Coeur Mining Inc (NYSE:CDE) – Investment analysts at B. Riley dropped their Q4 2019 earnings per share (EPS) estimates for shares of Coeur Mining in a research report issued to clients and investors on Friday, May 3rd, according to Zacks Investment Research. B. Riley analyst A. Graf now expects that the basic materials company will earn $0.01 per share for the quarter, down from their prior estimate of $0.02. B. Riley currently has a “Buy” rating and a $6.25 price objective on the stock. B. Riley also issued estimates for Coeur Mining’s FY2020 earnings at $0.10 EPS and FY2021 earnings at $0.33 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 analysts’ consensus estimates of ($0.05) by ($0.06). The firm had revenue of $154.90 million during the quarter, compared to analyst estimates of $156.37 million. Coeur Mining had a negative net margin of 11.15% and a negative return on equity of 3.11%. Coeur Mining’s revenue was down 5.1% compared to the same quarter last year.
Shares of NYSE:CDE traded down $0.02 during trading on Monday, reaching $2.83. The stock had a trading volume of 3,296,600 shares, compared to its average volume of 3,010,261. 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 firm has a market cap of $583.30 million, a PE ratio of -282.00 and a beta of 0.35. Coeur Mining has a fifty-two week low of $2.78 and a fifty-two week high of $8.55.
Several hedge funds and other institutional investors have recently bought and sold shares of CDE. Baldwin Brothers Inc. MA acquired a new position in shares of Coeur Mining during the fourth quarter worth $27,000. Envestnet Asset Management Inc. acquired a new position in shares of Coeur Mining during the first quarter worth $44,000. Nisa Investment Advisors LLC lifted its position in shares of Coeur Mining by 1,075.3% during the first quarter. Nisa Investment Advisors LLC now owns 10,930 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 10,000 shares in the last quarter. Gotham Asset Management LLC acquired a new position in shares of Coeur Mining during the fourth quarter worth $52,000. Finally, Quantamental Technologies LLC acquired a new position in shares of Coeur Mining during the fourth quarter worth $54,000. 65.93% of the stock is currently owned by institutional investors and hedge funds.
In other Coeur Mining news, Director J Kenneth Thompson acquired 15,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was bought at an average cost of $2.93 per share, for a total transaction of $43,950.00. Following the completion of the purchase, the director now directly owns 150,645 shares in the company, valued at $441,389.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Hans John Rasmussen sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $4.78, for a total transaction of $35,850.00. The disclosure for this sale can be found here. 1.88% of the stock is owned by insiders.
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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