Coeur Mining (NYSE:CDE) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS
Coeur Mining (NYSE:CDE) posted its quarterly earnings data on Wednesday. The basic materials company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.05, MarketWatch Earnings reports. The company had revenue of $154.20 million during the quarter, compared to analysts’ expectations of $151.99 million. Coeur Mining had a negative return on equity of 0.90% and a negative net margin of 41.33%. Coeur Mining’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.11) earnings per share.
NYSE:CDE remained flat at $$7.88 on Friday. The company’s stock had a trading volume of 6,032,574 shares, compared to its average volume of 8,665,618. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.60 and a quick ratio of 0.63. The firm has a 50 day moving average of $5.63 and a two-hundred day moving average of $4.99. The company has a market cap of $1.92 billion, a price-to-earnings ratio of -6.30 and a beta of 1.75. Coeur Mining has a 12-month low of $1.98 and a 12-month high of $8.61.
Several research firms have recently weighed in on CDE. Zacks Investment Research raised Coeur Mining from a “hold” rating to a “buy” rating and set a $6.50 price objective for the company in a research report on Wednesday, July 15th. Royal Bank of Canada reissued a “hold” rating and set a $6.00 price target on shares of Coeur Mining in a research report on Monday, July 20th. Raymond James increased their price target on Coeur Mining from $5.75 to $6.75 and gave the company a “market perform” rating in a research report on Wednesday, July 15th. TheStreet raised Coeur Mining from a “d” rating to a “c-” rating in a research report on Wednesday. Finally, B. Riley increased their price target on Coeur Mining from $11.50 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $7.36.
Coeur Mining Company Profile
Coeur Mining, Inc explores for, develops, and produces gold, silver, zinc, and lead properties. It holds interests in the Palmarejo gold and silver complex located in Mexico; the Rochester silver and gold mine situated in Nevada; the Kensington gold mine located in Alaska; the Wharf gold mine situated in South Dakota; and the Silvertip silver-zinc-lead mine located in Canada.
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