Coeur Mining (NYSE:CDE) Announces Earnings Results, Beats Estimates By $0.05 EPS

Coeur Mining (NYSE:CDE) released its earnings results on Wednesday. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.05, Briefing.com reports. Coeur Mining had a negative net margin of 8.33% and a negative return on equity of 4.59%. The business had revenue of $313.50 million for the quarter, compared to analyst estimates of $289.19 million. During the same quarter in the previous year, the business earned ($0.05) earnings per share. Coeur Mining’s revenue for the quarter was up 61.1% on a year-over-year basis.

Coeur Mining Stock Performance

CDE opened at $6.59 on Friday. Coeur Mining has a 1-year low of $2.00 and a 1-year high of $7.72. The company has a market cap of $2.63 billion, a price-to-earnings ratio of -219.67 and a beta of 1.65. The company’s fifty day moving average price is $6.56 and its two-hundred day moving average price is $6.02. The company has a current ratio of 1.20, a quick ratio of 0.45 and a debt-to-equity ratio of 0.59.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Raymond James upped their target price on Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a research report on Friday, September 20th. BMO Capital Markets raised their price objective on shares of Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Roth Mkm reiterated a “buy” rating and set a $8.50 target price (down previously from $9.00) on shares of Coeur Mining in a research report on Friday. Canaccord Genuity Group raised their price target on shares of Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Cantor Fitzgerald upgraded shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Coeur Mining currently has an average rating of “Moderate Buy” and a consensus price target 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.