Coeur Mining Inc (NYSE:CDE) – Analysts at Raymond James lowered their Q1 2020 earnings estimates for Coeur Mining in a note issued to investors on Tuesday, November 5th. Raymond James analyst B. Macarthur now forecasts that the basic materials company will earn $0.02 per share for the quarter, down from their prior forecast of $0.03. Raymond James has a “Market Perform” rating and a $6.25 price target on the stock. Raymond James also issued estimates for Coeur Mining’s FY2020 earnings at $0.12 EPS.
CDE has been the subject of several other reports. Roth Capital reaffirmed a “neutral” rating and issued a $5.25 target price on shares of Coeur Mining in a research report on Wednesday, August 7th. ValuEngine downgraded Coeur Mining from a “sell” rating to a “strong sell” rating in a research report on Friday. BMO Capital Markets lifted their target price on Coeur Mining from $5.50 to $6.25 and gave the company a “market perform” rating in a research report on Wednesday. Canaccord Genuity downgraded Coeur Mining from a “buy” rating to a “hold” rating and set a $5.50 target price for the company. in a research report on Thursday, August 8th. Finally, Zacks Investment Research downgraded Coeur Mining from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $6.08.
Coeur Mining (NYSE:CDE) last released its earnings results on Monday, November 4th. The basic materials company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.01. The company had revenue of $199.47 million during the quarter, compared to the consensus estimate of $199.41 million. Coeur Mining had a negative return on equity of 4.07% and a negative net margin of 10.57%. Coeur Mining’s revenue was up 34.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.11) EPS.
Several institutional investors and hedge funds have recently made changes to their positions in CDE. Amundi Pioneer Asset Management Inc. boosted its stake in shares of Coeur Mining by 32.1% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 668,739 shares of the basic materials company’s stock valued at $2,728,000 after buying an additional 162,639 shares during the period. Clean Yield Group boosted its stake in shares of Coeur Mining by 34.6% in the 2nd quarter. Clean Yield Group now owns 35,000 shares of the basic materials company’s stock valued at $152,000 after buying an additional 9,000 shares during the period. SG Americas Securities LLC boosted its stake in shares of Coeur Mining by 26.6% in the 2nd quarter. SG Americas Securities LLC now owns 161,293 shares of the basic materials company’s stock valued at $700,000 after buying an additional 33,854 shares during the period. First Trust Advisors LP boosted its stake in shares of Coeur Mining by 38.6% in the 2nd quarter. First Trust Advisors LP now owns 236,103 shares of the basic materials company’s stock valued at $1,025,000 after buying an additional 65,788 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Coeur Mining by 18.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 470,357 shares of the basic materials company’s stock valued at $2,041,000 after buying an additional 72,652 shares during the period. Institutional investors and hedge funds own 65.51% of the company’s stock.
In other Coeur Mining news, CAO Kenneth J. Watkinson sold 9,891 shares of Coeur Mining stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $5.48, for a total value of $54,202.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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.
Further Reading: Understanding Compound Annual Growth Rate (CAGR)
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