Coeur Mining (NYSE:CDE) Releases Earnings Results

Coeur Mining (NYSE:CDE) posted its quarterly earnings results on Wednesday. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01, Briefing.com reports. Coeur Mining had a negative net margin of 12.62% and a negative return on equity of 7.79%. The company had revenue of $213.10 million for the quarter, compared to the consensus estimate of $203.43 million. During the same period last year, the firm posted ($0.11) EPS. The company’s revenue for the quarter was up 13.8% on a year-over-year basis.

Coeur Mining Stock Performance

Shares of NYSE:CDE traded up $0.18 on Thursday, hitting $4.76. The company’s stock had a trading volume of 4,411,480 shares, compared to its average volume of 7,565,973. Coeur Mining has a 12 month low of $2.00 and a 12 month high of $5.47. The stock’s 50-day moving average is $3.78 and its two-hundred day moving average is $3.14. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.38 and a current ratio of 0.92. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of -15.13 and a beta of 1.77.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CDE. National Bank Financial reissued an “outperform spec market weight” rating on shares of Coeur Mining in a report on Monday, April 8th. BMO Capital Markets raised their price target on Coeur Mining from $3.50 to $4.25 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. Roth Mkm initiated coverage on Coeur Mining in a research note on Tuesday, April 9th. They set a “buy” rating and a $5.40 price objective for the company. Roth Capital reaffirmed a “buy” rating on shares of Coeur Mining in a research report on Tuesday, April 9th. Finally, Raymond James boosted their price target on shares of Coeur Mining from $3.75 to $4.00 and gave the company a “market perform” rating in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $4.21.

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.