Brokerages Expect Coeur Mining Inc (NYSE:CDE) Will Post Earnings of -$0.07 Per Share

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Wall Street analysts predict that Coeur Mining Inc (NYSE:CDE) will post ($0.07) earnings per share for the current quarter, according to Zacks. Three analysts have provided estimates for Coeur Mining’s earnings. The highest EPS estimate is $0.02 and the lowest is ($0.11). Coeur Mining reported earnings per share of $0.01 during the same quarter last year, which would suggest a negative year over year growth rate of 800%. The company is scheduled to report its next earnings report after the market closes on Wednesday, July 24th.

On average, analysts expect that Coeur Mining will report full year earnings of ($0.24) per share for the current year, with EPS estimates ranging from ($0.35) to ($0.01). For the next fiscal year, analysts expect that the business will report earnings of $0.02 per share, with EPS estimates ranging from ($0.17) to $0.22. Zacks’ earnings per share averages are a mean average based on a survey of research firms that cover Coeur Mining.

Coeur Mining (NYSE:CDE) last released its earnings results 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). The company had revenue of $154.90 million for the quarter, compared to analyst estimates of $156.37 million. Coeur Mining had a negative return on equity of 3.11% and a negative net margin of 11.15%. Coeur Mining’s quarterly revenue was down 5.1% on a year-over-year basis.

Several analysts recently weighed in on CDE shares. ValuEngine lowered TheStreet from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Noble Financial reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Coeur Mining in a research note on Monday. BMO Capital Markets raised TMAC Resources from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 2nd. Raymond James reaffirmed a “buy” rating on shares of Intercept Pharmaceuticals in a research note on Thursday, June 6th. Finally, Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Monday, July 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Coeur Mining currently has an average rating of “Hold” and an average target price of $5.00.

In other news, Director J Kenneth Thompson purchased 15,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were purchased at an average cost of $2.93 per share, with a total value of $43,950.00. Following the completion of the purchase, the director now owns 150,645 shares of the company’s stock, valued at approximately $441,389.85. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Thomas S. Whelan purchased 25,000 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were purchased at an average cost of $2.84 per share, for a total transaction of $71,000.00. The disclosure for this purchase can be found here. Insiders purchased 41,750 shares of company stock worth $120,200 over the last ninety days. 1.88% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in CDE. Norges Bank acquired a new stake in shares of Coeur Mining during the fourth quarter valued at about $7,183,000. Dimensional Fund Advisors LP boosted its stake in shares of Coeur Mining by 11.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 15,719,591 shares of the basic materials company’s stock valued at $70,266,000 after purchasing an additional 1,559,563 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Coeur Mining by 107.9% during the fourth quarter. Deutsche Bank AG now owns 1,953,092 shares of the basic materials company’s stock valued at $8,729,000 after purchasing an additional 1,013,536 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Coeur Mining by 7.1% during the fourth quarter. BlackRock Inc. now owns 13,712,933 shares of the basic materials company’s stock valued at $61,297,000 after purchasing an additional 914,807 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in shares of Coeur Mining by 10.6% during the fourth quarter. Macquarie Group Ltd. now owns 4,615,285 shares of the basic materials company’s stock valued at $20,630,000 after purchasing an additional 443,668 shares in the last quarter. 65.90% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CDE traded down $0.07 during trading hours on Wednesday, hitting $4.56. 78,780 shares of the company were exchanged, compared to its average volume of 5,608,975. The stock has a market capitalization of $949.60 million, a P/E ratio of -456.00 and a beta of 0.96. Coeur Mining has a fifty-two week low of $2.78 and a fifty-two week high of $8.36. The company has a current ratio of 1.36, a quick ratio of 0.63 and a debt-to-equity ratio of 0.52. The business’s fifty day simple moving average is $3.65.

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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