Equities analysts forecast that Coeur Mining, Inc. (NYSE:CDE) will post earnings per share of $0.07 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Coeur Mining’s earnings, with the highest EPS estimate coming in at $0.14 and the lowest estimate coming in at $0.00. Coeur Mining posted earnings of ($0.03) per share in the same quarter last year, which indicates a positive year over year growth rate of 333.3%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, February 14th.
According to Zacks, analysts expect that Coeur Mining will report full-year earnings of ($0.05) per share for the current fiscal year. For the next year, analysts forecast that the business will report earnings of $0.41 per share, with EPS estimates ranging from $0.28 to $0.61. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Coeur Mining.
Coeur Mining (NYSE:CDE) last announced its quarterly earnings data 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). Coeur Mining had a negative net margin of 2.41% and a negative return on equity of 1.37%. The firm had revenue of $176.00 million during the quarter, compared to analyst estimates of $185.09 million. During the same period last year, the business posted $0.23 EPS. The company’s revenue was up 1.5% on a year-over-year basis.
In related news, VP Mark Spurbeck sold 15,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $7.42, for a total transaction of $111,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Peter C. Mitchell sold 10,000 shares of the business’s 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. Over the last quarter, insiders have sold 54,810 shares of company stock worth $464,155. 1.30% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Aperio Group LLC boosted its holdings in shares of Coeur Mining by 5.9% in the 2nd quarter. Aperio Group LLC now owns 44,435 shares of the basic materials company’s stock worth $381,000 after purchasing an additional 2,482 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Coeur Mining by 46.8% in the 2nd 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 in the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Coeur Mining in the 2nd quarter valued at about $689,000. Investec Asset Management LTD bought a new stake in shares of Coeur Mining in the 2nd quarter valued at about $28,801,000. Finally, ETF Managers Group LLC bought a new stake in shares of Coeur Mining in the 2nd quarter valued at about $5,207,000. Institutional investors and hedge funds own 69.75% of the company’s stock.
Shares of Coeur Mining (CDE) traded down $0.47 during trading hours on Friday, hitting $7.19. The company had a trading volume of 2,489,000 shares, compared to its average volume of 3,135,689. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.51 and a current ratio of 3.68. Coeur Mining has a one year low of $6.98 and a one year high of $12.30.
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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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