Wall Street analysts predict that Coeur Mining, Inc. (NYSE:CDE) will report $231.52 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Coeur Mining’s earnings, with the highest sales estimate coming in at $234.15 million and the lowest estimate coming in at $228.90 million. Coeur Mining posted sales of $229.73 million during the same quarter last year, which would indicate a positive year over year growth rate of 0.8%. The business is expected to announce its next quarterly earnings results on Wednesday, October 27th.
On average, analysts expect that Coeur Mining will report full-year sales of $871.66 million for the current fiscal year, with estimates ranging from $867.70 million to $875.29 million. For the next fiscal year, analysts expect that the firm will report sales of $914.81 million, with estimates ranging from $899.80 million to $931.62 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that follow Coeur Mining.
Several research firms have recently issued reports on CDE. Roth Capital reduced their target price on Coeur Mining from $10.50 to $10.00 and set a “buy” rating for the company in a report on Friday, July 30th. Raymond James decreased their target price on Coeur Mining from $10.50 to $10.00 and set a “market perform” rating for the company in a research report on Friday, July 30th. Finally, Zacks Investment Research downgraded Coeur Mining from a “hold” rating to a “sell” rating in a research note on Thursday, July 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $10.00.
Institutional investors have recently made changes to their positions in the business. Parametric Portfolio Associates LLC grew its holdings in shares of Coeur Mining by 44.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 563,580 shares of the basic materials company’s stock worth $5,005,000 after purchasing an additional 173,521 shares during the period. Morgan Stanley increased its stake in Coeur Mining by 233.7% in the 2nd quarter. Morgan Stanley now owns 2,544,809 shares of the basic materials company’s stock valued at $22,597,000 after buying an additional 1,782,248 shares during the period. Jefferies Group LLC acquired a new stake in Coeur Mining in the 2nd quarter valued at approximately $453,000. Wells Fargo & Company MN increased its stake in Coeur Mining by 32.0% during the 2nd quarter. Wells Fargo & Company MN now owns 422,608 shares of the basic materials company’s stock worth $3,754,000 after acquiring an additional 102,332 shares during the period. Finally, Salem Investment Counselors Inc. bought a new position in shares of Coeur Mining in the 2nd quarter valued at $173,000. 63.00% of the stock is owned by institutional investors and hedge funds.
CDE opened at $7.07 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.74. The business has a 50-day moving average of $7.21 and a 200-day moving average of $8.69. Coeur Mining has a fifty-two week low of $6.09 and a fifty-two week high of $12.60. The company has a market capitalization of $1.82 billion, a PE ratio of 23.57 and a beta of 1.76.
About Coeur Mining
Coeur Mining, Inc engages in the exploration and development of silver and gold mining properties and mines located in United States, Canada and Mexico. The company operates through the following segments: Palmarejo, Rochester, Kensington, Wharf, and Silvertip. Coeur Mining was founded in 1928 and is headquartered in Chicago, IL.
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