Coeur Mining (NYSE:CDE) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Coeur Mining (NYSE:CDE) issued its quarterly earnings results on Wednesday. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04), FiscalAI reports. Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%. The firm had revenue of $983.62 million during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the firm earned $0.23 earnings per share. The business’s revenue was up 77.4% on a year-over-year basis.

Coeur Mining Trading Up 8.7%

Coeur Mining stock traded up $1.16 during midday trading on Wednesday, hitting $14.57. 46,522,312 shares of the stock were exchanged, compared to its average volume of 36,186,984. Coeur Mining has a fifty-two week low of $12.71 and a fifty-two week high of $27.77. The stock has a market capitalization of $14.98 billion, a price-to-earnings ratio of 12.65 and a beta of 1.46. The stock’s 50-day simple moving average is $17.70 and its 200 day simple moving average is $18.84. The company has a current ratio of 3.65, a quick ratio of 2.44 and a debt-to-equity ratio of 0.07.

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, EVP Casey Nault sold 10,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $20.00, for a total value of $200,000.00. Following the transaction, the executive vice president directly owned 540,086 shares in the company, valued at $10,801,720. The trade was a 1.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas Whelan sold 6,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $20.87, for a total transaction of $125,220.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 51,000 shares of company stock worth $1,055,070 in the last ninety days. 0.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CDE. Zacks Research raised shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. Weiss Ratings downgraded shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, October 27th. Roth Capital set a $19.00 target price on shares of Coeur Mining in a research note on Friday, August 7th. Finally, Scotiabank lowered their target price on Coeur Mining from $28.50 to $26.50 and set an “outperform” rating on the stock in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.06.

Key Coeur Mining News

Here are the key news stories impacting Coeur Mining this week:

• Positive Sentiment: Revenue rose 77.4% from a year earlier to $983.6 million, indicating substantial year-over-year growth. Quarterly earnings report
• Neutral Sentiment: Options traders bought 26,568 CDE call options, about 41% above typical daily volume. This suggests increased bullish positioning, though options activity alone does not establish a durable outlook.
• Negative Sentiment: Quarterly EPS was $0.10, down from $0.23 a year earlier. It matched the Zacks consensus but was below another cited analyst consensus of $0.14; revenue also trailed the $1.14 billion estimate. Zacks earnings report Adjusted earnings report
• Negative Sentiment: A report characterized a $40 million charge as a drag on an otherwise strong quarter, adding to concerns about the earnings decline. Quarterly results analysis

About Coeur Mining

Coeur Mining, Inc is a precious metals mining company headquartered in Chicago, Illinois. The company explores for, develops, and operates mines that produce gold and silver, with its activities focused primarily in North America.

Coeur’s operating portfolio includes the Rochester gold and silver mine in Nevada, the Wharf gold mine in South Dakota, the Kensington gold mine in Alaska, and the Las Chispas silver and gold operation in Sonora, Mexico. The company also maintains exploration and development interests in additional mineral properties.

Founded in 1928, Coeur Mining has grown through the development and acquisition of precious metals assets.