Coeur Mining (NYSE:CDE) Announces Quarterly Earnings Results

Coeur Mining (NYSE:CDE) issued its quarterly earnings data on Wednesday. The basic materials company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $313.50 million for the quarter, compared to analyst estimates of $289.19 million. During the same period last year, the company earned ($0.05) EPS. The business’s quarterly revenue was up 61.1% compared to the same quarter last year.

Coeur Mining Stock Up 8.5 %

CDE stock traded up $0.50 on Thursday, reaching $6.41. 13,081,584 shares of the company traded hands, compared to its average volume of 7,784,553. 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. The firm has a fifty day simple moving average of $6.54 and a 200-day simple moving average of $6.00.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Raymond James lifted their price target on shares of Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a report on Friday, September 20th. Cantor Fitzgerald lowered Coeur Mining from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 8th. Roth Mkm raised their price objective on Coeur Mining from $8.00 to $8.50 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Canaccord Genuity Group upped their target price 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, BMO Capital Markets increased 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.