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

Coeur Mining (NYSE:CDE) posted its earnings results on Wednesday, February 7th. The basic materials company reported $0.08 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.08, Briefing.com reports. The firm had revenue of $214.60 million for the quarter, compared to analyst estimates of $228.64 million. Coeur Mining had a negative net margin of 0.17% and a positive return on equity of 1.51%. The company’s revenue for the quarter was up 54.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 EPS.

Shares of Coeur Mining (NYSE CDE) traded down $0.01 during trading on Thursday, hitting $8.54. 1,489,667 shares of the stock were exchanged, compared to its average volume of 3,451,887. Coeur Mining has a 52-week low of $6.71 and a 52-week high of $10.24. The stock has a market capitalization of $1,590.00, a P/E ratio of 142.50 and a beta of 0.55. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.39 and a current ratio of 1.97.

In other news, COO Frank L. Jr. Hanagarne sold 5,684 shares of the stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $8.50, for a total value of $48,314.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

A number of research analysts recently issued reports on the stock. Noble Financial reiterated a “hold” rating on shares of Coeur Mining in a research report on Tuesday, October 31st. BMO Capital Markets set a $9.50 price objective on shares of Coeur Mining and gave the stock a “buy” rating in a report on Friday, February 9th. ValuEngine lowered shares of Coeur Mining from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Finally, Roth Capital reduced their price target on shares of Coeur Mining from $12.50 to $10.00 and set a “buy” rating for the company in a research report on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Coeur Mining presently has a consensus rating of “Hold” and an average target price of $10.13.

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Coeur Mining Company Profile

Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.

Earnings History for Coeur Mining (NYSE:CDE)

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