Coeur Mining (NYSE:CDE) Issues Quarterly Earnings Results

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

Coeur Mining Stock Performance

NYSE CDE opened at $6.59 on Friday. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of -219.67 and a beta of 1.65. The company has a quick ratio of 0.45, a current ratio of 1.20 and a debt-to-equity ratio of 0.59. Coeur Mining has a twelve month low of $2.00 and a twelve month high of $7.72. The stock has a fifty day simple moving average of $6.56 and a 200 day simple moving average of $6.02.

Analysts Set New Price Targets

Several analysts recently weighed in on CDE shares. Cantor Fitzgerald upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Roth Mkm restated a “buy” rating and issued a $8.50 price target (down from $9.00) on shares of Coeur Mining in a research note on Friday. BMO Capital Markets upped 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. StockNews.com upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday. Finally, Raymond James increased their price target on Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a research note on Friday, September 20th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.