Coeur Mining Inc (NYSE:CDE) Expected to Announce Quarterly Sales of $228.19 Million

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Analysts expect Coeur Mining Inc (NYSE:CDE) to post sales of $228.19 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Coeur Mining’s earnings, with estimates ranging from $218.00 million to $238.37 million. Coeur Mining reported sales of $143.80 million in the same quarter last year, which indicates a positive year-over-year growth rate of 58.7%. The company is scheduled to report its next quarterly earnings report on Wednesday, February 19th.

According to Zacks, analysts expect that Coeur Mining will report full-year sales of $737.96 million for the current year, with estimates ranging from $727.60 million to $754.83 million. For the next year, analysts expect that the business will post sales of $864.63 million, with estimates ranging from $801.00 million to $929.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Coeur Mining.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Monday, November 4th. The basic materials company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.01. The firm had revenue of $199.47 million during the quarter, compared to analysts’ expectations of $199.41 million. Coeur Mining had a negative return on equity of 4.07% and a negative net margin of 10.57%. The business’s quarterly revenue was up 34.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.11) EPS.

CDE has been the subject of a number of recent analyst reports. B. Riley raised their price objective on Coeur Mining from $7.50 to $7.80 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Raymond James set a $6.25 price objective on Coeur Mining and gave the stock a “market perform” rating in a research report on Wednesday, November 6th. Roth Capital reissued a “neutral” rating and issued a $5.25 price objective on shares of Coeur Mining in a research report on Wednesday, August 7th. Zacks Investment Research cut Coeur Mining from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, ValuEngine lowered Coeur Mining from a “sell” rating to a “strong sell” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $5.90.

Shares of Coeur Mining stock traded up $0.29 during trading on Tuesday, reaching $6.56. The company’s stock had a trading volume of 3,762,787 shares, compared to its average volume of 5,270,371. The company has a quick ratio of 0.54, a current ratio of 1.15 and a debt-to-equity ratio of 0.30. The company has a market cap of $1.51 billion, a price-to-earnings ratio of -656.00 and a beta of 0.81. Coeur Mining has a 1-year low of $2.78 and a 1-year high of $6.93. The company has a 50-day simple moving average of $5.68 and a two-hundred day simple moving average of $4.74.

Hedge funds have recently modified their holdings of the stock. Point72 Hong Kong Ltd purchased a new position in Coeur Mining in the 2nd quarter worth $28,000. CWM LLC purchased a new position in Coeur Mining in the 3rd quarter worth $68,000. Assenagon Asset Management S.A. purchased a new position in Coeur Mining in the 3rd quarter worth $95,000. HighTower Advisors LLC purchased a new position in Coeur Mining in the 2nd quarter worth $88,000. Finally, Stifel Financial Corp purchased a new position in Coeur Mining in the 3rd quarter worth $90,000. Institutional investors own 64.03% of the company’s stock.

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.

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