Coeur Mining reports 3Q loss

Lloyd Doyle
October 26, 2017

Analysts forecast that Coeur Mining, Inc.

Currently Coeur Mining Inc (NYSE:CDE)'s shares owned by insiders are 0.4%, whereas shares owned by institutional owners are 72.2%. Three analysts have issued estimates for Coeur Mining's earnings, with estimates ranging from $0.05 to $0.07. Equities research analysts anticipate that Coeur Mining will post $0.11 earnings per share for the current fiscal year. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.10 by $0.13.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, October 26th. The Gsa Capital Partners Llp holds 18,120 shares with $155,000 value, down from 133,079 last quarter. For the current year the company's revenue estimates are $770.49 Million compared to low analyst estimates of $757 Million and high estimates of $805 Million according to the prediction of 8 analysts. Coeur Mining had a net margin of 9.65% and a return on equity of 10.44%. Revenue during the quarter was $173.35 million, representing -5% growth from $182.01 million in year-ago quarter. During the same period in the prior year, the company posted $0.09 earnings per share.

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada reiterated a "buy" rating on shares of Coeur Mining in a research note on Friday, July 14th. Zacks Investment Research cut shares of Coeur Mining from a "buy" rating to a "hold" rating in a research note on Tuesday, September 27th. Parametric Portfolio Associates Lc has 0% invested in Coeur Mining Inc (NYSE:CDE) for 364,749 shares. The average investment rating for CDE on a scale of 1 to 5 (1 being a strong sell and 5 being a strong buy) is a 3.50 or a Hold. The company presently has a consensus rating of "Hold" and a consensus target price of $11.62. 2 or 28.57% of the trades during the past quarter were buys, and 5 or 71.43% were sells. The company has a market capitalization of $1.53 billion, a P/E ratio of 21.84 and a beta of 0.39. Shares of CDE have downtrended -6.35% in the past three months, while the S&P 500 has moved -6.18% in that time. If the published price targets set by Coeur Mining, Inc. analysts have any power to influence the stock's share price, the highest price target set for CDE is $14. The shares were sold at an average price of $8.50, for a total value of $244,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The stock was sold at an average price of $9.25, for a total transaction of $87,875.00.

In other news, VP Mark Spurbeck sold 9,500 shares of the company's stock in a transaction dated Friday, September 15th. The disclosure for this sale can be found here. It is negative, as 25 investors sold CDE shares while 55 reduced holdings. Northpointe Capital LLC acquired a new position in shares of Coeur Mining during the 3rd quarter worth about $7,063,000. However the company reported $0.23 earnings per share for the same quarter during previous year.

The collective rating of 2.3 for Coeur Mining, Inc. 123.06 million shares or 1.09% more from 121.72 million shares in 2017Q1 were reported. Past 5 years growth of Coeur Mining Inc (NYSE:CDE) observed at -23.27%, looking forward for the next 5 years it has a strong prediction of -54.55% over growth. CDE's profit would be $10.86 million giving it 34.75 P/E if the $0.06 EPS is correct. If you are reading this report on another website, it was stolen and republished in violation of US & worldwide trademark & copyright law.

RH (NYSE:RH) gained 0.95% with the closing price of $84.59. Coeur Mining had 36 analyst reports since August 6, 2015 according to SRatingsIntel. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. The Company's segments include Palmarejo complex, Rochester, Kensington, Wharf and San Bartolome mines, and Coeur Capital.

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