Coeur Mining (NYSE:CDE) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Coeur Mining (NYSE:CDE) posted its earnings results on Wednesday. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.05, Briefing.com reports. The company had revenue of $313.50 million for the quarter, compared to analysts’ expectations of $289.19 million. Coeur Mining had a negative return on equity of 4.59% and a negative net margin of 8.33%. Coeur Mining’s quarterly revenue was up 61.1% on a year-over-year basis. During the same period last year, the firm earned ($0.05) earnings per share.

Coeur Mining Stock Down 2.4 %

Shares of NYSE:CDE traded down $0.16 during midday trading on Friday, reaching $6.43. The company’s stock had a trading volume of 1,621,373 shares, compared to its average volume of 7,791,976. The company has a quick ratio of 0.45, a current ratio of 1.20 and a debt-to-equity ratio of 0.59. The firm has a 50 day moving average of $6.54 and a 200-day moving average of $6.00. The firm has a market capitalization of $2.57 billion, a P/E ratio of -31.38 and a beta of 1.65. Coeur Mining has a 12-month low of $2.00 and a 12-month high of $7.72.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CDE. Cantor Fitzgerald lowered Coeur Mining from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 8th. Raymond James boosted their price objective on shares of Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a research report on Friday, September 20th. Canaccord Genuity Group raised their target price on shares of Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. BMO Capital Markets lifted their target price on shares of Coeur Mining from $7.50 to $8.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Finally, Roth Mkm increased their price target on shares of Coeur Mining from $8.00 to $8.50 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $7.81.

Coeur Mining Company Profile

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.