Coeur Mining (NYSE:CDE) Posts Quarterly Earnings Results, Hits Estimates

Coeur Mining (NYSE:CDE) announced its quarterly earnings data on Wednesday. The basic materials company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11, Zacks reports. Coeur Mining had a negative net margin of 0.44% and a positive return on equity of 1.78%.

Coeur Mining Stock Performance

Shares of CDE stock opened at $6.34 on Thursday. Coeur Mining has a 1 year low of $2.42 and a 1 year high of $7.72. The company has a quick ratio of 0.39, a current ratio of 1.09 and a debt-to-equity ratio of 0.53. The stock’s 50-day moving average is $6.37 and its two-hundred day moving average is $6.40.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. StockNews.com raised Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Roth Mkm reissued a “buy” rating and set a $8.50 price objective (down from $9.00) on shares of Coeur Mining in a research report on Friday, November 8th. BMO Capital Markets assumed coverage on shares of Coeur Mining in a research note on Tuesday. They issued an “outperform” rating and a $9.00 price target for the company. Finally, Cantor Fitzgerald upgraded shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $8.06.

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.