$154.88 Million in Sales Expected for Coeur Mining Inc (NYSE:CDE) This Quarter

Brokerages expect Coeur Mining Inc (NYSE:CDE) to post sales of $154.88 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Coeur Mining’s earnings. The highest sales estimate is $163.02 million and the lowest is $148.40 million. Coeur Mining posted sales of $162.12 million in the same quarter last year, which suggests a negative year-over-year growth rate of 4.5%. The business is expected to announce its next quarterly earnings report after the market closes on Wednesday, July 29th.

On average, analysts expect that Coeur Mining will report full year sales of $767.09 million for the current year, with estimates ranging from $663.00 million to $918.14 million. For the next fiscal year, analysts forecast that the business will post sales of $979.51 million, with estimates ranging from $830.34 million to $1.13 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Coeur Mining.

A number of research firms recently commented on CDE. Cantor Fitzgerald began coverage on shares of Coeur Mining in a research note on Monday, May 18th. They issued a “buy” rating and a $6.00 target price for the company. Zacks Investment Research lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Wednesday, June 24th. Raymond James increased their price target on shares of Coeur Mining from $5.25 to $5.75 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Royal Bank of Canada reiterated a “hold” rating and issued a $3.50 price target on shares of Coeur Mining in a research note on Thursday, April 16th. Finally, Roth Capital raised Coeur Mining from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $5.50 to $5.00 in a report on Wednesday, April 8th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $6.00.

Shares of Coeur Mining stock traded up $0.27 during trading on Friday, hitting $5.73. The stock had a trading volume of 232,300 shares, compared to its average volume of 7,257,554. Coeur Mining has a 12 month low of $1.98 and a 12 month high of $8.29. The firm’s fifty day simple moving average is $5.09 and its 200-day simple moving average is $5.04. The stock has a market cap of $1.34 billion, a PE ratio of -3.86 and a beta of 1.75. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.60 and a quick ratio of 0.63.

Several institutional investors have recently bought and sold shares of the company. Mackay Shields LLC acquired a new position in shares of Coeur Mining during the first quarter worth $50,000. Pearl River Capital LLC purchased a new position in Coeur Mining in the 4th quarter valued at approximately $130,000. Great West Life Assurance Co. Can boosted its holdings in Coeur Mining by 27.6% in the 4th quarter. Great West Life Assurance Co. Can now owns 16,443 shares of the basic materials company’s stock valued at $132,000 after purchasing an additional 3,557 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Coeur Mining by 47.5% during the 1st quarter. Principal Financial Group Inc. now owns 19,170 shares of the basic materials company’s stock worth $62,000 after acquiring an additional 6,170 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Coeur Mining by 452,420.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 22,626 shares of the basic materials company’s stock valued at $183,000 after acquiring an additional 22,621 shares during the period. 66.08% of the stock is currently owned by institutional investors.

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

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