Coeur Mining (NYSE:CDE) Issues Quarterly Earnings Results

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

Coeur Mining Trading Up 8.5 %

CDE traded up $0.50 during trading on Thursday, hitting $6.41. The company’s stock had a trading volume of 13,081,584 shares, compared to its average volume of 7,784,553. The business’s 50 day simple moving average is $6.54 and its 200-day simple moving average is $6.00. Coeur Mining has a one year low of $2.00 and a one year high of $7.72. The company has a quick ratio of 0.45, a current ratio of 1.20 and a debt-to-equity ratio of 0.59.

Analyst Ratings Changes

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