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

Coeur Mining (NYSE:CDE) announced its quarterly 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 analyst estimates of $289.19 million. During the same quarter in the previous year, the firm earned ($0.05) EPS. Coeur Mining’s quarterly revenue was up 61.1% on a year-over-year basis.

Coeur Mining Price Performance

Shares of CDE stock traded up $0.68 during trading on Thursday, hitting $6.59. The company had a trading volume of 20,478,639 shares, compared to its average volume of 7,820,478. The firm has a market capitalization of $2.63 billion, a P/E ratio of -31.38 and a beta of 1.65. Coeur Mining has a one year low of $2.00 and a one 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. The stock’s 50-day moving average price is $6.54 and its 200 day moving average price is $6.00.

Wall Street Analyst Weigh In

CDE has been the topic of several recent analyst reports. Raymond James boosted their target price on shares of Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a research note on Friday, September 20th. 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 report on Monday, September 23rd. Cantor Fitzgerald lowered Coeur Mining from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 8th. Canaccord Genuity Group lifted their price target 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. Finally, Roth Mkm increased their target price on Coeur Mining from $8.00 to $8.50 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average 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.