Coeur Mining (NYSE:CDE) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Coeur Mining (NYSE:CDE) announced its quarterly earnings results on Wednesday. The basic materials company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.01, Briefing.com reports. Coeur Mining had a negative net margin of 12.77% and a negative return on equity of 6.27%. The firm had revenue of $213.10 million for the quarter, compared to analyst estimates of $203.43 million. During the same period last year, the business earned ($0.11) EPS. Coeur Mining’s revenue for the quarter was up 13.8% compared to the same quarter last year.

Coeur Mining Price Performance

Shares of CDE stock traded up $0.13 during trading hours on Friday, hitting $4.92. The company’s stock had a trading volume of 3,788,042 shares, compared to its average volume of 7,560,041. Coeur Mining has a twelve month low of $2.00 and a twelve month high of $5.47. The business has a fifty day moving average of $3.83 and a 200-day moving average of $3.15. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of -15.42 and a beta of 1.77. The company has a current ratio of 0.92, a quick ratio of 0.38 and a debt-to-equity ratio of 0.51.

Wall Street Analyst Weigh In

A number of research analysts have commented on CDE shares. Roth Mkm started coverage on shares of Coeur Mining in a research note on Tuesday, April 9th. They issued a “buy” rating and a $5.40 price objective on the stock. BMO Capital Markets upgraded shares of Coeur Mining from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $4.25 to $5.50 in a research note on Friday. National Bank Financial restated an “outperform spec market weight” rating on shares of Coeur Mining in a research note on Monday, April 8th. Raymond James lifted their price objective on shares of Coeur Mining from $3.75 to $4.00 and gave the company a “market perform” rating in a research note on Monday, April 8th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Coeur Mining in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.36.

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.