Coeur Mining (NYSE:CDE) Releases Quarterly Earnings Results, Hits Estimates

Coeur Mining (NYSE:CDE) announced its quarterly earnings results on Wednesday. The basic materials company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11, Zacks reports. Coeur Mining had a negative net margin of 0.44% and a positive return on equity of 1.78%.

Coeur Mining Stock Performance

NYSE CDE traded down $0.10 during trading on Wednesday, reaching $6.34. The company’s stock had a trading volume of 24,164,818 shares, compared to its average volume of 16,279,988. The company has a current ratio of 1.09, a quick ratio of 0.39 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of -211.10 and a beta of 1.59. Coeur Mining has a 12 month low of $2.42 and a 12 month high of $7.72. The firm has a 50 day moving average price of $6.37 and a 200 day moving average price of $6.40.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. BMO Capital Markets assumed coverage on shares of Coeur Mining in a research note on Tuesday. They issued an “outperform” rating and a $9.00 price target on the stock. Roth Mkm reiterated a “buy” rating and issued a $8.50 price target (down previously from $9.00) on shares of Coeur Mining in a research note on Friday, November 8th. StockNews.com upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Cantor Fitzgerald upgraded shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Coeur Mining presently has an average rating of “Moderate Buy” and an average price target of $8.06.

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.