Coeur Mining, Inc. (CDE) to Issue Dividend of $0.02 on June 10th

Coeur Mining, Inc. (NYSE:CDE) declared a dividend on Wednesday, May 13th. Stockholders of record on Monday, May 25th will be paid a dividend of 0.02 per share by the basic materials company on Wednesday, June 10th. This represents a dividend yield of 20.0%. The ex-dividend date is Friday, May 22nd.

Coeur Mining Price Performance

Shares of NYSE CDE opened at $19.42 on Friday. Coeur Mining has a twelve month low of $7.15 and a twelve month high of $27.77. The stock’s 50 day moving average price is $19.47 and its 200-day moving average price is $19.38. The company has a market capitalization of $20.09 billion, a PE ratio of 16.74 and a beta of 1.24. The company has a quick ratio of 2.14, a current ratio of 3.73 and a debt-to-equity ratio of 0.07.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. The firm had revenue of $856.19 million during the quarter, compared to analysts’ expectations of $815.59 million. During the same quarter in the previous year, the company posted $0.11 EPS. Coeur Mining’s revenue for the quarter was up 137.8% on a year-over-year basis. On average, equities analysts anticipate that Coeur Mining will post 1.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CDE. Canadian Imperial Bank of Commerce began coverage on Coeur Mining in a report on Tuesday, March 10th. They set an “outperform” rating and a $40.00 price objective on the stock. Canaccord Genuity Group raised Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Wednesday, April 29th. Weiss Ratings cut Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 27th. Cantor Fitzgerald downgraded Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a research report on Thursday, May 7th. Finally, BMO Capital Markets began coverage on Coeur Mining in a research report on Wednesday, March 25th. They issued an “outperform” rating and a $27.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.56.

Coeur Mining Company Profile

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.