quarterly Sales of $173.32 Million

Wall Street analysts forecast that Coeur Mining Inc (NYSE:CDE) will post $173.32 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Coeur Mining’s earnings. The lowest sales estimate is $171.80 million and the highest is $174.83 million. Coeur Mining posted sales of $206.14 million during the same quarter last year, which suggests a negative year over year growth rate of 15.9%. The company is expected to issue its next quarterly earnings report on Wednesday, April 25th.

On average, analysts expect that Coeur Mining will report full year sales of $173.32 million for the current year, with estimates ranging from $725.26 million to $747.30 million. For the next fiscal year, analysts expect that the business will report sales of $889.37 million per share, with estimates ranging from $821.54 million to $957.20 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Coeur Mining.

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Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, February 7th. The basic materials company reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. The firm had revenue of $214.60 million for the quarter, compared to analyst estimates of $228.64 million. Coeur Mining had a negative net margin of 0.17% and a positive return on equity of 1.51%. Coeur Mining’s quarterly revenue was up 54.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 earnings per share.

A number of equities analysts recently weighed in on the stock. Canaccord Genuity upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research report on Wednesday, April 4th. BMO Capital Markets set a $10.00 price target on shares of Coeur Mining and gave the stock a “buy” rating in a research report on Tuesday, February 27th. ValuEngine lowered shares of Coeur Mining from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Noble Financial restated a “hold” rating on shares of Coeur Mining in a research report on Thursday, January 11th. Finally, Raymond James Financial restated an “outperform” rating and set a $9.50 price target on shares of Coeur Mining in a research report on Friday, March 23rd. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. Coeur Mining currently has a consensus rating of “Hold” and a consensus price target of $9.80.

In other Coeur Mining news, CFO Peter C. Mitchell sold 10,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $7.97, for a total value of $79,700.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Frank L. Jr. Hanagarne sold 5,684 shares of the business’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $8.50, for a total transaction of $48,314.00. The disclosure for this sale can be found here. Insiders sold a total of 25,684 shares of company stock worth $209,514 over the last quarter. 1.32% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Xact Kapitalforvaltning AB acquired a new position in Coeur Mining in the 4th quarter valued at about $166,000. MetLife Investment Advisors LLC acquired a new position in Coeur Mining in the 4th quarter valued at about $645,000. TIAA CREF Investment Management LLC boosted its holdings in Coeur Mining by 4.5% in the 4th quarter. TIAA CREF Investment Management LLC now owns 849,116 shares of the basic materials company’s stock valued at $6,368,000 after purchasing an additional 36,408 shares during the last quarter. Teachers Advisors LLC boosted its holdings in Coeur Mining by 0.6% in the 4th quarter. Teachers Advisors LLC now owns 1,161,397 shares of the basic materials company’s stock valued at $8,710,000 after purchasing an additional 6,563 shares during the last quarter. Finally, Raymond James & Associates acquired a new position in Coeur Mining in the 4th quarter valued at about $133,000. Institutional investors own 75.12% of the company’s stock.

CDE traded down $0.27 on Monday, reaching $7.80. 3,252,400 shares of the company’s stock were exchanged, compared to its average volume of 3,393,649. The firm has a market capitalization of $1,496.52, a PE ratio of 390.00 and a beta of 0.54. Coeur Mining has a twelve month low of $6.71 and a twelve month high of $10.24. The company has a current ratio of 1.97, a quick ratio of 1.39 and a debt-to-equity ratio of 0.47.

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

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