Coeur Mining (NYSE:CDE) Issues Quarterly Earnings Results

Coeur Mining (NYSE:CDE) announced its quarterly earnings results on Wednesday. The basic materials company reported $0.12 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 analyst estimates of $289.19 million. Coeur Mining had a negative net margin of 8.33% and a negative return on equity of 4.59%. Coeur Mining’s quarterly revenue was up 61.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.05) EPS.

Coeur Mining Price Performance

Shares of CDE stock traded up $0.68 during mid-day trading on Thursday, reaching $6.59. The company’s stock had a trading volume of 20,478,639 shares, compared to its average volume of 7,820,478. The firm’s 50-day moving average is $6.54 and its two-hundred day moving average is $6.00. The company has a market cap of $2.63 billion, a P/E ratio of -31.38 and a beta of 1.65. Coeur Mining has a 1-year low of $2.00 and a 1-year high of $7.72. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.45 and a current ratio of 1.20.

Analysts Set New Price Targets

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

About Coeur Mining

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.