Q2 2019 Earnings Forecast for Coeur Mining Inc Issued By Raymond James (NYSE:CDE)

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Coeur Mining Inc (NYSE:CDE) – Raymond James cut their Q2 2019 earnings per share estimates for shares of Coeur Mining in a report issued on Monday, July 15th. Raymond James analyst B. Macarthur now anticipates that the basic materials company will earn ($0.11) per share for the quarter, down from their prior forecast of ($0.07). Raymond James has a “Outperform” rating and a $4.75 price objective on the stock. Raymond James also issued estimates for Coeur Mining’s Q3 2019 earnings at ($0.02) EPS, Q4 2019 earnings at ($0.01) EPS, FY2019 earnings at ($0.25) EPS, Q1 2020 earnings at ($0.02) EPS, Q2 2020 earnings at ($0.02) EPS, Q3 2020 earnings at ($0.02) EPS, Q4 2020 earnings at ($0.02) EPS and FY2020 earnings at ($0.07) EPS.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.06). Coeur Mining had a negative return on equity of 3.11% and a negative net margin of 11.15%. The business had revenue of $154.90 million during the quarter, compared to analysts’ expectations of $156.37 million. Coeur Mining’s quarterly revenue was down 5.1% compared to the same quarter last year.

Several other research analysts have also recently weighed in on CDE. ValuEngine cut United Rentals from a “sell” rating to a “strong sell” rating in a research report on Thursday. Zacks Investment Research cut H&E Equipment Services from a “hold” rating to a “sell” rating in a research report on Wednesday. Roth Capital reissued a “buy” rating on shares of Coeur Mining in a research report on Monday. Noble Financial reaffirmed a “buy” rating and set a $5.00 price target on shares of Coeur Mining in a research report on Monday. Finally, BMO Capital Markets raised TMAC Resources from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Coeur Mining presently has an average rating of “Buy” and an average price target of $5.00.

CDE stock opened at $5.05 on Wednesday. The stock has a fifty day simple moving average of $3.86. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.63 and a current ratio of 1.36. Coeur Mining has a 1-year low of $2.78 and a 1-year high of $8.20. The stock has a market capitalization of $984.48 million, a PE ratio of -505.00 and a beta of 0.97.

In other news, Director J Kenneth Thompson purchased 15,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were purchased at an average price of $2.93 per share, with a total value of $43,950.00. Following 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 document filed with the SEC, which is available through the SEC website. Also, CFO Thomas S. Whelan purchased 25,000 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were purchased at an average cost of $2.84 per share, for a total transaction of $71,000.00. The disclosure for this purchase can be found here. Insiders have bought a total of 41,750 shares of company stock worth $120,200 in the last ninety days. Insiders own 1.88% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in shares of 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 buying an additional 1,559,563 shares during the last quarter. BlackRock Inc. raised its stake 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 valued at $61,297,000 after purchasing an additional 914,807 shares during the period. Macquarie Group Ltd. raised its stake in shares of 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 purchasing an additional 443,668 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Coeur Mining by 4.3% during the 4th quarter. Bank of New York Mellon Corp now owns 3,464,350 shares of the basic materials company’s stock valued at $15,486,000 after purchasing an additional 143,296 shares during the period. Finally, Investec Asset Management LTD raised its stake in shares of Coeur Mining by 2.0% during the 1st quarter. Investec Asset Management LTD now owns 2,763,097 shares of the basic materials company’s stock valued at $11,273,000 after purchasing an additional 55,381 shares during the period. 65.90% of the stock is currently owned by hedge funds and other 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.

Further Reading: Quiet Period Expirations Explained

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

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