Coeur Mining Inc (NYSE:CDE) – B. Riley raised their Q3 2019 earnings per share estimates for shares of Coeur Mining in a note issued to investors on Monday, June 24th, Zacks Investment Research reports. B. Riley analyst A. Graf now forecasts that the basic materials company will earn ($0.05) per share for the quarter, up from their previous estimate of ($0.07). B. Riley also issued estimates for Coeur Mining’s Q4 2019 earnings at ($0.03) EPS, FY2019 earnings at ($0.27) EPS, FY2020 earnings at $0.08 EPS and FY2021 earnings at $0.27 EPS.
Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.06). Coeur Mining had a negative net margin of 11.15% and a negative return on equity of 3.11%. The company had revenue of $154.90 million during the quarter, compared to analysts’ expectations of $156.37 million. Coeur Mining’s revenue was down 5.1% compared to the same quarter last year.
Shares of NYSE CDE traded up $0.25 during midday trading on Wednesday, reaching $5.05. 13,636,462 shares of the company’s stock were exchanged, compared to its average volume of 3,890,469. Coeur Mining has a 52-week low of $2.78 and a 52-week high of $8.20. The company has a market capitalization of $984.48 million, a PE ratio of -505.00 and a beta of 0.97. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.36 and a quick ratio of 0.63. The stock’s fifty day moving average price is $3.82.
A number of institutional investors have recently added to or reduced their stakes in CDE. Van ECK Associates Corp raised its stake in shares of Coeur Mining by 14.5% during the fourth quarter. Van ECK Associates Corp now owns 24,967,902 shares of the basic materials company’s stock valued at $111,607,000 after acquiring an additional 3,153,734 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Coeur Mining by 11.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 15,719,591 shares of the basic materials company’s stock worth $70,266,000 after acquiring an additional 1,559,563 shares during the period. BlackRock Inc. raised its position in shares of Coeur Mining by 7.1% during the 4th quarter. BlackRock Inc. now owns 13,712,933 shares of the basic materials company’s stock worth $61,297,000 after purchasing an additional 914,807 shares during the last quarter. Macquarie Group Ltd. grew its stake in Coeur Mining by 10.6% during the 4th quarter. Macquarie Group Ltd. now owns 4,615,285 shares of the basic materials company’s stock valued at $20,630,000 after acquiring an additional 443,668 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Coeur Mining by 4.3% in the 4th quarter. Bank of New York Mellon Corp now owns 3,464,350 shares of the basic materials company’s stock worth $15,486,000 after acquiring an additional 143,296 shares during the last quarter. 65.90% of the stock is owned by institutional investors.
In other Coeur Mining news, Director J Kenneth Thompson acquired 15,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was acquired at an average cost of $2.93 per share, for a total transaction of $43,950.00. Following the completion of the transaction, the director now directly owns 150,645 shares of the company’s stock, valued at $441,389.85. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Thomas S. Whelan acquired 25,000 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was purchased at an average price of $2.84 per share, for a total transaction of $71,000.00. The disclosure for this purchase can be found here. Insiders have acquired 41,750 shares of company stock worth $120,200 over the last three months. Insiders own 1.88% of the company’s stock.
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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