Coeur Mining Inc (NYSE:CDE) – Investment analysts at B. Riley cut their Q4 2019 earnings estimates for shares of Coeur Mining in a report issued on Friday, May 3rd. B. Riley analyst A. Graf now expects that the basic materials company will post earnings per share of $0.01 for the quarter, down from their prior forecast of $0.02. B. Riley has a “Buy” rating and a $6.25 price objective on the stock. B. Riley also issued estimates for Coeur Mining’s FY2020 earnings at $0.10 EPS and FY2021 earnings at $0.33 EPS.
Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, May 1st. The basic materials company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.06). The business had revenue of $154.90 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was down 5.1% compared to the same quarter last year.
Several other analysts also recently commented on CDE. Noble Financial set a $7.00 target price on shares of Coeur Mining and gave the stock a “buy” rating in a research report on Wednesday, January 16th. Zacks Investment Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 21st. BMO Capital Markets cut shares of Coeur Mining from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $6.50 to $6.00 in a research note on Friday, February 22nd. Raymond James restated an “outperform” rating and issued a $6.50 price objective on shares of Coeur Mining in a research note on Friday, February 22nd. Finally, ValuEngine upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $6.67.
CDE stock opened at $3.39 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.36 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $695.65 million, a price-to-earnings ratio of -339.00 and a beta of 0.35. Coeur Mining has a 12 month low of $3.18 and a 12 month high of $8.58.
A number of large investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp raised its stake in Coeur Mining by 14.5% during the 4th quarter. Van ECK Associates Corp now owns 24,967,902 shares of the basic materials company’s stock valued at $111,607,000 after purchasing an additional 3,153,734 shares during the last quarter. Vanguard Group Inc raised its stake in Coeur Mining by 2.5% during the 3rd quarter. Vanguard Group Inc now owns 16,704,201 shares of the basic materials company’s stock valued at $89,033,000 after purchasing an additional 404,798 shares during the last quarter. Vanguard Group Inc. raised its stake in Coeur Mining by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 16,704,201 shares of the basic materials company’s stock valued at $89,033,000 after purchasing an additional 404,798 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Coeur Mining by 11.0% during the 4th 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 during the last quarter. Finally, BlackRock Inc. raised its stake in Coeur Mining by 7.1% during the 4th 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 during the last quarter. Hedge funds and other institutional investors own 66.79% of the company’s stock.
In other news, SVP Hans John Rasmussen sold 7,500 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $4.78, for a total value of $35,850.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.88% of the stock is currently owned by insiders.
About Coeur Mining
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.