Zacks: Brokerages Expect Coeur Mining Inc (NYSE:CDE) Will Announce Earnings of -$0.04 Per Share

Wall Street brokerages expect Coeur Mining Inc (NYSE:CDE) to announce earnings per share of ($0.04) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Coeur Mining’s earnings, with the highest EPS estimate coming in at ($0.01) and the lowest estimate coming in at ($0.06). Coeur Mining posted earnings of ($0.11) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 63.6%. The firm is scheduled to issue its next earnings report after the market closes on Wednesday, July 29th.

On average, analysts expect that Coeur Mining will report full-year earnings of $0.11 per share for the current fiscal year, with EPS estimates ranging from ($0.10) to $0.53. For the next financial year, analysts anticipate that the business will post earnings of $0.57 per share, with EPS estimates ranging from $0.15 to $1.15. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Coeur Mining.

A number of brokerages have recently commented on CDE. Canaccord Genuity cut Coeur Mining from a “buy” rating to a “hold” rating and set a $3.50 price target for the company. in a research note on Tuesday, April 14th. Roth Capital upgraded 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. BMO Capital Markets decreased their price target on Coeur Mining from $6.00 to $5.00 and set a “market perform” rating for the company in a report on Thursday, April 23rd. Raymond James increased their price objective 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. Finally, Cantor Fitzgerald assumed coverage on shares of Coeur Mining in a research report on Monday, May 18th. They set a “buy” rating and a $6.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Coeur Mining presently has a consensus rating of “Hold” and a consensus price target of $6.00.

A number of institutional investors and hedge funds have recently bought and sold shares of CDE. Mackay Shields LLC bought a new position in Coeur Mining during the first quarter valued at $50,000. Principal Financial Group Inc. increased its position in 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 valued at $62,000 after purchasing an additional 6,170 shares during the period. Pearl River Capital LLC purchased a new position in shares of Coeur Mining in the 4th quarter worth approximately $130,000. Great West Life Assurance Co. Can grew its position in shares of 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 worth $132,000 after buying an additional 3,557 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado grew its position in Coeur Mining by 22.2% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 42,552 shares of the basic materials company’s stock worth $137,000 after purchasing an additional 7,724 shares during the last quarter. 66.08% of the stock is owned by institutional investors.

Shares of Coeur Mining stock traded up $0.27 on Thursday, hitting $5.73. The stock had a trading volume of 232,300 shares, compared to its average volume of 7,257,554. The company has a quick ratio of 0.63, a current ratio of 1.60 and a debt-to-equity ratio of 0.48. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of -3.86 and a beta of 1.75. The business’s 50 day moving average is $5.09 and its two-hundred day moving average is $5.04. Coeur Mining has a twelve month low of $1.98 and a twelve month high of $8.29.

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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