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

Coeur Mining (NYSE:CDE) issued its earnings results on Wednesday. The basic materials company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11, Zacks reports. The company had revenue of $305.40 million during the quarter, compared to the consensus estimate of $314.32 million. Coeur Mining had a net margin of 5.59% and a return on equity of 6.71%.

Coeur Mining Stock Down 3.9 %

NYSE CDE opened at $6.11 on Friday. The stock has a 50 day moving average price of $6.33 and a 200-day moving average price of $6.39. Coeur Mining has a one year low of $2.42 and a one year high of $7.72. The company has a market capitalization of $2.44 billion, a P/E ratio of 50.88 and a beta of 1.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.39 and a current ratio of 1.09.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CDE. Raymond James raised Coeur Mining from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $8.75 to $8.25 in a research note on Friday. Cantor Fitzgerald upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. BMO Capital Markets assumed coverage on shares of Coeur Mining in a research report on Tuesday. They set an “outperform” rating and a $9.00 price objective on the stock. StockNews.com raised shares of Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, Cormark raised shares of Coeur Mining to a “moderate buy” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $8.38.

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.