Coeur Mining, Inc. (NYSE:CDE) Expected to Announce Earnings of $0.09 Per Share

Equities analysts expect Coeur Mining, Inc. (NYSE:CDE) to report earnings per share of $0.09 for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Coeur Mining’s earnings, with the lowest EPS estimate coming in at $0.06 and the highest estimate coming in at $0.11. Coeur Mining posted earnings per share of $0.01 during the same quarter last year, which would indicate a positive year over year growth rate of 800%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, August 4th.

According to Zacks, analysts expect that Coeur Mining will report full-year earnings of $0.31 per share for the current year, with EPS estimates ranging from $0.23 to $0.45. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.41 per share, with EPS estimates ranging from $0.22 to $0.60. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Coeur Mining.

Coeur Mining (NYSE:CDE) last posted its earnings results on Tuesday, April 27th. The basic materials company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.01). The firm had revenue of $202.12 million for the quarter, compared to the consensus estimate of $207.55 million. Coeur Mining had a return on equity of 10.81% and a net margin of 4.86%. Coeur Mining’s quarterly revenue was up 16.7% on a year-over-year basis.

Several analysts have weighed in on CDE shares. Raymond James boosted their price target on shares of Coeur Mining from $10.00 to $12.70 and gave the stock a “market perform” rating in a research note on Wednesday. Canaccord Genuity upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Wednesday, May 5th. Roth Capital upped their target price on shares of Coeur Mining from $10.00 to $10.50 and gave the stock a “buy” rating in a research note on Friday, April 30th. Zacks Investment Research downgraded shares of Coeur Mining from a “hold” rating to a “sell” rating in a research note on Tuesday, March 16th. Finally, Noble Financial reiterated a “market perform” rating on shares of Coeur Mining in a research report on Thursday, May 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $9.53.

Shares of NYSE CDE traded down $0.24 during mid-day trading on Friday, reaching $10.80. 80,088 shares of the company were exchanged, compared to its average volume of 4,631,419. Coeur Mining has a 52 week low of $4.33 and a 52 week high of $12.60. The company has a quick ratio of 1.11, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. The stock has a market cap of $2.78 billion, a PE ratio of 69.00 and a beta of 1.85. The stock has a 50 day moving average of $9.68.

Several institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in shares of Coeur Mining by 60.3% during the first quarter. Principal Financial Group Inc. now owns 24,736 shares of the basic materials company’s stock worth $223,000 after buying an additional 9,308 shares in the last quarter. Optiver Holding B.V. acquired a new stake in shares of Coeur Mining during the first quarter worth about $89,000. Axiom Investment Management LLC acquired a new stake in Coeur Mining in the first quarter valued at approximately $195,000. Paloma Partners Management Co raised its holdings in Coeur Mining by 89.4% in the first quarter. Paloma Partners Management Co now owns 50,871 shares of the basic materials company’s stock valued at $459,000 after acquiring an additional 24,007 shares in the last quarter. Finally, Amundi Asset Management US Inc. raised its holdings in Coeur Mining by 379.2% in the first quarter. Amundi Asset Management US Inc. now owns 718,849 shares of the basic materials company’s stock valued at $6,492,000 after acquiring an additional 568,849 shares in the last quarter. 63.99% of the stock is owned by institutional investors and hedge funds.

About Coeur Mining

Coeur Mining, Inc explores for, develops, produces, and sells precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It holds 100% interests in the Palmarejo gold and silver mine covering an area of approximately 67,296 net acres located in the State of Chihuahua in Northern Mexico; the Rochester silver and gold mine that covers an area of approximately 17,044 net acres situated in northwestern Nevada; the Kensington gold mine comprising 12,336 net acres located to the north of Juneau, Alaska; the Wharf gold mine covering an area of approximately 7,852 net acres situated in the northern Black Hills of western South Dakota; and the Silvertip silver-zinc-lead mine comprising 98,834 net acres located in northern British Columbia, Canada.

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

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