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

Coeur Mining (NYSE:CDE) announced its quarterly earnings data on Wednesday. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.01, Briefing.com reports. Coeur Mining had a negative return on equity of 7.79% and a negative net margin of 12.62%. The firm had revenue of $213.10 million during the quarter, compared to analysts’ expectations of $203.43 million. During the same period last year, the business posted ($0.11) earnings per share. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year.

Coeur Mining Price Performance

CDE traded up $0.16 during trading on Thursday, hitting $4.74. The company’s stock had a trading volume of 4,273,375 shares, compared to its average volume of 7,563,475. The company has a current ratio of 0.92, a quick ratio of 0.38 and a debt-to-equity ratio of 0.51. The business’s fifty day simple moving average is $3.78 and its 200 day simple moving average is $3.14. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of -15.13 and a beta of 1.77. Coeur Mining has a twelve month low of $2.00 and a twelve month high of $5.47.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Roth Mkm assumed coverage on Coeur Mining in a research note on Tuesday, April 9th. They issued a “buy” rating and a $5.40 price objective for the company. Raymond James lifted their price target on Coeur Mining from $3.75 to $4.00 and gave the company a “market perform” rating in a research report on Monday, April 8th. National Bank Financial reiterated an “outperform spec market weight” rating on shares of Coeur Mining in a research report on Monday, April 8th. BMO Capital Markets lifted their price target on Coeur Mining from $3.50 to $4.25 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. Finally, Roth Capital reiterated a “buy” rating on shares of Coeur Mining in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Coeur Mining has a consensus rating of “Moderate Buy” and a consensus target price of $4.21.

About Coeur Mining

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.