Coeur Mining Inc (NYSE:CDE) – Research analysts at B. Riley lowered their Q2 2019 EPS estimates for shares of Coeur Mining in a report released on Monday, June 10th. B. Riley analyst A. Graf now anticipates that the basic materials company will post earnings of ($0.10) per share for the quarter, down from their previous forecast of ($0.08). B. Riley currently has a “Buy” rating and a $6.25 target price on the stock. B. Riley also issued estimates for Coeur Mining’s Q3 2019 earnings at ($0.07) EPS, Q4 2019 earnings at ($0.05) EPS, FY2019 earnings at ($0.31) EPS, FY2020 earnings at ($0.04) EPS and FY2021 earnings at $0.18 EPS.
Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.06). Coeur Mining had a negative return on equity of 3.11% and a negative net margin of 11.15%. The firm had revenue of $154.90 million during the quarter, compared to the consensus estimate of $156.37 million. Coeur Mining’s quarterly revenue was down 5.1% compared to the same quarter last year.
Coeur Mining stock opened at $3.21 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.52. The firm has a market cap of $650.16 million, a price-to-earnings ratio of -321.00 and a beta of 0.61. Coeur Mining has a twelve month low of $2.78 and a twelve month high of $8.55.
In other Coeur Mining news, Director J Kenneth Thompson acquired 15,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was purchased at an average price of $2.93 per share, for a total transaction of $43,950.00. Following the acquisition, the director now owns 150,645 shares in the company, valued at approximately $441,389.85. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Thomas S. Whelan acquired 25,000 shares of the firm’s stock in a transaction dated Friday, May 31st. The shares were acquired at an average price of $2.84 per share, with a total value of $71,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 41,750 shares of company stock valued at $120,200. 1.88% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of CDE. Bank of Montreal Can lifted its holdings in shares of Coeur Mining by 9.5% during the 4th quarter. Bank of Montreal Can now owns 423,564 shares of the basic materials company’s stock valued at $1,893,000 after purchasing an additional 36,599 shares during the last quarter. Sigma Planning Corp purchased a new stake in shares of Coeur Mining during the 4th quarter valued at $165,000. Rhumbline Advisers lifted its holdings in shares of Coeur Mining by 101.0% during the 4th quarter. Rhumbline Advisers now owns 377,562 shares of the basic materials company’s stock valued at $1,688,000 after purchasing an additional 189,708 shares during the last quarter. Creative Planning purchased a new stake in shares of Coeur Mining during the 4th quarter valued at $333,000. Finally, Ruffer LLP lifted its holdings in shares of Coeur Mining by 18.8% during the 4th quarter. Ruffer LLP now owns 1,773,063 shares of the basic materials company’s stock valued at $7,916,000 after purchasing an additional 280,000 shares during the last quarter. Hedge funds and other institutional investors own 65.93% of the company’s stock.
Coeur Mining Company Profile
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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